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Latest Articles in Reserve Bank of India RBI

RBI Grants Licence To National Asset Reconstruction Company Ltd, Says IBA CEO

Union finance minister Nirmala Sitharaman had in Budget 2021-22 said that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up bank books.

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RBI Supersedes Boards Of Srei Infrastructure Finance, Srei Equipment Finance

Srei group owes around Rs 18,000 crore to around 15 lenders, including Axis Bank, UCO Bank and State Bank of India.

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FinMin To Pitch For Rating Upgrade In Meeting With Moody's Next Week

The Reserve Bank of India (RBI) had in June lowered the growth projection for 2021-22 to 9.5 percent from 10.5 percent estimated earlier.

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India Current Account Swings To Surplus In June Quarter

The current account surplus stood at $6.5 billion or 0.9% of GDP compared to $19.1 billion in the same quarter a year ago, which was a record high.

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Non-Food Bank Credit Grows 6.7 % In August: RBI Data

Credit to micro and small industries accelerated to 10.1 per cent in August 2021 from a contraction of 1.1 per cent a year ago.

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Foreign Exchange Reserves Rise $34.1 Billion In June Quarter: RBI Data

The current account balance recorded a surplus of USD 6.5 billion in the first quarter of fiscal 2022 as against a surplus of USD 19.1 billion in the year-ago quarter.

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New Auto Debit Rules Of RBI To Set In From Friday

HDFC Bank in a bulk message to customers said as per RBI guidelines on e-Mandate on cards, the bank will decline non-compliant recurring transaction at merchant web or app on your Credit/Debit Card from October 1, 2021.

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RBI Issues Master Direction On Loan Transfer

The RBI also issued Master Direction on the securitisation of standard assets to facilitate their repackaging into tradable securities with different risk profiles.

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Bank Deposits Rise 12 % In FY21 On Higher CASA Growth: RBI Data

Bank deposits of non-financial corporations surged by 18.8 per cent during 2020-21 and their share in total deposits increased to 16.2 per cent in March 2021.

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Big Push To Infra, Education, Healthcare Needed For Sustainable Growth: RBI Governor

The production-linked incentive (PLI) scheme announced recently by the government for certain sectors was an important initiative to boost the manufacturing sector

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PNB Cuts Rate On Home Loan Above Rs 50 Lakh By 0.5%; RLLR By 0.25%

"PNB has announced that now home loans are offered at 6.60 percent irrespective of any upper ceiling limit," it said in a statement. The state-owned lender said the rate will be linked with the applicant's credit score.

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RBI Remains Net Purchaser Of US Dollar In July; Buys $ 7.205 Billion

The RBI net purchased $ 18.633 billion. It had bought $ 21.923 billion and sold $ 3.29 billion during the month. In July last year, the central bank had net bought $ 15.973 billion.

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Inflation In India Likely To Ease Only Gradually: RBI Deputy Governor

The Indian economy is emerging from the second wave in a more resilient manner as compared with the first, Patra said, adding that recovery was more broad-based around manufacturing as a pivot, though output is still below pre-pandemic levels.

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KYC Frauds: RBI Cautions Public Not To Share Account Details, Passwords With Unidentified Agencies

The RBI said it has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation.

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RBI Optimistic About 9.5% Growth In FY22; Will Gradually Move To Soften Inflation To 4%: Governor Das

As a result of high inflation, which also breached the 6 per cent band in between, the RBI has been maintaining a status quo on rates for over a year now and calls for higher attention to its core mandate of price rise are growing.

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