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Latest Articles in Reserve Bank of India RBI

UCO Bank Removed From RBI's Prompt Corrective Action

On a review of the performance of the UCO Bank, the Board for Financial Supervision on the basis of the published financial results for 2020-21 found that the bank was not in breach of the PCA parameter

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RBI Enhances Scope Of Tokenisation To Ensure Security Of Card Data

The RBI on Tuesday extended the device-based tokenisation to card-on-file tokenisation (CoFT) services, a move that will bar the merchants from storing actual card data.

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RBI Nod To Jammu & Kashmir Govt To Acquire Over 16.76 Crore Shares In J&K Bank

The lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 percent) of the bank during 2021-22.

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India's Economic Activity Picking Pace, Further Upside To Growth Likely: Moody's

The rating agency said it expects the Reserve Bank to maintain an accommodative policy stance until economic growth prospects "durably improve".

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RBI Imposes Penalty On 2 Co-Operative Banks, 1 NBFC

A penalty of Rs 3 lakh has been imposed on Jijamata Mahila Sahakari Bank, Pune, Maharashtra for non-compliance with the directions on exposure norms and statutory/ other restrictions-urban co-operative banks (UCBs)

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RBI Extends Scope Of Tokenisation To Laptops, Wearable Devices

The RBI had earlier permitted 'tokenisation' services, under which a unique alternate code is generated for transaction purposes, on mobile phones and tablets of cardholders.

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HDFC Bank Outlines Aggressive Play In Credit Cards To Regain Lost Mkt Share In A Year

HDFC Bank has set specific milestones for itself, which will include ramping up monthly card issuances to the November 2020 level of 3 lakh in up to three months, and going up further two 5 lakh a month in another two quarters

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RBI Appointed Panel Suggests 4-Tier Structure For UCBs

The RBI panel has also prescribed separate ceilings for home loans, loan against gold ornaments and unsecured loans for different categories of UCBs.

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RBI Imposes Rs 27.5 Lakh Penalty On Dhanlaxmi Bank, Rs 20 Lakh On A Co-Op Bank

The RBI said the Statutory Inspection for Supervisory Evaluation (ISE) of the bank was conducted with reference to its financial position as on March 31, 2020, and the examination of the Risk Assessment Report and Inspection Report pertaining to the same, revealed, inter-alia, contravention of the provisions of the Act read with the scheme.

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HDFC Bank Aims To Regain Lost Market Share In 1 Yr After RBI Lifts Credit Card Ban

The bank will depend on its internal set of customers to grow the number of cards and is also looking at partnering with key players like Paytm announced earlier in the day, to increase its sourcing.

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IBA Moves RBI Seeking Licence To Set Up Rs 6,000-Cr NARCL; Approval Likely In Next Few Weeks

RBI has its process and procedure for granting licence for such business, sources said, adding, it could take next few weeks to obtain licence from the regulator.

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Central Board Of RBI Reviews Current Economic Situation

The 590th meeting of the Central Board of Directors of RBI was held under the chairmanship of RBI Governor Shaktikanta Das through video conferencing.

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Gadkari Pitches For Using RBI's Rising Forex Reserves For Infrastructure Development

The country's foreign exchange reserves surged by USD 9.427 billion to a record high of USD 620.576 billion in the week ended July 30

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Nearly 72 % Of Financial Transactions Of PSBs Done Through Digital Channels: MoS Finance

PSBs have recovered an amount of Rs 4.52 lakh crore during the past five financial years from defaulters in NPA and written-off accounts, and have made aggregate recovery of Rs 20,334 crore from wilful defaulters till March 2021

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NSE IFSC To Introduce Trading In US Stocks

This initiative is a first of its kind at IFSC where Indian retail investors will be able to transact on the NSE IFSC platform under the liberalised remittance scheme (LRS) limits prescribed by the Reserve Bank of India (RBI).

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