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Latest Articles in Reserve Bank of India RBI

RBI's MPC Begins Deliberations; Likely To Maintain Status Quo On Interest Rate

Experts are of the view that the RBI may prefer to wait and watch for some more time before taking any major action on the monetary policy front as the central bank's focus is on managing inflation as well supporting economic growth.

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Rajya Sabha Passes Deposit Insurance & Credit Guarantee Corporation (Amendment) Bill

The Bill proposes that even if a bank is temporarily unable to fulfil its obligations due to restrictions such as moratorium, depositors can access their deposits to the extent of the deposit insurance cover through interim payments by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

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RS Passes Deposit Insurance & Credit Guarantee Corporation (Amendment) Bill

The bill also seeks to amend Section 15 of the DICGC Act to enable the Corporation to increase the ceiling on the amount of premium, with the prior approval of the Reserve Bank of India (RBI).

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Induslnd Bank Gets Empanelled As Agency Bank To RBI

The announcement comes close on the heels of a recent RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.

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Depreciation Bias On Horizon; Rupee Likely To Test 76.50 Level This Year: Experts

One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias.

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RBI Imposes Rs 50.35 Lakh Penalty On Nashik-Based Janalaxmi Co-Operative Bank

The penalty on Janalaxmi Co-operative Bank has been imposed for non-compliance with directions issued by RBI on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks' and 'Membership of Credit Information Companies (CICs)'.

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RBI's New Rules On Interchange Fee, 24/7 Bulk Clearing Facility Functional

An interchange fee is a fee charged by banks to the merchant who processes a credit card or debit card payment.

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Macro Data, RBI Policy To Drive Markets This Week, Say Analysts

Among major earnings announcements, HDFC, PNB, Adani Ports and Special Economic Zone, Bank Of India, Bharti Airtel, State Bank Of India, and M&M would release their financial results.

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Data Storage Norms: Mastercard Submits Audit Report To RBI

The restrictions were put in place because of the company's failure to comply with local data storage norms that require payments companies to store data related to Indian customers only in the country.

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Non-Food Bank Credit Grows 5.9 Per Cent In June: RBI Data

Growth in loans to the services sector decelerated to 2.9 per cent in the reporting month from 10.7 per cent in June 2020, mainly due to contraction/deceleration in credit growth to commercial real estate, NBFCs and tourism, hotels and restaurants.

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Forex Reserves Down By USD 1.581 Bn To USD 611.149 Bn

The reserves had reached a lifetime high of USD 612.730 billion after rising by USD 835 million in the previous week ended July 16, 2021.

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RBI Cancels Licence Of Madgaum Urban Co-Operative Bank Ltd, Margao

The Office of Registrar of Cooperative Societies, Goa, has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

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RBI Allows Non-Bank Psps To Participate In Centralised Payment Systems

PSPs include prepaid payment instrument (PPI) issuers, card networks, white label ATM (WLA) operators and trade receivables discounting system (TReDS) platforms.

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Digital Payments Up 30.2 % In FY21: RBI Data

The Reserve Bank had earlier announced construction of a composite Reserve Bank of India - Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country.

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No Of Wilful Defaulters Rises To 2,494: FM

RBI has further apprises that the total number of unique wilful defaulters reported by PSBs was 2,017 as on March 31, 2019, 2,208 as on March 31, 2020 and 2,494 as on March 31, 2021

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