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Latest Articles in Reserve Bank of India RBI

KYC-Compliant PPIs To Become Interoperable Over Card Networks By Mar-End Next Year

PPIs are instruments that facilitate purchase of goods and services, remittances, and funds transfers, among others, against the value stored in/ on them.

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Das Asks PSBs To Quickly Implement Measures Announced By RBI

Monetary policy transmission and implementation of Covid-related policy measures taken by RBI too were discussed.

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Central Bank Of India Gets Shareholder Nod To Allot Rs 4,800-Cr Preference Shares To Govt

The consent of the shareholders was given with over 97 per cent votes in favour of the resolution to issue and allot up to 2,80,53,76,972 equity shares to government on a preferential basis aggregating up to Rs 4,800 crore

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COVID Resurgence Dents Economy In April, May; Loss Of Momentum Not Severe Like Last Year: RBI Article

Localised lockdowns rather than nation-wide lockdowns have been preferred in order to balance the spread of infections versus the loss of economic activity but the jury is out on which works and where

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NBFCs Double-Digit Growth In Q2, Q3 Of FY21 Points To Resilience: RBI Article

The profitability of NBFCs dipped in the immediate aftermath of the COVID-19 in the first quarter of 2020-21, as businesses suffered economic losses due to nation-wide lockdowns.

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RBI Remains Net Seller Of US Dollar In March; Sells USD 5.699 Bn

The central bank had net purchased USD 45.097 billion. It had bought USD 72.205 billion and sold USD 27.108 billion in the spot market.

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India Inc's Foreign Investment Jumps Over Two-Folds To $2.51 Bn In Apr'21

Reliance Industries alongside Reliance Brands invested a sum of USD 91.56 million in various wholly owned subsidiaries and joint ventures based in the UK, Singapore, the UAE and the USA.

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NEFT To Remain Unavailable For 14 Hrs On Sunday Due To Technical Upgrade

NEFT system is also used for a variety of transactions including payment of credit card dues to the card issuing banks, payment of loan EMI, and inward foreign exchange remittances, among others.

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Gold Bond Issue Price Fixed At Rs 4,777/Gm; Subscription Opens May 17

The scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings.

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Govt Appoints Vandita Kaul As Nominee Director On Board Of Bank Of India

Bank of India has a total of eight members on its board, including the MD and CEO Atanu Kumar Das, its four executive directors, one nominee director each from the government and the RBI and one shareholder director.

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Rupee Opens On Flat Note, Rises 6 Paise To 73.36 Against US Dollar In Early Trade

Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,260.59 crore, as per exchange data.

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RBI Cancels Licence Of West Bengal-Based United Cooperative Bank

United Co-operative Bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect.

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Forex Reserves Surge By USD 32.29 Bn In Six Months :RBI

The net forward asset (receivable) of the Reserve Bank in the domestic foreign exchange market stood at USD 68.2 billion as at March-end 2021.

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G-SAP: Second Tranche Of Bond Buying Worth Rs 35k Cr On May 20, Says RBI

The RBI will purchase seven government securities of different maturities amounting to Rs 35,000 crore. There will be no security-wise notified amount.

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RBI Grants PPI Authorisation To Eroute Technologies

The Noida-based firm said the RBI authorisation will enable it to launch its payment solutions at scale independently unlike neo banks and other bank-led fintech companies.

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