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Latest Articles in Reserve Bank of India RBI

RBI Amends KYC Norms To Further Leverage Video-Based Customer Identification Process

REs may also undertake V-CIP for conversion of existing accounts opened in non-face to face mode using Aadhaar OTP based e-KYC authentication, and updation or periodic updation of KYC for eligible customers.

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RBI Modifies Norms For Undertaking Govt Business By Private Banks

'Scheduled private sector banks, not having agency banking agreement with RBI, but intend to handle government agency business, may be appointed as agents of RBI upon execution of an agreement with RBI.

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RBI Appoints Jose J Kattoor As Executive Director

Prior to being promoted as ED, Kattoor was heading Bengaluru Regional Office of the Reserve Bank as Regional Director for Karnataka.

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Forex Reserves Surge By USD 3.91 Bn To USD 588.02 Bn

The forex kitty had touched a lifetime high of USD 590.185 billion in the week ended January 29, 2021

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RBI To Conduct SLTRO Of Rs 10,000 Crore For Small Finance Banks On May 17

The SFBs participating in the scheme will have to ensure that the amount borrowed from the RBI should at all times be backed by lending to the specified segments till the maturity of the SLTRO.

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On-Tap Liquidity Facility: RBI Asks Banks To On-Lend To Healthcare Cos In 30 Days Of Availing Credit

Banks that want to deploy their own resources without availing funds from the RBI under the scheme for lending to the specified segments will also be eligible for the incentives.

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RBI's Rs 50K Cr Liquidity Facility Can Augment Hospital Bed Capacity By 20%: Crisil

Companies in other health care related sectors such as pharmaceuticals, the capital requirements for enhancing production capacity of critical COVID-19 related drugs is not very high

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RBI's Moves Nuanced, Address Both Economic And Public Health Concerns: Bankers

SFBs will now be permitted to give fresh lending to smaller micro-finance institutions (MFIs) with asset size of up to Rs 500 crore for on-lending to individual borrowers as priority sector lending.

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RBI Gives Relief To Small Borrowers, Loans To Vaccine Makers, Hospitals

India added 3,82,315 virus cases over the last 24 hours to reach a total of 2.06 crore, while death toll rose by a record 3,780 to 226,188

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Builders Seek Support From RBI To Deal With 2nd Wave Of COVID

Housing sales plunged by 40-50 per cent during 2020 because of the COVID-19 pandemic. The revival in demand, witnessed from October last year, received a major setback with an outbreak of the second wave in late March of this year.

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Builders Seek Support From RBI To Deal With 2nd Wave Of COVID

CREDAI urges and expects that similar measures which shall address concerns of large businesses and labor-intensive sectors like Real Estate will be announced in days to come

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Normal Monsoon Should Help Contain Food Price Pressures, Says Das

The Reserve Bank will continue to monitor the emerging situation and deploy all resources and instruments at its command in the service of the nation, especially for our citizens, business entities and institutions beleaguered by the second wave.

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RBI's Decision Well-Timed: Industry

The RBI has 'most correctly' recognised how small businesses and financial entities at the grassroots are bearing the most considerable burden of the pandemic and has thus unveiled measures to help them

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Sensex Rallies 424 Pts On RBI Announcements; Financial Stocks Shine

RBI has allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure.

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RBI Announces Loan Recast For Individuals, Small Biz; Fresh Lending To Vaccine Makers, Hospitals

RBI will buy Rs 35,000 crore of bonds under Government Securities Acquisition Programme (G-SAP) -- India's version of quantitative easing -- on May 20.

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