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The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The retail inflation, which was above 6 per cent … Continue reading RBI remains laser-focused to bring back inflation to 4%: Das
The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country’s biggest lender State Bank of India (SBI) and a Rs 1.95 crore fine on Standard Chartered Bank for the violation of various guidelines.
With the vaccination drive picking up pace and Covid-19 mortality rate coming down, it is time for India to embark on a new trajectory of sustainable and inclusive growth, said a Reserve Bank article on the ‘State of Economy’.
The Reserve Bank of India said on Tuesday it has debarred chartered accountancy firm Haribhakti and Co from undertaking any audit assignments in regulated entities for a two-year period due to non-compliance of regulatory direction. The two-year ban starts from April 1, 2022.
Overall, the consumer confidence index improved to 57.7 in September from 48.6 in July. Consumer confidence for the one-year ahead period also improved. The future expectations index moved to 107 in September from 104 in July. An index value above 100 is a sign of optimism.
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Friday kept policy rates unchanged at 4 per cent for the eighth consecutive time and continued with the accommodative stance. Repo rate is unchanged at 4 per cent, while reverse repo rate remains at 3.35 per cent.
Reserve Bank’s rate-setting panel started its three-day deliberations on the next bi-monthly monetary policy on Wednesday amid rising global commodity prices and the need to contain inflation at home.
India’s top banks have been sending emails and coordinating with customers, ahead of the Reserve Bank of India’s (RBI) mandatory changes on auto-debit rules.
Reserve Bank of India (RBI) governor on Wednesday highlighted the need for higher investment in healthcare and infrastructure sectors to ensure sustainable growth in the post pandemic world. Addressing AIMA’s 48th national management convention, the RBI governor said that investment in healthcare education, digital and physical infrastructure is vital to ensure sustainable growth and generate … Continue reading Need to increase investment in healthcare, infra: RBI guv
Banking regulator Reserve Bank of India (RBI) on Monday cautioned people not to share account login details, personal information, copies of KYC documents, card information, PIN, password and OTP with unidentified persons or agencies.
The Reserve Bank of India (RBI) said on Wednesday it had taken UCO Bank out of its prompt corrective action (PCA) list after finding that the state-run lender was not in breach of its rules on regulatory capital, bad loans and leverage ratio.
The Reserve Bank of India (RBI) has appointed Ajay Kumar as the executive director with effect from August 20. In an official statement, the central bank informed that Kumar will look after the department of currency management, foreign exchange department and premises department.
An RBI panel has suggested expediting creation of an umbrella organisation to enable small urban cooperative banks (UCBs) to acquire scale by becoming part of a network.
One-click purchases at e-commerce sites may no longer be available to digital shoppers with the Reserve Bank of India (RBI) putting its foot down on card data storage norms.
The government’s move to pass on increases in global crude oil price to consumers, but prevent corrections through higher taxes, has raised concerns on inflation among RBI’s monetary policy committee members. The minutes of the MPC meeting released on Friday reveal that, worried by inflation, one member had voted to raise the reverse repo, the … Continue reading Taxes on fuel trigger worry at RBI policy panel’s meet
The retreat of the second wave of the pandemic has released pent-up demand, which has been complemented by an improvement in the supply situation due to a normal monsoon, the Reserve Bank of India said in its monthly assessment of the economy.
The Reserve Bank of India (RBI) on Wednesday announced revised norms for deposit lockers, safe custody and article facility in banks. The revised guidelines will come into effect from January 1, 2022. It will be applicable to both new and existing safe deposit lockers.