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Despite various shocks and crises, he said the Indian banking sector has seen a remarkable recovery.
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Police said that the sender in the email demanded the resignation of RBI governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.
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Das, speaking at the FIBAC 2023 conference, emphasized the necessity for NBFCs to diversify funding sources, reducing reliance on banks to mitigate risks linked to high interconnectedness.
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The Reserve Bank, he said, has undertaken pilot projects with regard to promotion of the CBDC and the results have been "excellent"
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The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023 - the date on which RBI decided to withdraw the banknote.
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A bullet repayment scheme is one where a borrower repays interest and the principal amount at the end of a loan tenure without worrying about repayment during the loan tenure.
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After three days of deliberation, RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) unanimously opted to maintain the repo rate at 6.5 percent
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He said the RBI would focus more on inflation given that growth is strong right now, adding oil price movements need to be watched carefully, too.
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Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should improve the governance standards, avoid related-party transactions and focus on credit risks, among others.
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As much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.
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According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.
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Reserve Bank of India Governor Shaktikanta Das on Wednesday urged fintech players to set up a SRO at the earliest for an orderly growth of the industry.
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Last week, RBI Governor Shaktikanta Das also said that the central bank expects inflation to moderate from September onwards
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The Reserve Bank has been mandated to maintain price stability, keeping in mind the objective of growth. Price stability has been numerically defined as maintaining a headline CPI inflation target of 4.0 per cent with a tolerance band of +/- 2 per cent.
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He also stressed that the Board's role is pivotal in establishing a robust IT and cybersecurity infrastructure and availability of requisite skills at the bank level.
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It is necessary to avoid unduly long elongation which sometimes may ... camouflage an underlying stress in a particular loan, Governor Shaktikanta Das said
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RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
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Governor Shaktikanta Das on Tuesday told chiefs of public and private sector banks that owing to prevailing adverse global conditions, banks need to be extra vigilant
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Shaktikanta Das on Friday said commercial banks will first begin reporting on the central bank's latest next-generation data warehouse
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Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.