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Recipient in India can receive remittances from Singapore in their accounts through their preferred UPI-enabled apps such as BHIM, Google Pay and PhonePe
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RBI’s June 2025 Financial Stability Report highlights India's improving banking health. However, rising household and public debt, and rapid unsecured retail lending point to potential risks amid uncertainties
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Three names emerge as frontrunners for the top post; IndusInd Bank set to submit CEO shortlist to RBI amid leadership crisis
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In a bank-driven economy, aspirational growth cannot be achieved without adequate credit flow to all productive sectors
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According to reports, the Reserve Bank of India has raised concerns following alleged sales by Standard Chartered to small and medium-sized enterprises of target redemption forwards, ‘a product that can cause significant losses’
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The RBI allows a single foreign institution to hold 15 per cent in a lender and has made some exceptions like that of CSB Bank, and, recently, Japan’s SMBC
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While the rate cut is a strong positive for real estate, especially for affordable housing, much now depends on how well it can adapt to higher input costs and ongoing global uncertainties
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Reserve Bank of India exploring commencement of central bank digital currency pilots on cross-border payments
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The Appointments Committee of the Cabinet has approved the re-appointment of Rabi Sankar for a period of one year with effect from May 3, 2025, or until further orders
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By adopting an accommodative stance, the RBI's Monetary Policy Committee has signalled a shift in priorities from inflation containment to growth revival
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The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing
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Once thriving, kiosks exchanging damaged currency now dwindle, as digital payments reduce cash use
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The post of the Deputy Governor of RBI fell vacant after M D Patra demitted office in January.
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Speaking at the closing ceremony of the commemoration of 90th year of Reserve Bank of India, President Murmu lauds RBI for taking proactive measures to strengthen and safeguard a secure banking environment
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The private lender, which is already under scrutiny for discrepancies in its derivatives portfolio, stated it is considering filing an appeal against the GST order
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This means customers who rely on ATMs for their financial transactions will have to pay additional charges once they exceed their free transaction limit.
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Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
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In its statement, the RBI emphasised that depositors should not react to speculative reports, as the bank’s financial position remains sound and is under its close monitoring
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The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series, RBI said in a statement
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Lender’s stocks plunge over 26 per cent eroding Rs 14,000 crore in market value on March 11, net worth expected to decline by nearly Rs 2,100 crore