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"reserve-bank-of-india"

  • ICICI Bank gets RBI nod to make I-Process Services as wholly-owned subsidiary

    The bank has received approval from the Reserve Bank of India for making iProcess its wholly-owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing.
  • Sovereign Gold Bond issue price fixed at Rs 5,923 per gram; subscription to open on Sep 11

    "The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche).
  • Editorial: Digital leap

    RBI’s decision to expand e-rupee is an acknowledgement of the rapid pace of adoption of digital payment methods
  • RBI mulls handing over frictionless credit platform to private company: Das

    According to Das, the banks and non-bank finance companies can continue with their lending activities even after RBI hands over the platform.
  • RBI Governor urges fintech players to set up self regulatory organisation

    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.
  • RBI considering introduction of CBDC in call money market soon

    BBPS (Bharat Bill Payment System) cross-border bill payment will highlight the adaptability of the BBPS platform to integrate with fintechs and conventional financial players to facilitate domestic as well as cross-border payment transactions.
  • Monetary policy has to be forward looking, says RBI Governor

    The RBI Governor also said that it is important for the monetary policy committee to keep track of price stability and act accordingly
  • RBI allows pre-sanctioned credit lines through UPI

    In April, the RBI proposed to expand the scope of the UPI by enabling transfer to/from pre-sanctioned credit lines at banks
  • RBI Central Board reviews global, domestic economic situation

    The Central Board of Directors of the Reserve Bank of India on Friday reviewed the global and domestic economic situation and associated challenges.
  • Last chance to exchange Rs 2,000 notes approaches; here’s how to do it

    The exchange and deposit facilities for these notes are accessible not only at banks but also at the 19 Regional Offices (ROs) of the RBI that have Issue Departments.
  • All-India House Price Index up by 5.1 per cent: RBI data

    The RBI releases quarterly House Price Index based on transaction-level data received from the registration authorities in ten major cities
  • Banks in Hyderabad to remain closed for eight Days in September

    In fact, there are going to be a total of 17 holidays this month, including Sundays and the second and fourth Saturdays. These holidays are allowed under the Negotiable Instruments Act.
  • Rupee falls 3 paise to close at all-time low of 83.13 against US dollar

    At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.
  • BRS manifesto at Warangal rally on Oct 16

    Asked about the election manifesto, he said the party would unveil the new manifesto at a mammoth rally to be organised at Warangal on October 16.
  • RBI launches centralised web portal ‘UDGAM’ for unclaimed deposits

    This portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks in one place, an RBI release said
  • Editorial: In pause mode

    One should not hope for a rate cut this financial year since inflation is set to hover above 5%
  • Rupee falls 16 paise to 82.82 against US dollar amid losses in local equities

    The rupee depreciated by 16 paise to settle at 82.82 against the US dollar on Friday amid weak sentiment in the equity markets
  • Don’t camouflage stress, extend loans for reasonable period: Shaktikanta Das to banks

    It is necessary to avoid unduly long elongation which sometimes may ... camouflage an underlying stress in a particular loan, Governor Shaktikanta Das said
  • RBI retains repo rate at 6.5%

    RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
  • India’s major banks remain unprepared to confront climate risks: Report

    The analysis finds little progress towards climate-preparedness among India's 34 largest banks that have a combined market cap of Rs 29.5 trillion
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