Mumbai: The Reserve Bank of India (RBI) on Wednesday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with...
With the Reserve Bank of India (RBI) taking a rather tough stand on cryptocurrencies, a question mark hangs over the fate of the unregulated...
Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.
He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.
The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.
The soaring NPAs, despite several interventions like Dispute Resolution Tribunals, Asset Reconstruction Companies and Insolvency and Bankruptcy Code, now get another pill
The decision to transfer the surplus to the central government was taken at the meeting of the Central Board of Directors of RBI
Earlier this month, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services.
Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.
The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.
Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government
While Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.
The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week.
The move is intended to make the process of redress of grievances easier by enabling the customers of the banks
Concerns have been raised about the law, which seeks to "protect and relieve" economically vulnerable groups from usurious interest rates and coercive recovery means
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