Topics: RBI

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Report: e-Money shares in India’s payment systems grew up by 21.5%

Getting a leg-up from the demonetization of Rs 500 and Rs 1,000 notes in November 2016, the share of e-Money in India's payment systems...
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Nirmala Sitharaman to attend G20 Finance Ministers meeting in Japan

Finance minister Nirmala Sitharaman will attend the two-day meeting of G-20 finance ministers and central bank governors in Japan beginning June 8, said a...
Business

World Bank retains India’s growth rate at 7.5% for FY20

India is projected to grow at 7.5 percent in the next three years supported by robust investment and private consumption, the World Bank has...
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Business

Indian junk bonds make a big comeback in 2019

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally...
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Shaktikant Das: Monetary economics in emerging markets needs a rethink

Observing that the global financial crisis has exposed several limitations of conventional and unconventional monetary policy tools, Reserve Bank of India (RBI) Governor Shaktikanta...
Business

Foreign reserve grows to $412 billion from $5.23 billion

The maiden dollar-rupee swap conducted by the central bank last week helped the country's foreign exchange reserves swell by a healthy $5.237 billion to...
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RBI not in a favour of changing the name of IDBI Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of...
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RBI: No data on demonetised notes used at the petrol pump

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay...
Business

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...
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Reserve Bank of India proposes strick compensation norms for Private and Foreign Banks

Seeking to curb excessive salary payout practices, the Reserve Bank of India has proposed strict compensation norms for senior officials of private as well...
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