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Thursday, January 28, 2021

RBI

Cryptocurrency industry hopeful as RBI mulls over digital currency

New Delhi, Jan 27 (IANS) With the Reserve Bank of India (RBI) now saying that it is exploring the need for a digital version of fiat currency, cryptocurrency stakeholders have called to move a step in the right direction...

Intervention Impact: RBI expected to rein-in rising rupee

By Rohit Vaid (IANS) The Reserve Bank of India (RBI) is expected to rein in any sharp appreciation in rupee due to hefty FIIs' inflows during the upcoming week. Experts contend that effects of large FIIs' inflows will be neutralised...

RBI proposes multilayer system, stricter norms for NBFCs

Mumbai, Jan 22 (IANS) The Reserve Bank of India (RBI) on Friday proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations. The RBI, in a discussion paper, proposed to differentiate between...

Bank credit to manufacturing muted amid pandemic

New Delhi, Jan 17 (IANS) Bank credit to manufacturing sector has remained muted in the current financial year amid the pandemic, while few sectors, including construction and trade, have witnessed resilient flows. According to the Financial Stability Report of the...

RBI remains ‘steadfast’ to take necessary steps to support economy: Guv

New Delhi, Jan 16 (IANS) Reserve Bank Governor Shaktikanta Das on Saturday said that the central bank remains committed to take any further necessary measures to support the economy. Delivering the Nani Palkhivala Memorial Lecture on Saturday, Das said that...

RBI unlikely to cut rates despite dip in Dec retail inflation: Report

Mumbai, Jan 13 (IANS): The Reserve Bank of India (RBI) is unlikely to further ease the interest rates in the next meeting of its Monetary Policy Committee even though retail inflation declined in December 2020, a report by Motilal Oswal...

RBI creates ‘Payments Infrastructure Development Fund’

Mumbai, Jan 5 (IANS) The Reserve Bank of India has created a 'Payments Infrastructure Development Fund' to encourage acquirers to deploy 'Points of Sale' infrastructure in tier-3 to tier-6 centres and northeastern states. A PoS infrastructure can have physical or...

Banks’ GNPA ratio declines to 7.5% at September-end: RBI report

Mumbai, Dec 29 (IANS) India's scheduled commercial banks (SCBs) consolidated their gains achieved after the turnaround in 2018-19 during 2019-20 and first half of 2020-21, the Reserve Bank of India (RBI) said in a report. As per the report on...

Beating predictions, economy pulling out of Covid’s deep abyss: RBI

Mumbai, Dec 24 (IANS) India's economy is pulling out of Covid-19's deep abyss at a faster pace than most predictions, Reserve Bank of India said in its monthly bulletin for December. "Since the assessment presented in the last month's article,...

Indian economy reviving at unforeseen pace: RBI

New Delhi, Dec 24 (IANS) As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly...

Latest News

Deep Sidhu, main accused of Delhi violence, goes missing

Chandigarh, Jan 28 (IANS) Punjabi actor-turned-activist Deep Sidhu, who has been named in connection with violence in Delhi on...