RBI: Inflation to be lower at 4.5% in FY23, rising oil prices pose ‘risks’.
Despite crude oil prices rising over $90 per barrel, the Reserve Bank of India (RBI) has projected lower retail inflation level of 4.5...
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The Bulletin Desk
Feb 10, 20221 min read
Cryptocurrencies a threat to financial stability of India: RBI Guv.
The Reserve Bank of India (RBI) governor, Shaktikanta Das, on Thursday said that cryptocurrencies are a big threat to the financial and...
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The Bulletin Desk
Dec 16, 20211 min read
State of the economy report: Outlook remains upbeat, says RBI.
While the global economy remains hostage to heightened uncertainty with Omicron sparking fresh containment measures, a host of incoming...
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The Bulletin Desk
Dec 13, 20211 min read
Banks write off Rs 2.02 lakh crore in FY21; Rs 10.7 lakh crore crore in last 7 years.
Banks have written off Rs 2,02,781 crore of bad loans in the fiscal ended March 2021 when the Covid-19 pandemic hit the country and the...
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The Bulletin Desk
Dec 11, 20211 min read
RBI allows LIC to hold 9.99% stake in IndusInd Bank.
The Reserve Bank of India has approved the Life Insurance Corporation of India (LIC) to raise its stake in IndusInd Bank by up to 9.99...
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The Bulletin Desk
Dec 11, 20211 min read
20-digit LEI must for cross-border transactions soon: RBI.
Starting October next year, companies will have to quote the legal entity identifier (LEI) number so as to undertaking cross-border...
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The Bulletin Desk
Dec 8, 20211 min read
RBI Monetary Policy: Repo rate unchanged at 4% for the 9th consecutive time.
RBI Monetary Policy 2021: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent...
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The Bulletin Desk
Sep 25, 20211 min read
Master direction: Banks can now sell fraud loans to ARCs.
The Reserve Bank of India (RBI) on Friday allowed banks to sell fraud loan exposures to asset reconstruction companies (ARCs). Banks will...
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The Bulletin Desk
Sep 18, 20211 min read
India Inc’s dwindling investment plans: RBI flags near-term risks.
India Inc’s investment plans took a severe beating when the Covid pandemic raged across the country in 2020-21 with the number of new...
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The Bulletin Desk
Apr 12, 20211 min read
Keeping costs in mind, RBI not in favour of supervising NUEs.
The Reserve Bank of India (RBI) is not in favour of having direct and supervisory control over the New Umbrella Entities (NUE) and...
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The Bulletin Desk
Apr 9, 20211 min read
Covid surge adding to uncertainty, RBI keeps key rate unchanged.
The Reserve Bank of India’s Monetary Policy Committee (MPC) Wednesday left policy rates unchanged at record low levels as it was still...
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The Bulletin Desk
Apr 7, 20211 min read
RBI Monetary Policy: Repo rate unchanged at 4%, accommodative stance as long as necessary.
RBI Monetary Policy 2021: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent...
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The Bulletin Desk
Apr 6, 20211 min read
RBI seen holding rates steady as virus cases mount.
The Reserve Bank of India is widely expected to keep key interest steady on Wednesday amid a surge in COVID-19 cases in the country, but...
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The Bulletin Desk
Feb 19, 20211 min read
RBI clears Piramal takeover of DHFL.
The acquisition of Dewan Housing Finance Corporation (DHFL) by Piramal Capital and Housing Finance has crossed a major hurdle with the...
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The Bulletin Desk
Feb 16, 20211 min read
RBI sets up panel for strengthening UCBs.
The Reserve Bank of India has set up of an eight-member expert committee on urban co-operative banks (UCBs) to examine their issues and...
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The Bulletin Desk
Feb 5, 20211 min read
One nation one ombudsman: RBI to integrate consumer grievance redressal scheme.
The Reserve Bank on Friday announced it will be integrating consumer grievances redressal under a single ombudsman as against three...
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The Bulletin Desk
Feb 4, 20211 min read
RBI asks NBFCs, UCBs to implement risk-based audit.
The Reserve Bank of India (RBI) on Wednesday directed non-banking financial companies (NBFCs) and urban cooperative banks (UCBs) to...
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The Bulletin Desk
Nov 28, 20201 min read
Borrowing cost may rise for lenders
Lakshmi Vilas Bank’s decision to write down Tier-2 bonds worth Rs 318 crore could increase the cost of borrowing for peers, especially...
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The Bulletin Desk
Nov 27, 20201 min read
PMC Bank depositors on hunger strike in Mumbai, seek relief from RBI
Punjab and Maharashtra Co-operative (PMC) Bank depositors on Thursday sat on a token hunger strike near Reserve Bank of India (RBI)...
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The Bulletin Desk
Nov 27, 20201 min read
Sustaining demand will be key: Shaktikanta Das
Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said that despite a brighter outlook for the economy, downside risks to...
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