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Tag: Rbi

Centre puts limit on sugar exports
Centre puts limit on sugar exports

The latest move comes days after banning the export of wheat in order to control rising inflation and to ensure availability in the domestic market.

RBI Guv
May go for rate hike in June: RBI Governor

Shaktikanta Das said the measures taken by RBI will have a sobering effect on retail prices.

Representational Image
Cryptos can lead to dollarisation of economy: RBI officials to par panel

Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its governor Shaktikanta Das, clearly expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system, sources said.

Indian Currency
April retail inflation at 7.79%, above RBI's tolerance band for fourth month

India's retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.

Auto industry
Auto industry not out of woods, RBI's move to make loans costlier: FADA

High-interest rates for vehicle loans due to RBI's move will be an additional blow.

A Maruti Suzuki Dealership
Brace for a costlier auto loan, know why

While the news to hike repo rate by 40 basis points (bps) by the Reserve Bank of India (RBI) is likely to impact a variety of sectors, the automotive sector in particular is worried.

Sensex plummets 1,300 pts as RBI wrongfoots markets; investors lose Rs 6.27 lakh cr
Sensex plummets 1,300 pts as RBI wrongfoots markets; investors lose Rs 6.27 lakh cr

The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as the focus shifts to combating runaway price rise, exacerbated by geopolitical tensions.

RBI
RBI hikes repo rate by 40 bps to 4.40%

This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate (the rate at which banks borrow from the RBI).

LIC owns 4% of all listed stocks in India, more government bonds than the RBI
LIC owns 4% of all listed stocks in India, more government bonds than the RBI

As data suggest, its business is largely driven by agent based model (90 per cent plus), hence a larger digital on boarding of its network will be needed to pursue growth ahead.

RBI announces new guidelines for debit and credit cards; check details
RBI announces new guidelines for debit, credit cards; check important details

The directions, which will come into effect from July 1, will cover the general and conduct regulations relating to credit, debit and co-branded cards.

Breaking 3-Day Losing Streak, Indices Rise As RBI Keeps Rates, Stance Unchanged
Breaking 3-Day Losing Streak, Indices Rise As RBI Keeps Rates, Stance Unchanged

The Reserve Bank of India (RBI) retained its key lending rate during the first monetary policy review of FY23.

RBI Guv Shaktikanta Das=
RBI Guv Hints At Ending Accommodative Policy Stance

It has also slashed its growth forecast for the present fiscal to 7.2 per cent from 7.8 per cent in February.

RBI Assistant Recruitment 2022: Apply For 950 Posts From February 17, Check Details
RBI Extends Rationalised Home Loan Norms Till March 2023

Recognising the importance of the housing sector and its multiplier effects, it has been decided to extend the applicability of these guidelines till March 31, 2023, he said.

Card-Less Cash Withdrawal
Card-Less Cash Withdrawal Facility Across All Banks' ATM Network Soon: RBI

It is proposed to enable customer authorisation through the use of Unified Payments Interface (UPI) while settlement of such transactions would happen through the ATM networks, a statement on Developmental and Regulatory Policies said.

GDP
Global Headwinds: RBI Lowers FY23 GDP Growth Forecast To 7.2%

RBI Governor Shaktikanta Das said the real GDP growth is projected at 16.2 per cent in Q1FY23, at 6.2 per cent in Q2; at 4.1 per cent in Q3 and Q4 at 4 per cent, assuming that crude oil (Indian basket) price is at $100 per barrel during 2022-23.

RBI
RBI Ups Inflation Target For FY23 To 5.7 Pc On Rising Global Prices Amidst Geo-Political Tensions

The apex bank kept the benchmark interest rate -- repo, at which it lends short-term money to banks -- unchanged at 4 per cent.

RBI Guv
Policy Support: RBI MPC Retains Accommodative Stance, Repo Rate

MPC has decided to keep benchmark repurchase (repo) rate at 4 per cent, Das said while announcing the bi-monthly monetary policy review.

RBI
RBI Expected To Prioritise Growth During April Meet

Earlier this month, CPI inflation came in at an eight-month high of 6.1 per cent YoY in February 2022.

forex reserve
India's Forex Reserves Rise To Over $631.920 Bn

India's foreign exchange reserves rose by $394 million during the week ended March 4. The Reserve Bank of India's forex reserves rose to $631.920 billion from $631.527 billion reported for February 25.

Continued Policy Support Crucial For Sustained Economic Recovery: RBI Governor
Continued Policy Support Crucial For Sustained Economic Recovery: RBI Governor

After the three-day meeting of the Monetary Policy Committee (MPC) early this month, RBI decided to keep its key lending rates steady at record low levels for the 10th straight time to support a durable recovery of the economy from the pandemic.

Finance Minister Nirmala Sitharaman
Discussions On With RBI Over Digital Currency: FM

Replying to questions after addressing the RBI's Central Board of Directors here on Monday, Sitharaman said the central bank and the government are on board regarding digital currencies.

RBI
RBI Maintains Status Quo; Leaves Benchmark Lending Rate Unchanged At 4%

MPC has been given the mandate to maintain annual inflation at 4 per cent until March 31, 2026, with an upper tolerance of 6 per cent and a lower tolerance of 2 per cent.

Cyber Fraud: RBI Lists Out Safe Digital Banking Practices
Cyber Fraud: RBI Lists Out Safe Digital Banking Practices

The cyber fraudsters are using innovative techniques via social media, mobile phone calls and SMS to cheat people.

RBI Likely To Hike Interest Rates By Up To 100 Basis Points In 2022
India To Get Its Own Digital Currency By RBI Next Year: FM Nirmala Sitharaman

The Reserve Bank of India (RBI) has already been deliberating upon various aspects relating to the central bank digital currency and private crypto currencies.

RBI
RBI To Take Up Repo Rate Hikes From April With A Cumulative Rise Of 150bps In FY23

Fiscal data on a tracking basis has surprised positively, even as spending is tracking above budgeted levels due to the better-than- expected trend in tax collections.

India's Overall Economic Activity Remains Strong Despite Third Wave: RBI Bulletin
India's Overall Economic Activity Remains Strong Despite Third Wave: RBI Bulletin

The RBI pointed out that aggregate demand conditions have stayed resilient. "The issuance of E-way bills - an indicator of freight movement - surged to 7.2 crore in December, the second highest in its history.

RBI Likely To Hike Interest Rates By Up To 100 Basis Points In 2022
RBI Likely To Hike Interest Rates By Up To 100 Basis Points In 2022

Retail inflation during December 2021 hardened for the third successive month to 5.6 per cent but was lower than the consensus expectation.

bharti-airtel-business
Airtel Payments Bank Receives 'Scheduled Bank' Status From RBI

The new status will allow Airtel Payments bank to pitch for government-issued ‘Requests for Proposals' (RFPs) and primary auctions and undertake both Central and state government business besides participating in government-operated welfare schemes.

State Bank Of India
SBI increases limit on IMPS transactions to Rs 5 lakh

IMPS, offered by National Payments Corporation of India, empowers customers to transfer money instantly through banks and RBI authorised Prepaid Payment Instrument Issuers (PPI) across India.

RBI Allows Offline Digital Payments, Capped At Rs 200 Per Transaction
RBI Allows Offline Digital Payments, Capped At Rs 200 Per Transaction

Such transactions would not require an Additional Factor of Authentication (AFA). Since the “transactions are offline, alerts (by way of SMS and / or e-mail) will be received by the customer after a time lag,” the RBI notice read.

India's Current Account Slips Into Deficit In Q2, CAD Now At 1.3 Pc Of GDP
India's Current Account Slips Into Deficit In Q2, CAD Now At 1.3 Pc Of GDP

Private transfer receipts, which mainly represent remittances by Indians employed overseas, increased 3.7 per cent over the year-ago period to USD 21.1 billion.

RBI Extends Deadline For Periodic KYC Update Till March 31
RBI Extends Deadline For Periodic KYC Update Till March 31

In May, the RBI had advised the regulated entities not to impose punitive restriction on operations of accounts of customers for their failure to comply with the KYC updation norms till December-end.

RBI Says RBL Bank's Financial Position
RBI Says RBL Bank's Financial Position "Satisfactory"; Assures Depositors, Stakeholders

The Reserve Bank of India has also appointed its Chief General Manager Yogesh K Dayal as an additional director on the board of RBL Bank.

AIBOA Seeks RBI Probe Against IDBI Bank
RBI Should Probe IDBI-Diamantaire Groups Loan Default: AIBOA

Earlier, the Bank of India, as the leader of a consortium, had taken over possession of the diamantaire's property for failure to repay loans worth Rs 468 crore in 2018, said Nagarajan, on the issue that was first highlighted by IANS (December 20-21).

RBI-Logo
Industry Bodies Urge RBI To Extend Card Tokenisation Deadline

The digital payments ecosystem is a long way from consumer-ready solutions and unless regulated entities are compliant, merchants will not be able to successfully process tokenised transactions, they said in the joint letter.

Feature Phones
RBI to develop UPI for feature phones to boost digital payments

The Reserve Bank of India has decided to develop the UPI platform for feature phones with an aim to increase the penetration of digital payments in the Country.

RBI
RBI To Soon Float Paper On Reasonableness Of Charges On Transactions Via Digital Payments

To further encourage the use of UPI by retail investors, he said it is proposed to enhance the transaction limit for payments through UPI for Retail Direct Scheme and IPO applications from Rs 2 lakh to Rs 5 lakh.

Ominous Omicron: RBI Keeps Rates Intact, Remains Accommodative
Ominous Omicron: RBI Keeps Rates Intact, Remains Accommodative

It was widely expected that MPC would hold rates along with the accommodative stance.

Equities Jump In Early Trade On RBI's Accommodative Stance
Equities Jump In Early Trade On RBI's Accommodative Stance

Besides, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 17,044 points after closing at 17,176 on Tuesday.

India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury
India Exemplary In Publishing Its Foreign Exchange Market Intervention: US Treasury

The Reserve Bank of India (RBI) reduced its policy rate 115 basis points over the first half of 2020, and it has remained at four percent since May 2020.

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