RBI

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Thought your treasures were 100% safe in lockers? Banks have no liability for loss of valuables, says RBI

The RBI and 19 other PSU banks clearly explained that the bank is not liable for the customer's loss in case there is a theft or burglary in the bank.

Jun 26, 2017

RBI announces members of oversight panel to tackle bad loans

The panel will oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt accumulated by banks.

Jun 22, 2017

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SBI tops debit card transactions in April

The country's biggest lender reported debit card transactions worth Rs 11,720.73 crore in April,

Jun 19, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

New series of Rs 500 notes to be out soon

There will be a minor change in the new series of Rs 500 notes, the RBI said in a statement.

Jun 13, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017

Sensex closes marginally lower at the end of a volatile day

Sensex steel and pharma gains offsetted by losses in tech, energy

Jun 8, 2017

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Sensex fired up by SLR cut, RBI's 'dovish' stance

Optimism that RBI's inflation projections will lead to future rate cuts; NSE soars briefly to lifetime high on bank, metal stocks

Jun 8, 2017

RBI leaves repo rate unchanged at 6.25%, revises FY2018 growth rate downwards to 7.3% [Watch Urjit Patel's media interaction]

The Monetary Policy Committee meeting of the RBI retains repo rate at 6.25 percent and estimates GVA for 2017-18 at 7.3 percent.

Jun 7, 2017

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RBI's Monetary Policy Committee meeting: Experts at DBS Bank, Kotak Mahindra Bank, Orbis Economics say rate cut unlikely

The RBI's MPC will be meeting for the first time this fiscal on Tuesday in the backdrop of record low inflation and weak Q4 GDP numbers.

Jun 5, 2017

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Rs 200 notes proposal: People seem to like the idea; say will bridge the gap between denominations

A Twitter poll conducted by IBTimes India on the "introduction of the new Rs 200 notes to ease the post-effect of demonetisation" gets a positive response. Read to know more.

Jun 3, 2017

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Reserve Bank of India initiates steps to replace outgoing deputy governor SS Mundra

SS Mundra, currently one of the four deputy governors of RBI, is due to retire in July.

Jun 2, 2017

RBI to soon introduce new Re 1 note

The new notes will be pink-green in colour and will have a representation of the one rupee coin on the reverse of the note.

May 30, 2017

Modi govt had approved introduction of Rs. 2,000 note in June last year: Report

The decision to demonetise Rs. 500 and Rs. 1,000 notes and introduce a new denomination (Rs. 2,000) in November had its origins in mid-2016.

May 11, 2017

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India's falling earnings from service exports pose risks: DBS Bank economist Radhika Rao

The net earnings are on a free fall and could stay that way, especially because of increasing protectionism followed by Donald Trump's USA.

Apr 5, 2017

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RBI to launch new 200-rupee notes soon? Fake image of Rs 200 note going viral

Rumours are rife that 200-rupees note will soon be out in India and a fake image of the note is already being shared on social media.

Apr 3, 2017

RBI monetary policy meeting on February 8 crucial after Union Budget 2017

The sixth bi-monthly monetary policy statement of RBI on February 8 will come after Union Budget 2017; comments on demonetisation and rate cut will be key.

Feb 3, 2017

India Post Payments Bank: The 'game changer' to get 650 branches by September, says Arun Jaitley

Jaitley feels doorstep banking will no longer remain a mere slogan, but will become a reality due to the huge India Post network in the country.

Jan 30, 2017

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Budget 2017: FRBM panel submits report on GDP, tax numbers to Arun Jaitley

The FRBM committee was constituted by the Narendra Modi government in May 2016 under the chairmanship of former MP NK Singh.

Jan 23, 2017

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India's consumer inflation for December estimated at 3.6%: DBS Bank

For November, retail (consumer) inflation fell to a two-year low of 3.63 percent, largely due to demonetisation-induced slowdown.

Jan 11, 2017

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