Tag Archives: RBI

Ghate, Patra among candidates for RBI dy guv post

Protecting depositors, taxpayers is public interest RBI

New Delhi, The Financial Sector Regulatory Appointment Search Committee (FSRASC) is understood to have interviewed 10 candidates including RBI’s Executive Director Michael Patra and external MPC member Chetan Ghate among 3 other economists, two IAS officers for RBI’s deputy governor’s …

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RBI enhances PMC Bank withdrawal limit to Rs 50,000

Protecting depositors, taxpayers is public interest RBI

Mumbai,  Following a review of the crisis-ridden Punjab and Maharashtra Cooperative Bank’s (PMC’s) liquidity position, the Reserve Bank of India (RBI) on Tuesday raised the withdrawal limit for bank depositors to Rs 50,000. The RBI said this would enable more …

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FSDC mulls upon revisiting laws to detect early signals of instability

Protecting depositors, taxpayers is public interest RBI

Mumbai,  The Financial Stability and Development Council (FSDC) of the RBI on Friday reviewed recent developments in global and domestic economies and deliberated upon revisiting some existing laws to detect early warnings of instability. The FSDC Sub-Committee discussed measures to …

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RBI hikes withdrawal limit in PMC Bank to Rs 10k

Protecting depositors, taxpayers is public interest RBI

Mumbai,  Providing relief to the customers, the Reserve Bank of India (RBI) on Thursday hiked the withdrawal limit from Rs 1,000 to Rs 10,000 per bank account in the sanction-hit Punjab and Maharashtra Cooperative (PMC) Bank. The RBI Chief General …

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RBI’s RMBS suggestions to help ease credit challenge: Moody’s

Protecting depositors, taxpayers is public interest RBI

New Delhi,  The Reserve Bank of India (RBI) Housing Finance Committee’s recent recommendations on Indian residential mortgage-backed securities (RMBS) have the potential to alleviate key credit challenges associated with the sector, US rating agency Moody’s Investors Service said on Monday. …

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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI

Protecting depositors, taxpayers is public interest RBI

Mumbai,  Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore, according to RBI data published in the Handbook …

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Avoid farm loan waivers: RBI’s internal working group

Protecting depositors, taxpayers is public interest RBI

Mumbai, An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers. According to the report of the ‘Internal Working Group to Review Agricultural Credit’, Central …

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RBI working with regulators for securities lending product: DG

Protecting depositors, taxpayers is public interest RBI

Mumbai,  The Reserve Bank of India is currently working with other financial sector regulators like Sebi, PFRDA and Irda to develop an interest rate market where mutual funds, pension and insurance funds could participate in securities lending to deepen market …

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PhonePe, Paytm have till February 2020 to update KYC

Protecting depositors, taxpayers is public interest RBI

New Delhi, With the Reserve Bank of India (RBI) extending the deadline for mobile wallets to become fully Know Your Customer (KYC) compliant, people using PhonePe, Paytm, Amazon Pay or other such wallets will have no troudble doing their transactions …

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Sharp rise in RBI income led to record surplus transfer: Kotak

Protecting depositors, taxpayers is public interest RBI

New Delhi,  The Reserve Bank of India’s (RBI) sharp increase in income led it to transfer a record high surplus of Rs 1.76 trillion (lakh crore) to the government, Kotak Securities said on Friday. According to the Kotak report, RBI’s …

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