Tag: RBI
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RBI appoints Manoranjan Mishra as Executive Director effective from Nov 1
[ad_1] The Reserve Bank of India (RBI) on Wednesday announced the appointment of Manoranjan Mishra as Executive Director (ED) with effect from November 1, 2023. As the ED he will be looking after the Enforcement Directorate, Risk Monitoring Department and Department of External Investments & Operations. Before taking charge as the Executive…
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Q2 GDP numbers to surprise on the upside: RBI governor Shaktikanta Das
[ad_1] Economic growth in India in the second quarter this financial year is likely to surprise on the upside, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday. Speaking at the Business Standard BFSI Insight Summit, Das said: “Looking at the momentum of economic activity, looking at a few early indicators,…
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TDB to deposit 500 kg of gold in RBI for an annual interest of ₹6 crore
[ad_1] The Travancore Devaswom Board (TDB) will deposit 500 kg of gold in its possession in the Reserve Bank of India (RBI) for a five-year term. TDB president K. Ananthagopan said the Board will earn an annual interest of ₹6 crore. Devotees frequenting TDB-owned temples in the State offer much of the gold as ornaments.…
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RBI raises guardrails ahead of global index inflows, may sell bonds
[ad_1] India’s central bank added more firepower to its inflation-busting toolkit as the nation’s entry into global bond index is set to test policymakers’ resolve to manage billions of dollars of inflows that could further fan price pressures. The Reserve Bank of India may consider selling bonds to sponge off surplus cash, Governor…
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Last Date To Exchange ₹ 2,000 Notes At Banks Extended Till October 7: RBI
[ad_1] New Delhi: The Reserve Bank of India (RBI) has announced an extension of the last date to exchange ₹2,000 notes at banks until October 7, as per a statement released today. Notably, the ₹2,000 note will continue to be valid even after the exchange deadline lapses, extending beyond the previous cutoff date, which was…
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RBI keen on strengthening its partnership with UAE to promote digital payments in both countries: Indian Official – Business – Economy and Finance
[ad_1] Shri Gunveer Singh, Chief General Manager of the Reserve Bank of India’s Department of Payment and Settlement Systems, said that India is looking forward to more meaningful cooperation with the UAE in the field of digital payments. Speaking to the Emirates News Agency (WAM) on the sidelines of the G20 Summit in New Delhi,…
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RBI to discontinue I-CRR: What does it mean and what would be its impact? | Explained News
[ad_1] The Reserve Bank of India (RBI) on Friday (September 8) announced that it would discontinue the incremental cash reserve ratio (I-CRR) in a phased manner. The central bank will release the amount which banks have maintained under I-CRR in stages. The I-CRR was introduced on August 10, 2023, by the RBI to absorb the…
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RBI not thinking of withdrawing Rs 500 notes, or re-introducing Rs 1,000 notes: Shaktikanta Das
[ad_1] Reserve Financial institution of India (RBI) Governor Shaktikanta Das on Thursday mentioned that the central financial institution will not be considering of withdrawing Rs 500 notes, or re-introducing notes in Rs 1,000 denomination, and requested the general public to not speculate. In a post-MPC press convention, RBI Governor Das mentioned, “Rs 1.80 lakh cr…
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RBI Likely To Maintain Pause On Interest Rate As Inflation Moves Southwards: Experts – Jammu Kashmir Latest News | Tourism
[ad_1] Mumbai, Jun 3: The Reserve Financial institution of India (RBI) will keep the coverage repo fee at 6.5 per cent throughout its upcoming June 8 announcement, contemplating the easing of retail inflation in April and the potential for additional decline, indicating the effectiveness of earlier coverage fee actions, anticipate specialists.Headed by Reserve Financial institution…