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R.B.I.
Indian economy exhibited stronger pick up than expected : Shaktikanta Das
The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday.Addressing the 4th Annual Day of Foreign Exchange Dealers' Association of India…
India enters into technical recession for first time: RBI Report
India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI).RBI's Economic Activity Index estimates that India's GDP growth…
Banks free to provide funds to Amrapali projects, RBI tells SC
The Reserve Bank of India on Tuesday informed the Supreme Court that banks are free to decide on the aspect of financing the Amrapali projects in accordance with their commercial judgements.A bench comprising Justices U.U. Lalit and Ashok…
RBI retains lending rates but gives optimistic outlook
Persistently high inflation fanned in part due to supply side disruptions along with seasonal factors led the Reserve Bank of India to maintain the key lending rates.Accordingly, the Monetary Policy Committee of the central bank in its…
‘Corporate vultures eying small banks, merge LVB with govt bank’
The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank, a top leader of one of the largest bank unions said."There are a number of corporate…
Covid-impacted economy may see gradual recovery : Shaktikanta Das
The recovery of the Indian economy reeling from the impact of the Covid-19 pandemic will be gradual, RBI Governor Shaktikanta Das said on Wednesday.Addressing the FICCI National Executive Committee Meeting, the central bank chief said that…
‘Well-thought-out’ plan must to deal with loan defaults : Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that as the payment moratorium allowed by the central bank, along with other repayment relaxations, comes to an end and several entities are expected to default, the government should come up with…
No regulatory easing post Covid containment : RBI Guv to banks, NBFCs
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that after containment of spread of the novel Coronavirus, the financial sector will have to return to its normal operations on their own and without regulatory…
Rs 2,000 currency notes not printed in FY20 : Reserve Bank of India
Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI).The central bank's Annual Report for 2019-20 also showed that the supply of banknotes during the period was lower by…
Independent regulator needed for targeted public investment : RBI
The Reserve Bank of India has called for setting up an independent regulator for targeted public investment to revive and crowd in private investment.In its Annual Report 2019-20, it said that targeted public investment funded by…