RBI GOVERNOR

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RBI Governor Gives These Big Signs On Repo Rate

In order to control the ever-increasing inflation in the country, in the first week of May, the Reserve Bank of India (RBI) had hurriedly called a meeting of the MPC and increased the repo rates by 0.40 percent. At the same time, RBI Governor Shaktikanta Das has again indicated an increase in policy rates.  After …

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Economy is in Better Shape, We Are Ready To Deal With Any Challenge: RBI Governor

Economy is in Better Shape, We Are Ready To Deal With Any Challenge: RBI Governor

Reserve Bank of India Governor Shaktikanta Das on Monday said the country’s economy is in a better shape despite the challenges posed by the Russia-Ukraine war and the RBI will ensure sufficient liquidity to support the economy. He said that the challenges that remain for the world at this point of time are the rise …

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RBI notifies market making plan to promote retail participation

“RBI notified Retail Direct Scheme – Market Making” RBI notifies market making plan to promote retail participation in G-Secs. The Reserve Bank of India (RBI) vide notification no. RBI/2021-22/147 IDMD. PDRD. No. S1617/03.64.023/2021-22 on 04th day of January, 2022 has introduced the market making scheme to with an objective to promote retail participation in government …

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RBI Bans Haribhakti & Co From Undertaking Audits For Two Years

The Reserve Bank of India’s Central Board approved the transfer of ₹99,122 crore as surplus to the Central Government

The 589th meeting of the Central Board of Directors of Reserve Bank of India was held today under the Chairmanship of Shri Shaktikanta Das, Governor, through video conferencing. The Board in its meeting reviewed the current economic situation, global and domestic challenges and recent policy measures taken by the Reserve Bank to mitigate the adverse …

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RBI Governor meets MDs and CEOs of NBFC- Micro Finance Institution

The Reserve bank of India Governor, Mr. Shaktikanta Das on Monday met Managing Directors (MD) and Chief Executive Officers of Non- Banking Financial Company- Micro Finance institution (NBFC- MFI) via video conference. The meeting was attended by Deputy Governors M K Jain and Dr M D Patra and a few other senior officials of RBI. …

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Indian economy will run in double digit, leading to reform: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das held a press conference on Friday in which he said that the RBI has not changed the interest rates, which means the repo rate will still remain at 4 per cent and reverse repo rate at 3.35 per cent. Address by Shri Shaktikanta Das, Governor, Reserve Bank of India https://t.co/Yr2FmWVd30 — …

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RBI Governor Shaktikanta Das’s big talk on GDP, RTGS, repo rate, bank loan.

RTGS facility in India will be started 24 hours from December next. RTGS is open from 7 am to 6 pm on all working days of the banks (except the second and fourth Saturdays). The Reserve Bank has retained the repo rate at 4% and the reverse repo rate at 3.35%. There was no change …

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RBI asks HDFC to stop new digital business launches and avoid adding new Credit Card customers

RBI governor gives good news, RTGS service will be available 24 hours from December -2020

Reserve Bank of India Governor Shaktikant Das has announced after the monetary policy review meeting on Friday that the real time gross settlement (RTGS) facility in the country will be made available 24 hours from December 2020. RTGS is a major service for online fund transfer. Earlier, RBI has instructed all banks to make free …

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