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“ICC is cautiously optimistic” on the hike in repo rate

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President ICC Mr. Pradeep Sureka on the hike in repo rate has commented, "RBI hikes repo rate to contain inflation. Hence, ICC is cautiously optimistic about RBI’s unscheduled move to hike the repo rate...
The Prime Minister, Shri Narendra Modi addressing at the launch of the RBI Retail Direct Scheme & Reserve Bank- Integrated Ombudsman Scheme, through video conferencing, in New Delhi on November 12, 2021.

PM Modi launches two innovative customer centric initiatives of RBI

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PM launches two innovative customer centric initiatives of RBI“One of the biggest touchstones of a democracy is the strength of its grievance redressal system. The Integrated Ombudsman Scheme will go a long way in...
ICC

BI-MONTHLY MONETARY POLICY REVIEW OF RBI

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BI-MONTHLY MONETARY POLICY REVIEW OF RBI At bi-monthly monetary policy review today, RBI has projected India's GDP growth at 9.5 percent for the ongoing Financial Year of 2021-2022. Indian Chamber of Commerce (ICC) highly appreciates Apex...
RBI - Central Bank of India

RBI Monetary Policy Committee keeps Repo rate unchanged at 4%

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RBI Monetary Policy Committee keeps Repo rate unchanged at 4%Economy projected to grow at 9.5% in 2021-22Rs. 15,000 crore liquidity support to contact-intensive sectors like hotels, tourism, etc.Additional Measures to boost credit for MSMEs,...
Zarin Daruwala, CEO, India, Standard Chartered Bank

Quote of Zarin Daruwala, CEO, India, Standard Chartered Bank on today’s RBI announcements

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April 17, 2020 Zarin Daruwala, CEO, India, Standard Chartered Bank, said, “Within a month, the RBI has delivered a second booster shot to the economy. RBI’s decisive measures have sent out a clear pro-growth message. The easing...
PM lauds measures announced by RBI today; will enhance liquidity and improve credit supply, says PM

PM lauds measures announced by RBI today; will enhance liquidity and improve credit supply,...

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By PIB Delhi The Prime Minister, Shri Narendra Modi lauded the announcements made by RBI today and said these measures will enhance liquidity and improve credit supply. In a tweet, PM said, “Today’s announcements by @RBI will greatly...
Bank of Baroda

Bank of Baroda links retail interest rate to RBI Repo Rate

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Bank of Baroda links retail interest rate to RBI Repo Rate Launches new home loan variant to pass on the transmission of rates Mumbai, August11, 2019:  Bank of Baroda, India's second-largest public sector bank, has introduced a...
Books - Friend for Life

শিক্ষা ঋণ প্রকল্প গ্রহণ করার জন্য সমস্ত বাণিজ্যিক ব্যাঙ্কগুলিকে পরামর্শ আরবিআই র

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শিক্ষা ঋণ By PIB Kolkata নয়াদিল্লি, ২৫ জুন ২০১৯ রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া (আরবিআই) ২০০১ সালে ইন্ডিয়ান ব্যাঙ্কস্‌ অ্যাসোসিয়েশনের প্রণয়ন করা শিক্ষা ঋণ প্রকল্প গ্রহণ করার জন্য সমস্ত বাণিজ্যিক ব্যাঙ্কগুলিকে পরামর্শ দিয়েছে। ইন্ডিয়ান ব্যাঙ্কস্‌ অ্যাসোসিয়েশন (আইবিএ) স্টেট...
RBI - Central Bank of India

Status Report in Chit Fund Scam – SARADA and others like scams

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Status Report in Chit Fund Scam  The following Status Report has been received from Regulators and Enforcement Agencies: As informed by the Reserve Bank of India (RBI), 978 cases of unauthorized collection of funds were discussed...
Managing Director & CEO, Bank Of India Shri Dinabandhu Mohapatra (2)

Bank Of India organized Business Review Meet in Kolkata

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Bank Of India organized Business Review Meet in Kolkata Kolkata, 19th May 2018: Bank Of India one of the largest PSU bank and first Indian bank to open an overseas operation has come a long way in...
RBI - Central Bank of India

Government and RBI have taken all steps to meet unusual demand of the currency –...

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Government reviews the currency circulation in the country  Government and RBI have taken all steps to meet unusual demand of the currency  Adequate reserves of currency to meet the rising demands  Non Functional ATMS to be normalized...
RBI - Central Bank of India

Reserve Bank of India (RBI) guidelines – banks are to have a loan recover policy

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Loan Recoverability of Banks  As per Reserve Bank of India (RBI) guidelines, banks are to have a loan recover policy, prepared and duly vetted by their boards. A number of mechanisms are available to banks to effect...
MCCI Regulations and Financial Stability Pic 4

Cyber Crime is the biggest threat for modern banks – RBI Deputy Governor alerts...

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Shri N.S. Viswanathan made a statement which is very important post ransomeware virus attack in the world. In a seminar on "Regulations and Financial Stability" organized by Merchants Chamber of Commerce and Industries  at...
Gold

Sovereign Gold Bond (SGB) scheme available on a weekly basis

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The Government of India in consultation with Reserve Bank of India (RBI) has decided to initiate the Sovereign Gold Bond (SGB) scheme on a weekly basis, beginning from October 09th, 2017 onwards.  The modifications...
Bandhan Bank 2 Years Celebration 6

People’s own bank “Bandhan Bank” Celebrated 2nd Year Anniversary – Ex RBI Governor Dr. D....

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Dr.  D. Subbarao, Former RBI Governor, delivers inaugural Bandhan Bank Anniversary Lecture Kolkata, August 23, 2017: When Monali Thakur rocked the stage and every one started dancing on the floor during the 2nd anniversary of...
NABARD - 36th Foundation Day

NABARD celebrated 36th foundation day with the SHGs of Bengal at Kolkata

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NABARD celebrated 36th foundation day with the SHGs and awarded some of the winning performer with the mementos and certificate. Chief Guest of Honor Shri Purnendu Basu MIC Agriculture along with CGM NABARD A.K.Raybarman,CGM SBI...
Gold

Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme...

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Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds...
Gold

India Gold Bond Update – Government to issue Sovereign Gold Bonds 2016 -17

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Government to issue Sovereign Gold Bonds 2016 -17 – Series IV; Applications for the bond to be accepted from February 27, 2017 to March 03, 2017 Government of India, in consultation with the Reserve Bank...
Black Money

Amounts exceeding Rs.5000 in old notes can be deposited only once between now and...

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Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016 The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time...
Black Money

RBI Guideline for Marriage related withdrawal of money from bank till 30th Dec 2016

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RBI issued fresh notice for withdrawal of 2.5 lakhs as expense for marriage from banks ony from KYC complaint accounts. Full text of the notice: RBI/2016-17/145 DCM (Plg) No.1320/10.27.00/2016-17 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer, Public...

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