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Page 34 - Latest Updates on Reserve Bank of India

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

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Updated On : 20 Sep 2022 | 3:29 PM IST

Govt may retain or cut bond borrowings for current fiscal on robust revenue

India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced

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Updated On : 20 Sep 2022 | 12:21 PM IST

Govt's intervention to protect rupee takes large bite from record reserves

While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month

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Updated On : 20 Sep 2022 | 9:44 AM IST

RBI asks urban cooperative banks to appoint compliance chiefs by April 2023

RBI said this directive should be placed in the immediate next meeting of the Board of Directors for information

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Updated On : 20 Sep 2022 | 9:01 AM IST

Currency internationalisation: India pushes for rupee trade with Cuba

In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India

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Updated On : 19 Sep 2022 | 10:53 PM IST

Surplus liquidity slumps to Rs 3K cr on tax outflows, shows RBI data

The RBI's average daily absorption of excess liquidity was at Rs 3.8 trillion during June-July against Rs 5.5 trillion in May and Rs 7.4 trillion a month ago

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Updated On : 19 Sep 2022 | 9:05 PM IST

RBI introduces compliance function for UCBs in Tier-3 and 4 categories

The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories

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Updated On : 19 Sep 2022 | 8:53 PM IST

Payment aggregator licence may open avenues beyond rail-ticketing for IRCTC

Recently secured shareholder approval to approval RBI; has database of 100 mn users

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Updated On : 19 Sep 2022 | 4:23 PM IST

Govt working on GST on crypto transactions, defining legal framework

The government is working on a comprehensive indirect tax regime for crypto assets which will check revenue loss to the exchequer

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Updated On : 19 Sep 2022 | 12:49 PM IST

IRCTC set to enter payments sector, eyes aggregator license from RBI

At present, IRCTC already has I-PAY, its in-house payment gateway

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Updated On : 19 Sep 2022 | 11:37 AM IST

Latest news LIVE: Chandigarh University closed till Saturday amid protests

From Covid to all other developments, catch all the live news updates here

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Updated On : 19 Sep 2022 | 10:07 AM IST

Top Headlines: 35-50 bps rate hike by MPC; advance tax mop-up rises 17%

The RBI's Monetary Policy Committee (MPC) is likely to lift the policy repo rate by 35-50 basis points (bps) on September 30, according to a Business Standard poll

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Updated On : 19 Sep 2022 | 7:33 AM IST

RBI mulls allowing P2P firms to diversify risks by entering secured lending

There has been exponential growth in P2P lending in recent years

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Updated On : 19 Sep 2022 | 6:10 AM IST

RBI policy: MPC may raise repo rate 35-50 bps, shows Business Standard poll

Many expect the RBI to lower the GDP growth estimate to 7%

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Updated On : 18 Sep 2022 | 10:27 PM IST

Former RBI Governor Rangarajan bats for maintaining hawkish stance on rates

Ex-RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow

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Updated On : 18 Sep 2022 | 3:35 PM IST

Card-on-file tokenisation kicks in from Oct 1: Here's all you need to know

A tokenised card transaction is considered safer as the actual details of the card will not be shared with the merchant during transaction processing

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Updated On : 18 Sep 2022 | 1:46 PM IST

RBI net-sold $19.05 billion in forex market in July to protect rupee

RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards

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Updated On : 17 Sep 2022 | 12:31 AM IST

Growth on strong footing, further tightening needed: RBI report

On the exchange rate, the report said the rupee was holding its poise, with adequate supplies of dollars

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Updated On : 16 Sep 2022 | 11:39 PM IST

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

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Updated On : 16 Sep 2022 | 11:13 PM IST

Foreign fund flows remain weak for banks despite RBI's liberal steps

The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty

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Updated On : 16 Sep 2022 | 11:02 PM IST