S&P Global Ratings retains India’s GDP growth at 6.8 pc for FY25, cuts China’s forecast
New Delhi, Sep 24 (IANS) S&P Global Ratings on Tuesday retained India’s growth forecast at 6.8 per cent for the fiscal 2024-25, while reducing China’s...
Tag : Reserve Bank of India
RBI inks pact to link UPI with 4 ASEAN countries for instant cross-border retail payments
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Mumbai, July 1 (IANS) Reserve Bank of India (RBI) on Monday announced that it has now joined Project Nexus with the four ASEAN countries to...
RBI sees India as an emerging global hub for chips, electronics manufacturing
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Mumbai, May 30 (IANS) India’s emerging sectors like renewable energy and semiconductors are expected to make rapid advances on the back of the recent initiatives...
Fitch sees big RBI dividend to govt as positive for India’s rating
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New Delhi, May 28 (IANS) Global rating agency Fitch views the larger-than-expected Reserve Bank of India (RBI) dividend of Rs 2.1 lakh crore to the...
RBI not thinking of moving towards de-dollarisation: Governor Das
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Davos, Jan 17 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das said that it is incorrect to say that there was a move towards...
RBI, Bank of England ink pact on sharing info
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Mumbai, Dec 1 (IANS) Reserve Bank of India (RBI) and Bank of England (BoE) on Friday signed a Memorandum of Understanding (MoU) concerning cooperation and...
RBI proposes 6-month deadline for banks to identify wilful defaulters
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Mumbai, Sep 22 (IANS) The RBI in its draft master directions issued on Thursday has proposed that lenders should label defaulting borrowers as ‘wilful defaulters’...
RBI to highlight digital payments infrastructure at G20 summit
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New Delhi, Sep 6 (IANS) The Reserve Bank of India (RBI) will highlight its digital payments infrastructure at the forthcoming G20 summit, with central bank...
Russia’s Sberbank establishes major IT unit in Bengaluru
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Bengaluru, July 21 (IANS) Sberbank’s branch in India has received permission from the Reserve Bank of India (RBI) to establish an IT unit here. The...
India’s GDP growth may even cross 7% in FY23: RBI Governor
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New Delhi, May 24 (IANS) There are chances of India’s gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the...
India’s GDP to grow at 6.2% in FY24, RBI to cut rate in Q1 2024: Morgan Stanley
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Chennai, April 21 (IANS) The full reopening of the economy last year, cyclical recovery in consumption, increased private sector capex, and acceleration on government spending will...
Bank mergers in India has resulted in increased efficiency
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Chennai, Feb 22 (IANS) Mergers of banks in India has resulted in increased efficiency for the acquirers or the merged entity and higher shareholders wealth...
RBI part of G20 Finance Track: Governor
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Chennai, Dec 7 (IANS) The Reserve Bank of India (RBI) is part of the G20 Finance Track, where Finance Ministers, Central Bank Governors of constituent nations...
RBI hikes repo rate by 35 bps
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Chennai, Dec 7 (IANS) The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Wednesday increased the repo rate by 35 basis points (bps)...
RBI’s pilot project on digital rupee to be launched on Dec 1
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New Delhi, Nov 29 (IANS) The Reserve Bank of India’s (RBI) first pilot project for retail digital Rupee (ea,-R) would be launched on December 1, 2022....
India simplifies overseas investment rules to ensure ease of doing business
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New Delhi, Aug 22 (IANS) The government has simplified the overseas investment rules with the aim of enhancing the ‘ease of doing business’ sentiment. It has...
RBI seeks regulations on cryptocurrencies : Sitharaman in Parliament
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Finance Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Reserve Bank of India (RBI) has recommended framing of regulations for cryptocurrencies....
RBI, Bank Indonesia to cooperate against money laundering, terror financing
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Chennai, July 17 (IANS) The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation...
RBI announces measures for settlement of international trade in rupees
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The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment, and settlement of exports/imports in Indian rupees. Chennai, July 12...
India, Singapore to link their Fast Payment Systems, UPI and PayNow
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Mumbai, Sep 14 (IANS) Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have agreed on a project to link their respective fast...
Indian economy reviving at unforeseen pace: RBI
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New Delhi, Dec 24 (IANS) As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that...