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SBI may implement resolution plan for Yes Bank before RBI deadline

07 Mar 2020

SBI chairman Rajnish Kumar on Saturday said the bank will try to implement the resolution plan for the rescue of Yes Bank before the RBI deadline. Buying a 49...

India’s top court strikes down RBI banking ban on cryptocurrency

04 Mar 2020

India's Supreme Court on Wednesday allowed banks to handle cryptocurrency transactions from exchanges and traders, overturning a central bank ban that dealt the thriving industry a major blow. The...

RBI steps in to calm financial markets over coronavirus

03 Mar 2020

In a bid to calm the Indian financial markets the Reserve Bank of India (RBI) on Tuesday said that it is ready to take “appropriate actions” to ensure the orderly...

Indian GDP growth slows down over virus impact

28 Feb 2020

India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles...

RBI forecasts India’s inflation in Q4 of fiscal 2020 to hit 6.5%

09 Feb 2020

Despite recent strength in India’s factory sector, the Monetary Policy Committee said economic activity in India “remains subdued and the few indicators that have moved up recently are yet to...

India’s RBI keeps interest rates on hold as inflation increases

06 Feb 2020

The Reserve Bank of India (RBI) kept rates steady and left the door open for more monetary easing on Thursday, as it sought to support faltering economic growth and avoid...

India may use more CMBs to meet debt obligations in FY21

12 Jan 2020

India’s higher market borrowings can impact the fiscal deficit. The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government...

Reviving consumption, investment still a challenge for India, says RBI

31 Dec 2019

Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge, a Reserve Bank of India (RBI) report said. The...

India’s forex reserves increase by $456 million to touch new record peak

28 Dec 2019

India’s foreign exchange reserves continued their upward trajectory during the week ended Dec.20 to touch a new record high. The Reserve Bank of India’s reserves rose by $456 million during...

Retail loans lending fraught with risks, RBI warns banks

25 Dec 2019

The Reserve Bank of India (RBI) has warned the banks on retail lending with a stress on household leverage and indebtedness. The RBI’s ‘Trend and Progress of Banking in India...

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