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RBI to set up office in Andhra after clarity over state capital
The Reserve Bank of India (RBI) has said that it will pursue the matter relating to setting up its office in Andhra Pradesh only...
SPMCIL sets up new bank note printing lines at Nashik and Dewas
Security Printing and Minting Corporation of India Limited (SPMCIL), under its modernization initiatives, has set up 'new banknote printing lines' each at Currency Note...
RBI likely to hike interest rates by up to 100 basis points in 2022
The RBI is likely to start raising the policy rate in the near future by up to 100 bps in 2022.
"In the immediate neighbourhood,...
NABARD pegs Odisha’s credit potential for 2022-23 at Rs 1.34 lakh cr
The National Bank for Agriculture and Rural Development (NABARD) has projected Odisha's credit potential for the financial year 2022-23 at Rs 1,34,665 crore, officials...
Private cryptocurrencies pose risk, prone to frauds, illegal acts: RBI report
The Reserve Bank of India on Wednesday said the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated...
Banks’ improved NPA recovery, declined loan provisioning to continue in 2022: ICRA
The recent improvement in recovery of the non-performing assets and decline in provisioning of loans in the banking sector are expected to improve further...
Industry bodies urge RBI to extend card tokenisation deadline
The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) on Wednesday urged the Reserve Bank of India (RBI)...
RBI accepts 21 recommendations on ownership of private banks
The Reserve Bank of India has accepted 21 out of the 33 recommendations submitted by an internal working group on the ownership and corporate...
Consumption demand making strong comeback: RBI Guv
Reserve Bank of India Governor Shaktikanta Das on Tuesday said that consumption demand triggered by the festive season is making a strong comeback.
Speaking at...
IOB posts Rs 376 crore net for Q2
Public sector Indian Overseas Bank (IOB) closed the second quarter of the current fiscal with a net profit of Rs 376.41 crore.
In a regulatory...