Monday, October 18, 2021
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RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.

Atanu Chakraborty appointed as part-time chairman of HDFC

Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020

India’s forex reserves jump $1.19 billion

In the week ended April 16, 2021, the increase in reserves was mainly due to a rise in foreign currency assets (FCAs), a major component of the overall reserves

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh

The RBI's decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India.

Forex reserves surge by $4.34 bn

In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion

RBI targets 5.2 per cent retail inflation for first half of FY22

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.

Rupee slumps 24 paise to 73.66 against US dollar in early trade

Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.

RBI keeps interests rates unchanged

The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.

Indian rupee logs over 4% gain this fiscal

The financial year 2020-21 has been a roller-coaster ride for the rupee due to Covid-19. The pandemic-induced massive sell-off in the equity market led the rupee breach record low of 76.90.

RBI told to protect cooperative principles

National Federation of State Cooperative Banks Limited (NAFSCOB) Chairman Konduru Ravinder Rao has stressed the need to safeguard the cooperative principles and spirit and also the farming sector.

Telangana High Court raps Marketing officials

The panel did not trust the assurance given by the Special Government Pleader on behalf of the Department of Marketing.

RBI strengthening institutional mechanism to prevent bank frauds: FM

The finance minister said the capacity of the RBI's regulatory and supervisory staff is being strengthened with specially tailored courses.

CPI averages 3.9 per cent during Oct 2016-Mar 2020

The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31

Economy on the cusp of recovery

Banks and non-banks must use liquidity windows and newfound demand for credit to push economic revival aggressively

Current inflation target appropriate for next 5 years: RBI report

The country adopted the FIT framework in 2016, and the next review of the inflation target is due before March 31, 2021

Disconnect between financial markets, real economy: Sebi Cheif

He said the heavy fall in markets, followed by quick gains on the equity benchmarks since the onset of the pandemic is the sharpest V-shaped recovery in the last 30 years.

Time to bank on MSME growth

With bad loans set to move to the proposed ARC, banks can turn their focus back on lending to MSMEs

Indian economy to contract by 7 per cent in FY21: SBI Research

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers.

Govt to work with RBI for execution of bank privatisation plan: Sitharaman

"The details are being worked out. I have made the announcement but we are working together with the RBI," she said, when asked about the proposal.

Cyberabad Police chalk out blueprint to check instant loan frauds

Cyberabad CP Sajjanar and officers of Hyderabad, Cyberabad and Rachakonda police commissionerates dealing with the instant loan app frauds held a coordination meeting with the RBI-appointed officials on Friday.

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