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Page-17 of Topic: RBI

RBI imposes fines on PPIs for violating Regulatory Guidelines

Reserve Bank of India (RBI) imposed a monetary penalty on five Pre-Paid Payment Instrument (PPI) issuers which include Vodafone’s m-pesa and Phonepe, for violating its regulatory guidelines under...

May 4, 2019

RBI to Divest its Entire Stake in NABARD and NHB

The Reserve Bank of India (RBI) has sold its entire stakes in the National Bank for Agriculture & Rural Development (NABARD) and National Housing Bank (NHB) for Rs 20...

April 25, 2019

World Economic Outlook April 2019

The International Monetary Fund (IMF) in the World Economic Outlook 2019 April report has made the following forecasts: The global growth will be 3.3% in 2019, down from...

April 10, 2019

RBI issues norms to set up Currency Chests

The Reserve Bank of India (RBI) has issued guidelines for banks to set up new currency chests. The guidelines include: Area of the strong room/ vault of at...

April 9, 2019

RBI Cuts Key Interest Rate

The Reserve Bank of India (RBI) has slashed the key interest rate, repo rate by 25 basis points or 0.25 per cent to 6 per cent and has...

April 4, 2019

PMI Reports Manufacturing Growth at Six Month Low

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) make the following observations: Amid slender increases in new orders and production, manufacturing activities slowed down to a six-month low in...

April 4, 2019

RBI tweaks NPA Disclosure Norms

The Reserve Bank of India (RBI) has brought changes to the bad loan divergence rule. The Bad loan divergence practice mandated by RBI aims at improving transparency in...

April 3, 2019

Supreme Court quashes RBI’s circular Mandating Insolvency Proceedings

The Supreme Court has struck down a February 2018 Reserve Bank of India (RBI) circular which gave lender banks six months to resolve their stressed assets or move...

April 3, 2019

RBI sets the limits for Ways and Means Advances (WMA)

The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of...

April 3, 2019

Branches of Vijaya, Dena Bank to operate as outlets of Bank of Baroda

The Reserve Bank of India (RBI) has stated that all branches of public sector lenders Vijaya Bank and Dena Bank will function as branches of Bank of Baroda...

April 1, 2019

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