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Modi Govt monitoring transmission of repo rate cut by banking sector: FM Sitharaman

Modi Govt monitoring transmission of repo rate cut by banking sector: FM Sitharaman

Fri, Jun 19, 2020

Finance Minister Nirmala Sitharaman has said that the Narendra Modi Government is closely monitoring transmission of repo rate cuts by the banking sector and recognising efforts in scripting India’s growth story.

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Real estate funding to be discussed in RBI board meeting tomorrow

Real estate funding to be discussed in RBI board meeting tomorrow

Thu, Dec 12, 2019

Reserve Bank central board meeting is going to take place in Bhubaneswar on December 13. The focus of the meeting will be real estate and NBFC's.

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RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations

RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations

Sat, Mar 09, 2019

Reserve Bank said it has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks for non-compliance in SWIFT operations

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PNB fraud: Banks told to link CBS with SWIFT system

PNB fraud: Banks told to link CBS with SWIFT system

Sat, Feb 24, 2018

Indian Banks Association (IBA) chairperson Usha Ananthasubramanian said there is an urgency to fast-track SWIFT-CBS linkage

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Nirav Modi fraud case may trigger corrective action on PNB: report

Nirav Modi fraud case may trigger corrective action on PNB: report

Thu, Feb 22, 2018

The state-run lender had detected fraudulent transactions worth Rs 11,400 crore at one of its branches in Mumbai

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Citi India bans use of debit/credit cards to buy bitcoins

Citi India bans use of debit/credit cards to buy bitcoins

Tue, Feb 13, 2018

The decision, the bank said, comes following concerns, both globally and locally including from the RBI

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RBI to have additional instrument for liquidity management

RBI to have additional instrument for liquidity management

Sun, Feb 11, 2018

The proposal forms part of the Finance Bill 2018 which is scheduled to be approved by Parliament by March 31

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Claims worth Rs 3.13 lakh cr under insolvency proceedings

Claims worth Rs 3.13 lakh cr under insolvency proceedings

Mon, Jan 29, 2018

In June last year, the Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.

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Facing margin pressure, Axis Bank ups loan rates by 5 bps

Facing margin pressure, Axis Bank ups loan rates by 5 bps

Wed, Jan 17, 2018

The move to increase MCLR comes days after the nation's largest lender SBI had lowered its rates

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RBI puts Bank of India under watch; initiates 'corrective action'

RBI puts Bank of India under watch; initiates 'corrective action'

Wed, Dec 20, 2017

In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.

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RBI allows foreign investors to up stake in Bharat Financial

RBI allows foreign investors to up stake in Bharat Financial

Wed, Dec 06, 2017

The aggregate foreign shareholding by foreign portfolios investors (FPIs) under Portfolio Investment Scheme in Bharat Financial Inclusion Limited has gone below the prescribed threshold caution limit, Reserve Bank (RBI) said in a notification.

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