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Cabinet approves Consolidation of 10 Public Sector Banks into 4
Ministry of FinanceCabinet approves Mega Consolidation in Public Sector Banks {PSBs} with effect from 1.4.2020.Government transforms PSB landscape with consolidation of ten PSBs into four with effect...
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Govt puts in place measures to protect Commercial decision making by Banks
Ministry of FinanceGovernment puts in place measures to protect Commercial decision making by BanksPosted On: 28 JAN 2020 2:15The Finance Minister has repeatedly assured Bankers that adequate measures...
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Steps taken for Prevention of Fraudulent Banking Practices
The Ministry of Finance has taken number of steps to eliminate fraudulent banking practices. This was stated by Shri Anurag Thakur Minister of State for Finance & Corporate Affairs in a written reply...
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RBI supersedes Board of PMCB Bank Ltd. Mumbai
RBI supersedes the Board of Punjab and Maharashtra Cooperative Bank (PMCB) Ltd. MumbaiMinistry of Agriculture & Farmers WelfarePress NotePosted On: 30 SEP 2019The Reserve Bank of India (RBI) vide its...
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Draft RBI Guidelines for ‘on tap’ Licensing of Small Finance Banks in Private Sector
Reserve Bank of IndiaDraft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private SectorSeptember 13, 2019I. IntroductionThe Reserve Bank had issued the Guidelines for Licensing of ‘S...
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Statement by Governor -Third BI-monthly Monetary Policy, 2019-20
Reserve Bank of IndiaThe Monetary Policy Committee (MPC) met on 5th, 6th and 7th August, 2019 and deliberated over the evolving macroeconomic outlook, against the backdrop of recent developments and i...
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Promotion of Cashless Transactions
As per Reserve Bank of India (RBI) guidelines, banks issue debit cards to customers in accordance with their Board approved policy.As per Reserve Bank of India’s (RBI’s) Master Direction on Know Your...
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Steps taken to expedite and enable resolution of NPAs and recovery
NPA accountsIn terms of Reserve Bank of India (RBI)’s master circular dated 1.7.2015 on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances, an asset b...
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List of Small Finance Banks, Payments Banks & New Private Sector Banks
Ministry of FinanceNew Banking LicensesDated: 24 JUN 2019Reserve Bank of India (RBI) has issued Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, dated August 1, 2016 for gra...
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HDFC Obtained the RBI Nod to hold stakes in Bandhan Bank
Pawneshwar Dutt RaiThe Reserve Bank of India (RBI) granted its approval to HDFC Bank last week to acquire a share of maximum 9.9% of the Bandhan Bank paid-up capital, with effect from the date of the...
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Global Risks and Policy Challenges facing Emerging Market Economies
Reserve Bank of IndiaGlobal Risks and Policy Challenges facing Emerging Market Economies (Shri Shaktikanta Das, Governor, Reserve Bank of India – April 12, 2019 – Delivered at the event “Governor Talk...
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Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019
RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934The Reserve Bank of India today released Draft Rupee Interest Rate Derivatives...
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Governor’s Statement on Framework for Resolution of Stressed Assets
Reserve Bank of IndiaDate : Apr 04, 2019Governor’s Statement on Framework for Resolution of Stressed AssetsHon’ble Supreme Court has held the RBI circular dated February 12, 2018 on Resolution of Stre...
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Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019
Date : Apr 03, 2019RBI releases Draft Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019 under section 45 W of the RBI Act, 1934The Reserve Bank of India today released Draft Rupee Intere...
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Opportunities and Challenges of FinTech
RESERVE BANK OF INDIADate : Mar 25, 2019Opportunities and Challenges of FinTech(Shri Shaktikanta Das, Governor, Reserve Bank of India – March 25, 2019 – Keynote Address Delivered at the NITI Aayog’s F...
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FDI Policy on E-Commerce effective from February 01, 2019
Press Information BureauGovernment of IndiaMinistry of Commerce & IndustryDated: 04-February-2019FDI Policy on E-CommerceIn order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2...
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Reflections on Current Policy Issues Facing Indian Economy
Reserve Bank of IndiaDate : Jan 18, 2019Reflections on Current Policy Issues Facing the Indian Economy(By Shri Shaktikanta Das, Governor, Reserve Bank of India, delivered at the Investors’ Roundtable,...
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Powers of Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks. Under the provisions of the Banking Regulation Act, 1949, it can, inter alia―i. inspect the bank and it...
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DIPP clarifies on FDI policy on e-commerce after recent media reports
Government of IndiaMinistry of Commerce & IndustryDepartment of Industrial Policy & PromotionDated: 04-January-2019Response to comments reported in the media on Press Note 2 (2018)Contents [hide]Respo...
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Law to check scams in Banks
The Government has initiated formulation of laws to secure prudential banking and help effect a culture of credit discipline, including, inter alia, in terms of the following:-i. Insolvency and Bankru...