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Latest Articles in reserve bank of india

‘RBI Likely To Cut Repo Rate By 25 Bps In August 2017 Policy Review’

However, the decision is unlikely to be unanimous and the tone of the policy document may not signal that further cuts would be forthcoming

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19% Of Indian Population Remains Unbanked

Despite the efforts of the government, significant portion of Indian population still remains devoid of access to basic formal credit facilities

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FM Introduces Bill To Replace Banking Regulation Ordinance

The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year

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Canara Bank's Gross NPA Divergence Rs 507 Crore For FY16

The RBI assessed the bank's gross NPAs at Rs 32,145.13 crore, higher by Rs 507.30 crore than the bank's estimates, as on March 31, 2016, the report said

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Nepalis, Saddled With banned Indian Rupee Notes, Risk Losing Savings

In March, RBI officials visited Nepal and promised to allow every Nepali citizen to exchange Rs 4,500 ($70) worth of the old notes for new ones

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IBC: Banks To Set Aside Rs 18,000 Cr In FY18, Expect 25% Profit

Indian banks need to provide a bare minimum Rs 18,000 crore additionally towards the 12 accounts identified by the Reserve Bank of India (RBI) for reference to the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) in FY18

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'Indian Banks Need At Least $2.8 Billion Extra Provisioning For Bankruptcy Cases'

India Ratings, an affiliate of Fitch Ratings, estimated the current average provisioning towards those 12 accounts at 42 per cent

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Referring To IBC Will Deteriorate Company Operations, Says Essar Steel

The Gujarat high court on Monday dismissed Essar Steel's petition that had challenged the RBI's directive to banks for initiating insolvency proceedings against the company. The High Court also said in oral order that, "No relief will be granted to Essar."

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Bank of India Expects To Return To Black In Q2

As per RBI norms, the bank was supposed to be under threshold one of prompt and corrective action (PCA).

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Small Perhaps, But Significant

Reserve Bank of India’s deputy governor, S. S. Mundra, pointed out that MSME’s can generate plenty of jobs in hospitality, apparel manufacturing, food-processing and so on

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Sensex Breaches 32000 Mark For First Time, Nifty At Fresh High

A positive lead from Asia after US Federal Reserve chief indicated a gradual approach to raising US interest rates made investors here go in for fresh bets.

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June Retail Inflation At New Low Of 1.54%

"The number of 1.54 per cent is historically low and reflects the firm and ongoing consolidation of macro economic stability," Chief Economic Adviser Arvind Subramanian told reporters.

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Gross NPA Divergence At Rs 6,816 Crore By March 2016: IDBI Bank

As of March 31, 2016, the bank had reported gross non-performing assets (NPAs) or bad loans to the tune of Rs 24,875.07 crore, according to the bank's annual report for 2016-17.

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