This essentially means over 96 per cent of the total value of Rs 2,000 banknotes are back in the banking system
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Financial analysts and experts offer perspectives on the RBI's decision, inflation and growth projections, providing insights into India's economic future
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RBI Governor Shaktikanta Das emphasised that the MPC will continue to closely monitor inflation and is steadfast in its commitment to align it with the targeted level
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The last adjustment to this rate was an increase from 6.25 per cent to 6.50 per cent during the February 2023 meeting
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The application has industry-first elements, such as highly adaptable products that users can personalize to suit their individual needs
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Back in August 2023, the RBI introduced the UDGAM centralised web portal, which simplifies the process for individuals to search for and claim their unclaimed deposits held across various banks from a single platform
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This MoU will facilitate the users of both the countries which would be as seamless as a domestic transaction using a beneficiary identifier (mobile number/VPA)
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Reserve Bank of India Forms(RBI) working group to assess credit risk framework
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