"The Reserve Bank follows latest global prescriptions and best practices, and pursues standardisation across domains to generate consistent, comparable and harmonised statistics," says RBI Governor
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The posters are in the form of QR code sheets used by fintech companies for accepting online payments. 'PhonePe' could be clearly seen written on top of those posters
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The participation for the issuance came from domestically qualified institutional investors
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After considering the banks' responses to the notices, RBI concluded that the charges of non-compliance were substantiated and warranted the imposition of monetary penalties on these banks
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Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company on the deft handling of the country’s economy by the RBI amid uncertainty
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The fundraising is set up to align with the anticipated generation of cash flow and lower total costs, which is in line with RIPL's improving financial profile
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This will serve as a conduit for public seed capital to fund rebuilding projects
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The objective of introducing Rs 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities
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The return on assets to be steady at 1.1 per cent as lower credit costs provide an offset, according to the Crisil
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Moody’s says that credit conditions in India have gradually improved, with a significant reduction in the banks' stock of legacy problem loans over the past three years
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