Tuesday, October 19, 2021

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Reserve Bank of India

RBI refutes rumours of closure of 9 commercial banks

RBI has issued a statement clarifying that the rumours of commercial banks closing down are false

RBI puts restrictions on Punjab and Maharashtra Cooperative Bank, account holders can’t withdraw more than Rs 1,000

Punjab and Maharashtra Cooperative Bank account holders can't withdraw more than ₹1000

No, Rahul Gandhi, the govt is not ‘stealing RBI money’: Here are the facts

The RBI act, 1934, mandates the central bank to transfer surplus amount it profited to the centre

RBI to transfer surplus of Rs 1.76 lakh crore to the government as per Bimal Jalan Committee recommendation

RBI found that it has more capital than required, and decided to transfer the excess amount to the government

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

Urjit Patel held dilatory tactics adopted by the regulator, government and the banks till 2014 responsible for the looming NPA crisis

RBI Deputy Governor Viral Acharya resigns, six months prior to scheduled end of term

Acharya reportedly had a difference of opinion with Reserve Bank Governor Shaktikanta Das over easing of interest rates to boost economic growth.

RBI cuts repo rates for third time in a year; alters policy stand to ‘accommodative’

The RBI has delivered a rate cut of 25 bps, making it three consecutive rate cuts in a year

Union Minister Arun Jaitley tears into ‘Institutions are under attack’ narrative

Union Minister Arun Jaitley analyses the 'Institutions are under attack' argument and clears the air.

RBI Policy: Repo rate cut by 25 bps, GDP projected at 7.4%, EMIs may come down

The RBI has also brought down the Repo rate by 0.25 basis points bringing it from 6.5% to 6.25%

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