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The Reserve Bank Of India

The Reserve Bank Of India

The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.

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TN Congress distributes ration, relief material to needy amid lockdown
National

TN Congress distributes ration, relief material to needy amid lockdown

Tamil Nadu Congress leaders distributed ration and other relief material among the needy people in Anna Nagar area of Chennai, at the residence of party leader Peter Alphonse amid the countrywide lockdown.

Modi govt brings cooperative banks under RBI's regulation
Business

Modi govt brings cooperative banks under RBI's regulation

The Narendra Modi government has taken a major step to reform the cooperative banks of the country. Now the banking operations of as many as 1540 cooperative banks of the country have come under the regulation of the Reserve Bank of India (RBI).

Worried over RBI order on Raghavendra Co-op bank, depositors queue up outside its branches
National

Worried over RBI order on Raghavendra Co-op bank, depositors queue up outside its branches

After the Reserve Bank of India (RBI) has restricted the Sri Guru Raghavendra Co-operative Bank from doing business with immediate effect and capped withdrawal limit at Rs 35,000, the depositors on Tuesday queued up outside branches of the bank in Bengaluru.

Michael Debabrata Patra named deputy governor of RBI
National

Michael Debabrata Patra named deputy governor of RBI

The government on Tuesday approved appointment of Michael Debabrata Patra as the new deputy governor of the Reserve Bank ...

Telecom tariff hike may add to inflation: Shaktikanta Das
National

Telecom tariff hike may add to inflation: Shaktikanta Das

Raising concerns of higher inflation in the near term, Reserve Bank Governor Shaktikanta Das on Thursday observed that recent announcements by the telecom operators to raise tariffs will add to the inflation rate in the country.

Three years of DeMo: Cash circulation continues to thrive
Business

Three years of DeMo: Cash circulation continues to thrive

Government's core objective of carrying out demonetisation three years ago, has remained unfulfilled, as data showed an increase in the level of hard currency in the system.

Policy space exists to address growth concerns: RBI Governor
Business

Policy space exists to address growth concerns: RBI Governor

In what could mean further rate cuts by India's central bank, RBI Governor Shaktikanta Das has said at the bi-monthly monetary policy committee (MPC) meeting here earlier this month that "there is policy space to address growth concerns", according to the minutes of the MPC meeting released on Friday.

SC notice on plea to deposit Rs 1.17 crore banned notes
National

SC notice on plea to deposit Rs 1.17 crore banned notes

The Supreme Court has issued a notice to the Centre on a plea by a Tamil Nadu-based businessman who failed to deposit Rs 1.17 crore in scrapped currency notes within the stipulated time frame in December 2016.

The road to $5 trillion economy with 5% growth rate?
Business

The road to $5 trillion economy with 5% growth rate?

The NDA government's ambitious target of reaching the $5 trillion economy in the next five years just got a reality check.

Prospect of G-secs rally as yield on 10-year GoI bond falls
National

Prospect of G-secs rally as yield on 10-year GoI bond falls

The 10-year government bond yield fell another 8 basis points on Tuesday to hit a three-week low after the Reserve Bank of India (RBI) said it would transfer Rs 1.76 lakh crore surplus to the government this fiscal, removing worries over the Centres fiscal deficit target for this financial year.

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