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Reserve Bank of India

Regulatory Body in India

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Reserve Bank of India: Regulatory Body in India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik, Dewas and Mysore. .RBIestablished the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.

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Demonetisation verdict: Supreme Court backs notes ban in 4-1 majority judgment | Oneindia News*News [Video]

Demonetisation verdict: Supreme Court backs notes ban in 4-1 majority judgment | Oneindia News*News

Today, the Supreme Court backed Prime Minister Narendra Modi's 2016 notes ban in a landmark 4-1 majority judgment. The apex court said that the decision could not be faulted just because the Centre..

Credit: Oneindia     Duration: 02:23Published
Bharat Jodo Yatra: Former RBI governor Raghuram Rajan takes part | Oneindia News *News [Video]

Bharat Jodo Yatra: Former RBI governor Raghuram Rajan takes part | Oneindia News *News

Former RBI governor Raghuram Rajan on Wednesday joined Congress’s Bharat Jodo Yatra along with Rahul Gandhi. The ruling BJP attacked Rajan, saying that he facies himself as the next Manmohan..

Credit: Oneindia     Duration: 01:47Published

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RBI and SEBI must probe reasons for fall in Adani shares: Cong leader Mallu Ravi


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Cong seeks 'serious' probe by SEBI, RBI against Adani group


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Congress demands SEBI, RBI probe into Hindenburg charges against Adani Group

"Has the Modi government chosen to turn a blind eye towards illicit activities by its favourite business group?," said Congress leader Jairam Ramesh.
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"Was Messi..." RBI Governor comes up with witty reply to 'history major' taunt

RBI Governor Shaktikanta Das asks if Messi was also a post-graduate in history on the 'history major central bank governor' taunt.
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Raghuram Rajan joins Rahul Gandhi's Bharat Jodo Yatra, BJP says he 'fancies himself as the next Manmohan Singh'

Sharing an image with former RBI Governor Raghuram Rajan, Congress leader Rahul Gandhi said, "We walk for unity and to secure India's future."
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Delhi: Four arrested for cheating people posing as Finance Ministry and RBI officials in insurance fraud

Insurance scam: The accused used to approach victims through a letter which had a forged sign of the Finance Minister, police said.
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Supreme Court reverses judgement on demonetisation, asks centre and RBI for records

Supreme Court has reversed the centre's decision to demonetise Rs 1000 and Rs 500 notes in 2016.
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SC reserves order on demonetisation plea, asks Centre, RBI to present related records

The Supreme Court on Wednesday asked the Centre and Reserve Bank of India to place before it the records pertaining to the 2016 demonetisation decision in a sealed envelope. Hearing a batch of..
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Supreme Court grants four more weeks to CBI to file reply on Swamy's plea for probe into role of RBI officials in bank scams


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Government: Demonetisation due to big rise in Rs 500/1,000 notes

The Centre on Wednesday told the Supreme Court that a massive increase in the circulation of currency notes of Rs 500 and Rs 1,000 denomination was one of the prime factors influencing the Reserve Bank..
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Demonetisation a 'well-considered' decision to combat black money, terror financing: Centre tells SC

The 2016 demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told..
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DNA Explainer: What is process of designing Indian currency notes and who does it

If the design of the rupee note needs to be modified, the Department of Currency Management of the RBI is in charge of doing so.
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Can photos of freedom fighters, deities be printed on currency notes? Know RBI rules on Gandhi photo

Over the years, many politicians and leaders have made requests to print the photos of freedom fighters and Hindu gods on currency notes.
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Congress slams Centre over privatisation of banks, cites RBI report to corner govt


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India to become world's export powerhouse by 2030: RBI deputy governor

Reserve Bank of India deputy governor Michael Debabrata Patra while speaking at an event to celebrate Azadi Ka Amrit Mahotsav here on Saturday said India will become an export powerhouse of the world..
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RBI announces mechanism for rupee-based international trade settlement

An advance payment in rupees for exports from foreign buyers might be made possible via this mechanism.
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‘No debt trap’: Kerala counters RBI report


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CEA praises government's quick actions, RBI support in recovering from Covid crisis

CEA Anantha Nageswaran praised the recovery made by the country post the Covid-19 pandemic hit.
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Only success of demonetisation was 'torpedoing' of economy: Rahul attacks Centre

Gandhi on Twitter tagged the screenshot of a media report which cited Reserve Bank of India's annual report to state that there was a 100 per cent increase in fake Rs 500 notes and 50 per cent increase..
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RBI unable to convince Centre to take supply-side measures to combat inflation, will work alone now: Sources

The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went
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'India's anti-minority tag will hurt companies, damage foreign reputation': Raghuram Rajan

Former RBI chief Raghuram Rajan said that an anti-minority tag on India will damage the markets for domestic companies.
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RBI's three-day monetary policy meet to discuss key rates begins

The Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday.
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NRIs and OCIs don’t need RBI nod to buy or sell property

The Reserve Bank of India has issued a clarification that non-resident Indians (NRIs) and overseas citizens of India (OCIs) do not require prior approval of RBI for acquisition and transfer of..
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Sectors vulnerable to terrorist funding, laundering under lens

A national risk assessment (NRA) is currently under way in which central agencies, including the Reserve Bank of India, have been tasked with evaluating sectors that are vulnerable to money laundering..
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Akhilesh quotes RBI data to question govt’s growth claims


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Amid speculations of farm loans waiver, Centre clarifies stand

The government also informed about the major initiatives taken by it and the Reserve Bank of India for farmers.
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Parliamentary panel proposes RBI fund highway projects using rising forex reserves


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CII seeks Rs 3 lakh crore stimulus, RBI balance sheet expansion


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Covid-19: India crisis reveals complacency and lack of foresight, Raghuram Rajan Says

“Anybody paying attention to what was happening in the rest of the world, in Brazil for example, should have recognized the virus does come back and potentially in more virulent forms,” former RBI..
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Can’t reveal info of customers, recall RTI order, banks tell SC

Nearly six years after the Supreme Court ruled that RBI had to reveal information about functioning of banks under the RTI Act, major banks, including SBI and HDFC, on Friday urged the court to recall..
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RBI imposes restrictions on THIS bank, check important guidelines for customers here

Reserve Bank of India (RBI) has imposed a withdrawal cap of Rs 1,000 on customers of Deccan Urban Cooperative Bank.
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Bill to ban private cryptocurrency likely in budget session of Parliament

The government is set to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill during the current session of Parliament to ban private cryptocurrencies while putting in place a..
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Bank holidays in Janauary 2021: Check full list and plan accordingly

The Reserve Bank of India (RBI) has mentioned the first list of holidays when banking operations will remain closed.
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Reserve Bank of India governor Shakti Kanta Das tests positive for COVID-19

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RBI governor hints at economic revival from COVID-19

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Dissatisfied with affidavit, SC orders Centre, RBI to file comprehensive reply on loan moratorium

Observing that the affidavit did not deal with several issues in the case, a three-judge Bench, ordered the Centre and the Reserve Bank of India to file the replies by next Monday.
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SC defers hearing on loan moratorium; asks Centre, RBI to come up with concrete solutions

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Moratorium on repayment of loans extendable by two years: Centre

The Centre government and Reserve Bank of India on Tuesday informed the Supreme Court that the moratorium on repayment of loans is extendable by up to two years.
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Don’t hide behind RBI, decide on interest waiver during moratorium: SC

The Supreme Court on Wednesday came down heavily on the Centre for dithering on whether to waive interest on loans during the repayment moratorium period, which ends on August 31, or if banks should be..
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After Reserve Bank of Kailaasa, Nithyananda plans to set up Hindu parliament

Absconding godman Nithyananda now aims to follow up on his 'Reserve Bank of Kailaasa' with a Hindu parliament in the next six months, he said on Sunday.
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RBI reveals nation's mood: Rahul Gandhi

Congress leader Rahul Gandhi claimed on Friday that the RBI has revealed the "mood of the nation" saying people's confidence is at an "all-time low" and insecurity high.He also said one can expect more..
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Efforts to clean banking system cost Urjit Patel his job, claims Rahul

Congress leader Rahul Gandhi on Tuesday claimed that efforts by former RBI chief Urjit Patel to clean the banking system cost him his job. Gandhi used a news report that quoted Patel saying that the..
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RBI may need to choose between FX, bond interventions in second half - economists

The Reserve Bank of India's interventions in the foreign exchange market have helped reserves climb to a record $501.7 billion in early June, but economists say the pace of increase is likely to taper..
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India sets out proposals for tighter governance at banks

The Reserve Bank of India (RBI) proposed on Thursday stricter governance rules for commercial banks, following a series of financial and governance problems at lenders in recent months.
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Indian carmakers offer teaser loans as RBI softens stance, sources say

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Sensex, Nifty slide as RBI loan relief hits banks

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Expert views: RBI cuts rates again to cushion virus impact

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Expert views: RBI unexpectedly slashes repo rate by 40 bps

The Reserve Bank of India (RBI) on Friday unexpectedly slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain..
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