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How RBI's February circular worsens Power sector's woes

How RBI's February circular worsens Power sector's woes

Thu, Mar 28, 2019

Power companies have argued that the circular would push even those power assets that were close to achieving loan restructuring in to insolvency. In their arguments while challenging the circular.

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EXCLUSIVE - Nothing wrong with AnyDesk, users need to be more vigilant: Oldrich Muller, COO

EXCLUSIVE - Nothing wrong with AnyDesk, users need to be more vigilant: Oldrich Muller, COO

Thu, Mar 28, 2019

Dismissing the claims that there is something wrong with 'AnyDesk', company's COO Oldrich Muller said that fraudsters were able to use the app only because users granted them access to their device. 

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New Rs 20 note: These features will be similar to Rs 2000, Rs 500 notes

New Rs 20 note: These features will be similar to Rs 2000, Rs 500 notes

Thu, Mar 28, 2019

Features that Rs 20 will have under the revamped Mahatma Gandhi (New) Series by RBI.

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Bank credit grows at 14.5%; deposits grow in double-digits: RBI data

Bank credit grows at 14.5%; deposits grow in double-digits: RBI data

Wed, Mar 27, 2019

In the year-ago fortnight, advances were at Rs 83.46 lakh crore and deposits at Rs 111.11 lakh crore.

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Banks closed March 31, 2019? RBI has some good news

Banks closed March 31, 2019? RBI has some good news

Wed, Mar 27, 2019

Generally, banks are expected to remain closed on March 31 every year, but RBI has sent a notification. 

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Have Rs 2000 note? Fake or real? Here is foolproof way to identify the currency

Have Rs 2000 note? Fake or real? Here is foolproof way to identify the currency

Tue, Mar 26, 2019

The new Rs 2000 note has motif of the Mangalyaan on the reverse, depicting the country's first venture into interplanetary space.

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RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms

RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms

Tue, Mar 26, 2019

The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said Tuesday. 

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Government refuses to disclose details on RBI Governor Shaktikanta Das appointment

Government refuses to disclose details on RBI Governor Shaktikanta Das appointment

Tue, Mar 26, 2019

The DFS was also asked to provide details on composition of search committee to short-list candidates and copy of minutes of meetings held on deciding the RBI Governor.

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New Rs 100 currency notes to be out soon: Check features

New Rs 100 currency notes to be out soon: Check features

Tue, Mar 26, 2019

The Reserve Bank of India (RBI) is all set to release a new set of Rs 100 currency notes signed by Governor Shaktikanta Das.

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RBI to issue guidelines on regulatory sandbox in next two months, says RBI Governor Shaktikanta Das

RBI to issue guidelines on regulatory sandbox in next two months, says RBI Governor Shaktikanta Das

Mon, Mar 25, 2019

He also said that the RBI has encouraged banks to explore the possibility of establishing new alliances with FinTech firms as it could be pivotal in accelerating the agenda of financial inclusion through innovation.

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RBI Governor Shaktikanta Das to meet heads of payments banks later this week

RBI Governor Shaktikanta Das to meet heads of payments banks later this week

Mon, Mar 25, 2019

A sandbox approach means experimenting and learning before finally adopting a technology or system.

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Rs 13 crore fraud! Karnataka Bank reports to RBI

Rs 13 crore fraud! Karnataka Bank reports to RBI

Sat, Mar 23, 2019

 A fraud amounting to Rs 13.26 crore in the fund-based working capital facility extended to SRS Finance Ltd.

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After RBI, HDFC AnyDesk Warning: Save money, don't use THIS app! Check how fraudsters may lure you

After RBI, HDFC AnyDesk Warning: Save money, don't use THIS app! Check how fraudsters may lure you

Sat, Mar 23, 2019

HDFC Bank Warning: After the Reserve Bank of India (RBI) warned banks and customers against the use of AnyDesk App, the HDFC Bank is also warning its customers about the same.

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Planning to transfer Home, Car Loan balance? Here's why you should wait till April

Planning to transfer Home, Car Loan balance? Here's why you should wait till April

Mon, Mar 18, 2019

Are you planning to transfer your home, car loan balance? You should wait till April 1 as, after that date, the interest rates applicable on home and auto loans may change in accordance with the RBI guidelines.

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RBI guidelines to prevent market abuse for financial instruments

RBI guidelines to prevent market abuse for financial instruments

Fri, Mar 15, 2019

The guidelines have become effective Friday. These directions, the RBI added, would exclude transactions executed through the recognised stock exchanges. 

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Is your Rs 100 note fake or genuine? Here is how you can check

Is your Rs 100 note fake or genuine? Here is how you can check

Wed, Mar 13, 2019

The lavender coloured notes were unveiled last year in July under the Mahatma Gandhi New Series. 

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Bombay HC to hear Kotak Mahindra plea on promoter-shareholding norms

Bombay HC to hear Kotak Mahindra plea on promoter-shareholding norms

Tue, Mar 12, 2019

The Bombay High Court will take up for hearing the writ petition by private sector lender Kotak Mahindra Bank on the issue of promoter-shareholding norms by the Reserve Bank of India

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Public sector banks in no hurry to follow SBI, link lending rates to the RBI`s repo rate

Public sector banks in no hurry to follow SBI, link lending rates to the RBI`s repo rate

Tue, Mar 12, 2019

The SBI had caused a raised eyebrow when it linked deposit, loan interest to RBI`s repo rates voluntarily. While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.

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Great step by IIT students! New app developed to identify fake notes - How it will help you

Great step by IIT students! New app developed to identify fake notes - How it will help you

Mon, Mar 11, 2019

The researchers have also developed the code for a smartphone application to detecting counterfeit currency.

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Inflation likely picked up in Feb, but well below RBI target

Inflation likely picked up in Feb, but well below RBI target

Fri, Mar 08, 2019

An overwhelming majority of economists polled predicted inflation would average below 3 percent, with forecasts ranging from 2.15 percent to 3.20 percent.

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