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RBI increases IMPS transaction limit to Rs 5 lakh per transaction
Updated : 23 hours, 35 min ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): The Reserve Bank of India (RBI) on Friday announced a revision in the transaction limit for the Immediate Payment Service (IMPS) of National Payments Corporation of India (NPCI), increasing it from Rs 2 lakh to Rs 5 lakh.
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Growth impulses strengthening, inflation trajectory favourable: RB
Updated : 1 day, 1 hour ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): The Reserve Bank of India (RBI) on Friday informed that India's growth rate has seen improvement, and the projection for Gross Domestic Product (GDP) for the financial year (FY) of 2021-22 has been retained at 9.5 per cent.
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RBI projects Consumer Price Index inflation at 5.3 pc for FY 2022
Updated : 1 day, 1 hour ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): The Reserve Bank of India (RBI) has projected the Consumer Price Index (CPI) inflation at 5.3 per cent for the financial year 2022.
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RBI keeps interest rates untouched, continues accommodative stance
Updated : 1 day, 2 hours ago IST
Mumbai (Maharashtra) [India], October 8 (ANI): The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the eighth time straight and continued with an accommodative stance.
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RBI removes Indian Overseas Bank from PCA framework
Updated : 1 week, 2 days ago IST
New Delhi [India], September 29 (ANI): The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring.
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RBI imposes monetary penalty on RBL Bank
Updated : 1 week, 4 days ago IST
New Delhi [India], September 27 (ANI): The Reserve Bank of India (RBI) has, by an order on Monday imposed a monetary penalty of Rs 2.00 crore on RBL Bank Limited for not complying with the Banking Regulation Act, 1949.
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Punjab CM urges Centre to help the state in hassle-free procuremen
Updated : 2 weeks ago IST
Chandigarh (Punjab) [India], September 24 (ANI): Punjab Chief Minister S Charanjit Singh Channi on Friday requested the Centre to help the state in getting the authorization of Cash Credit Limit (CCL) for the Kharif Marketing Season (KMS), 2021-22 from Reserve Bank of India (RBI) expeditious
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Signs of global economy emerging from Covid impact: RBI Governor D
Updated : 2 weeks, 2 days ago IST
Mumbai (Maharashtra) [India], Sep 22 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday the world is witnessing initial signs of recovery from the impact of coronavirus (Covid-19) pandemic.
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India, Singapore to link UPI, PayNow for faster payments
Updated : 3 weeks, 4 days ago IST
New Delhi [India], September 14 (ANI): The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems -- Unified Payments Interface (UPI) and PayNow.
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RBI cautions against frauds in the name of KYC updation
Updated : 3 weeks, 4 days ago IST
Mumbai (Maharashtra) [India], Sep 13 (ANI): Banking regulator Reserve Bank of India (RBI) on Monday cautioned people not to share account login details, personal information, copies of KYC documents, card information, PIN, password and OTP with unidentified persons or agencies.
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RBI enhances scope for card-tokenisation services
Updated : 1 month ago IST
New Delhi [India], September 8 (ANI): The Reserve Bank of India (RBI) on Tuesday enhanced the guidelines on card tokenisation services to improve the safety and security of the payment system.
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RBI imposes Rs 25 lakh penalty on Axis Bank
Updated : 1 month ago IST
Mumbai (Maharashtra) [India], September 2 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 25 lakh on private sector lender Axis Bank for non-compliance with certain provisions of Know Your Customer (KYC) norms.
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