Tags RBI

Tag: RBI

India in Historic Recession, RBI ‘nowcast’ Shows

GDP contracted 8.6% in the quarter ended September, the RBI Showed in its first ever published ‘nowcast,’ which is an estimate based on high-frequency data. The economy had slumped about 24% in April to June.

Google Pay not a payment system operator: RBI to Delhi HC

Google Pay (stylized as G Pay; formerly Pay with Google and Android Pay) is a digital platform and online platform system developed by Google to power in-app and tap-to-pay purchases on...

RBI reveals data on transactions through RTGS, NEFT, AePS, UPI, IMPS

The Reserve Bank of India has published the everyday settlement data of preferred payment systems for June 3 and June 4. The...

Governor Shaktikanta Das Announced 4% Drop In The Substitution Rate From The Current 4.4% To Boost The Economy

The press conference highlights the following: The Monetary Policy Committee ( MPC) on Friday shrank the repo rate from 4.4 to 4%...

Estimated ₹68,600 cr loans of wilful defaulters written off: RBI in RTI reply

In reply to a petition under the Right to Information (RTI) Act, Reserve Bank of India(RBI) said that Indian banks have written...

Sri Lanka To Enter Into A Monetary Swap With RBI

To maintain financial stability, it is probable that Sri Lanka will conclude a $400 million foreign currency exchange deal with the Reserve...

Eight Banks Come in the Reprieve of Yes Bank, Three of them Sell Part of their Shares Within a Few Days of Investment

We are all well aware of the downfall of Yes Bank by now. However, being the 4th largest private lender bank of...

RBI Injected Rs 1 Lakh Crore to NBFC to navigate lockdown massacre

On the morning of 17 April, Governor Shaktikanta Das of the Reserve Bank of India (RBI) opened an additional Rs 50,000 Crore...
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