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RBI’s new bank-subsidiary norms to force realignments of business

MUMBAI: Several large banks will have to realign their business models to comply with a recent Reserve Bank of India (RBI) proposal, which,...
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Economy

rupee value: Cost of imports up; RBI likely to turn cautious on Rupee

After remaining in the negative zone for several months, imported inflation or cost of imports has been slowly edging up since the beginning...
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Economy

RBI may shift monetary stance to ‘Neutral’; rate cuts likely by December 2024: Nuvama

The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month,...
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Business

98% of Rs 2,000 notes returned, says RBI

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Economy

Strong case for a rate cut by RBI: Jahangir Aziz, JP Morgan

With core inflation touching an all-time low, which is an indication of excess capacity in the economy, it makes a strong case for...
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Economy

Geopolitical shifts to be new sources of shocks for central banks: RBI governor Shaktikanta Das

Persistent geopolitical disturbances and global economic fragmentations will present formidable challenges to central banks, Reserve Bank of India governor Shaktikanta Das said, with...
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Business

RBI lifts gold loan curbs on IIFL Finance

MUMBAI: RBI has lifted the restrictions placed on IIFL Finance's gold loan operations, effective immediately. In a communication dated Sept 19, 2024, RBI...
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Economy

Fed rate cut positive, but may not have big impact on capital inflows: Top FinMin officials

NEW DELHI: A sharp 50-basis-point cut in the interest rates by the US Federal Reserve on Wednesday will be positive for the global...
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