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Searched Tag: RBI
The Centre’s bank privatisation exercise had begun in January 2019, when it sold its controlling 51 per cent stake in the IDBI Bank to Life Insurance Corporation of India (LIC). Subsequently, both the government and LIC announced plans for the strategic sale of their stake in the IDBI Bank

Sitharaman invites foreign banks to expand flow of credit

November 6, 2025, 04:50 PM - 3 min read

Addressing the 12th SBI Banking and Economics Conclave 2025, Finance Minister Nirmala Sitharaman asked lenders to deepen credit flow to the industry for better investment opportunities

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Journalism bids farewell to Shailender Dhawan.

In Memoriam: Shailender Dhawan, a Gentleman-Editor

November 1, 2025, 01:35 PM - 7 min read

This morning, when Gurban Singh—Gunjeet's brother and Shailen's brother-in-law—called to say that Shailender Dhawan had passed away, it felt like the ground had vanished beneath my feet.

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The Jana SFB scrip was trading 2.79 per cent down at ₹443.95 a piece on the BSE at 0957 hrs

RBI denies universal bank status to Jana Small Finance Bank

October 28, 2025, 04:36 PM - 3 min read

The Jana Small Finance Bank said on Tuesday its application to become a universal bank had been returned by the Reserve Bank of India (RBI) due to non-fulfilment of criteria

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The latest rationalised norms have been proposed to be implemented from April 1, 2026

RBI’s draft norms to help banks fund acquisitions

October 25, 2025, 05:00 PM - 3 min read

The central bank’s draft, ‘Reserve Bank of India (Commercial Banks – Capital Market Exposure) Directions, 2025’ seeks to rationalise and consolidate the applicable regulations governing such exposures, it said

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Value of the gold reserves jumped by USD 6.181 billion to USD 108.546 billion during the week, the RBI said

Forex reserves cross USD 700-bn mark

October 24, 2025, 06:03 PM - 2 min read

India’s forex reserves in the week that ended on October 17 were up by USD 4.496 billion to USD 702.28 billion, the RBI said on Friday

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During 2024-25, the RBI had added 54.13 metric tonnes of gold

RBI holds gold reserves valued at USD 95 billion

October 22, 2025, 08:02 PM - 2 min read

The Reserve Bank of India (RBI) said in its latest bulletin that it had added 0.2 metric tonnes of gold reserves in the last week of September, taking the total to more than 880 metric tonnes

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The apex bank’s stated position is that it does not target any level or band for the rupee-dollar exchange rate, but intervenes in the forex market only when there is excessive volatility, to arrest the decline in value of the rupee against the American currency

RBI checked rupee volatility in Aug by selling off USD 7.7-bn

October 21, 2025, 05:12 PM - 1 min read

The central bank usually steps in to check rupee’s decline in value against the American currency by selling off its reserves of the US dollars

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Nifty Crosses 25,178 on Fresh Foreign Fund Inflows.

Sensex, Nifty rise on IT stocks and FII buying

October 8, 2025, 11:12 AM - 2 min read

Benchmark indices Sensex and Nifty climbed in early trade on Wednesday, taking their winning momentum to the fifth day running, driven by buying in IT stocks and fresh foreign fund inflows.

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The Centre has tasked the apex bank to ensure that Consumer Price Index (CPI)-based retail inflation remains at 4 per cent with a margin of 2 per cent on either side

Possibility of future rate cuts by RBI still open: Report

October 5, 2025, 01:03 PM - 2 min read

The report said the MPC acknowledged that GDP growth would face downside risks in the second half of the current financial year (2025-26), due to the impact of US tariffs

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Malhotra also proposed to establish transparent reference rates for currencies of India’s major trading partners to facilitate INR-based transactions

RBI to promote internationalisation of the rupee

October 1, 2025, 02:09 PM - 3 min read

At its fourth bi-monthly monetary policy of the current fiscal, the Reserve Bank of India (RBI) Governor, Sanjay Malhotra, said they will promote the use of the Indian rupee for cross-border settlements, which includes allowing banks to lend in the domestic unit to non-residents from Bhutan, Nepal, and Sri Lanka, for bilateral trade

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GST 2.0 rollout brings relief for poor and middle class, says PM Modi.

GST Bachat Utsav begins, celebrate it, buy Swadeshi: PM Modi

September 21, 2025, 06:06 PM - 4 min read

Prime Minister Narendra Modi on Sunday announced the rollout of what he called a “Bachat Utsav” – a festival of savings – as the country ushers in a simplified Goods and Services Tax (GST) structure from September 22, coinciding with the first day of Navratri.

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The gold reserves increased by USD 3.53 billion to USD 90.299 billion during the week, the data said

Higher gold reserves lead to jump in India's forex reserves

September 12, 2025, 06:42 PM - 2 min read

From a jump of USD 3.51 billion in the previous week, forex reserves scaled up another USD 4.038 billion in the week ending September 5 because of an increase in the value of gold reserves

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