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RBI rejects 6 applications for setting up banks
Business

RBI rejects 6 applications for setting up banks

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines

RBI Governor Shaktikanta Das to make statement at 2 pm today, here's direct link to watch online
Business

RBI Governor Shaktikanta Das to make statement at 2 pm today, here's direct link to watch online

It is not clear yet on what RBI Governor Shaktikanta Das will talk about, but his statement comes in the backdrop of inflation rates in India that have soared and remained over the central bank's upper tolerance band of 6 per cent

It may take 12 years for Indian economy to overcome COVID losses, says RBI report
Business

It may take 12 years for Indian economy to overcome COVID losses, says RBI report

The RBI released the Report on Currency and Finance (RCF) for the year 2021-22 on Friday whose theme is ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term

RBI Recruitment 2022: Applications for 294 posts of Grade B Officer to end soon, check details
India

RBI Recruitment 2022: Applications for 294 posts of Grade B Officer to end soon, check details

Selection of the candidates will be on the basis of Phase 1 and Phase 2 online examinations and interviews

RBI regulated markets to start trading at 9 am from 18 April
Business

RBI regulated markets to start trading at 9 am from 18 April

From 18 April, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a release on Monday

Banks to remain shut for 15 days in April; check complete list here
India

Banks to remain shut for 15 days in April; check complete list here

It is to be noted that while lenders across India will be closed on some of the bank holidays, the others will be observed only in certain regions

RBI Officers Grade B recruitment 2022: Apply for 294 vacancies at rbi.org.in; check official notice here
India

RBI Officers Grade B recruitment 2022: Apply for 294 vacancies at rbi.org.in; check official notice here

Candidates should note that the last date to apply for RBI Officers Grade B is 18 April  till 6:00 pm

RBI launches UPI '123PAY' for feature phones: What you need to know
Business

RBI launches UPI '123PAY' for feature phones: What you need to know

According to the RBI governor, UPI 123Pay would also assist the bank to achieve its goal of a less-cash economy by giving feature phone users more limited payment alternatives

RBI recruitment: Last date to apply for over 900 Assistant posts, check details
India

RBI recruitment: Last date to apply for over 900 Assistant posts, check details

Candidates must note that RBI will accept online applications only and no other medium will be entertained.

Is there a bank holiday on Maha Shivratri? Check full list of holidays in March 2022
India

Is there a bank holiday on Maha Shivratri? Check full list of holidays in March 2022

In the month of March, banks across India will remain shut for as many as 13 days.

Sovereign Gold Bond (SGB) Scheme 2021-22-Series X opens today; check how to invest through SBI online
Business

Sovereign Gold Bond (SGB) Scheme 2021-22-Series X opens today; check how to invest through SBI online

The gold bond scheme will have a tenor of eight years but investors can avail an exit option in the fifth, sixth and seventh years, on interest payment dates

RBI invites application for 950 Assistant posts; apply at opportunities.rbi.org.in
India

RBI invites application for 950 Assistant posts; apply at opportunities.rbi.org.in

The last date for printing the submitted application form is 23 March

Private cryptocurrencies threat to macroeconomic, financial stability, warns RBI guv
Business

Private cryptocurrencies threat to macroeconomic, financial stability, warns RBI guv

The comments by Shaktikanta Das gain in significance because they come days after the Union Budget put a 30 per cent tax on gains made on such assets

Reserve Bank begins three-day monetary policy meet to decide key rates
Business

Reserve Bank begins three-day monetary policy meet to decide key rates

The last MPC held in December 2021 had kept the benchmark interest rate unchanged at four per cent and decided to continue with its accommodative stance

Reserve Bank of India likely to maintain status quo in policy rate next week, say experts
Business

Reserve Bank of India likely to maintain status quo in policy rate next week, say experts

Experts, however, are of the opinion that RBI's monetary policy committee may change the policy stance from 'accommodative' to 'neutral'

Budget 2022: All you need to know about Digital Rupee announced by FM Sitharaman
Business

Budget 2022: All you need to know about Digital Rupee announced by FM Sitharaman

Digital currency will lead to a more efficient and cheaper currency management system. It is, therefore, proposed to introduce Digital Rupee, using blockchain, said Nirmala Sitharaman

Union Budget 2022: Digital currency by RBI to be launched in 2022-2023, announces Nirmala Sitharaman
India

Union Budget 2022: Digital currency by RBI to be launched in 2022-2023, announces Nirmala Sitharaman

The RBI has been working on a plan to introduce the Central Bank Digital Currency (CBDC) for the past few months

Economic Survey of India 2021-22: GDP growth forecast at 8 to 8.5% in FY23; key points
Business

Economic Survey of India 2021-22: GDP growth forecast at 8 to 8.5% in FY23; key points

The Economic Survey analyses the country's economic development over the previous fiscal by offering comprehensive statistical data on all sectors, besides also suggesting reforms that could be undertaken to accelerate growth

Bank Holidays 2022: Banks to remain shut for 12 days in Feb; check details here
Business

Bank Holidays 2022: Banks to remain shut for 12 days in Feb; check details here

While online banking activities and ATMs will continue to function, all individuals are advised to plan any banking work according to the RBI's list of bank holidays.

India's overall economic activity, driven by consumer confidence and bank credit, remains strong: RBI article
Business

India's overall economic activity, driven by consumer confidence and bank credit, remains strong: RBI article

Amidst upbeat consumer and business confidence and an uptick in bank credit, aggregate demand conditions stay resilient while on the supply front, rabi sowing has exceeded last year’s level and the normal acreage, it noted