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The RBI is targeting to roll out the e-Integrated Ombudsman Scheme in June 2021.
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The RBI will come out with a consultative document harmonising regulatory frameworks applicable to various regulated lenders in the microfinance space, RBI Governor Shaktikanta Das said.
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RBI keeps key rates unchanged repo rate at 4% & reverse repo rate 3.35%.
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RBI is expected to reassure on liquidity in the system, with a gradual normalisation over the next few quarters. Lending rates not likely to be changed.
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Gvoernment's streategy of recognition, resolution, recapitalisation and reforms have resulted in decline of NPAs by Rs 2,27,388 crore.
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Higher spending will be funded by higher borrowing which has the potential to create an upward pressure on inflation and interest rates.
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Money9 Share of Wallet survey was conducted on social media across TV9 Network's followers, with responses coming in from all parts of the country in multiple languages. A total of 16,100 participants responded to a set a multiple choice questions. The survey was conducted in January 2021.
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The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014.
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Create government-owned, professionally managed development finance institutions (DFIs) to finance key sectors of the economy, he said.
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He, however, did not share details on the COVID-related loan restructuring for SBI, citing the silent period ahead of the results.