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RBL Bank gets RBI accreditation to conduct govt transactions
The authorisation will enable RBL Bank to handle a broad range of transactions related to government business
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RBI will penalise banks if ATMs go dry
ATMs: Lenders will attract fine if the machine remains ‘out of cash’ for a total of 10 hours in a month
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RBI notifies hike in collateral free loans to SHGs
For loans up to Rs 10 lakh to SHGs, no collateral and no margin will be charged, the RBI said in a circular.
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India’s business resumption shoots up to record high: Nomura
Nomura India Business Resumption Index is near the pre-pandemic level of 100, surpassing the pre-second-wave peak
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RBI issues draft proposals to liberalise overseas investments norms
The Reserve Bank has sought comments and feedback from stakeholders on the two drafts by August 23, 2021
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Urban cooperative banks may soon see an overhaul in regulations, management
The BoM would have specialists drawn from accountancy, agriculture and rural economy, banking, cooperation, economics, finance, etc.
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Small saving schemes remain good options post-RBI policy
At a time when most fixed income instruments are offering negative real returns, small saving schemes are offering positive real returns
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Cost of stalled Parliament: More than 88.6 lakh Covid-19 vaccines
Reports indicate that Rs 133 crore has been wasted so far due to lost business hours
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Needed: Policy vitamins for weak confidence
Though consumers had very low confidence about the current situation in July, they had a brighter outlook for the future.
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RBI survey says consumer confidence in July remained weak
Future expectations, however, returned to optimistic territory, with respondents placing higher confidence on household income going forward.
