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RBI allows retail investors to open gilt accounts
RBI will not be charging any fee for managing or even opening the account
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Know what you can remit from abroad
A resident citizen would not be entitled to receive any additional remittances after the amount of $2,50,000 is reached during a financial year
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Retail inflation numbers reflect an interesting trend
The latest SBI Ecowrap report notes that the decline in June inflation print reveals an across-the-board decline in sequential momentum
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Recast loans at non-banks may double by this fiscal-end
Restructured book for NBFCs is expected to be 4.1-4.3% as of March 2022 (as against 2.2% in March 2021), according to ICRA
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SBI, Bank of Baroda, IndusInd Bank and Bandhan Bank faced RBI ire, know why
RBI said scrutiny in accounts of "companies of a Group" was carried out and it was observed that banks had failed to comply with certain provisions
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Rising crude oil prices pose upside risk to inflation
The government is confident that a normal monsoon and further opening up of the economy will ease inflationary pressures
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RBI issues new 10-year bond at 6.10%
However, the market was expecting the cut-off to be in the range of 6.05-6.08%
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Gold bond scheme's 4th tranche opens on July 12
The Reserve Bank had issued 12 tranches of SGB for an aggregate amount of Rs 16,049 crore (32.35 tonnes) during 2020-21.
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Nine-point guide to RBI’s floating bonds
RBI's floating rate bonds are offered by the government of India and bear a 7.15% interest rate.
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ICICI Bank dissuades customers from trading in cryptocurrencies
Customers who remit funds abroad now need to declare that they won’t invest in foreign crypto market
