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Govt names Viral V. Acharya as RBI Deputy Governor

Govt names Viral V. Acharya as RBI Deputy Governor

Government on Wednesday appointed Viral V. Acharya, a professor of Economics in the Department of Finance at the New York University (NYU), new Deputy Governor at the Reserve Bank of…

ICICI Bank launches mobile app Eazypay

ICICI Bank launches mobile app Eazypay

Private sector lender ICICI Bank said it has launched mobile app ‘Eazypay’ that enables merchants, retailers and professionals to accept instant cashless payments on mobile phones from their customers through…

Don’t hoard currency, sufficient notes in supply: RBI

Don’t hoard currency, sufficient notes in supply: RBI

The Reserve Bank of India asked people not to hoard currency as there is sufficient supply of notes, even as banks struggled to manage the rush of people thronging branches…

BRICS Contingent Reserve Arrangement operational: Jaitley

BRICS Contingent Reserve Arrangement operational: Jaitley

BRICS’ contingent reserve arrangement (CRA) is now operational to deal with any short-term balance of payments pressures the grouping’s member nations face, Finance Minister Arun Jaitley has said. CRA, established…

RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore penalty on 13 public and private sector banks, including PNB and HDFC Bank, while…

Cabinet clears pay hike for 1 cr govt employees, pensioners

Cabinet clears pay hike for 1 cr govt employees, pensioners

In a bonanza for over 1 crore government employees and pensioners, the Cabinet on Wednesday approved implementation of the 7th Pay Commission, which had recommended an overall hike of 23.5…

U.K result a shock but RBI prepared: Raghuram Rajan

U.K result a shock but RBI prepared: Raghuram Rajan

RBI Governor Raghuram Rajan on Friday said though Britain’s decision to quit the European Union (EU) was a shock, India’s apex bank was ready to act when necessary. “RBI is…

RBI Governor indicates interest in second term; says ‘more to do’

RBI Governor indicates interest in second term; says ‘more to do’

Indicating his interest in a second term as RBI Governor, Raghuram Rajan said he has enjoyed every moment of the job but there is “more to do”, despite calls from…

SC for disclosure of amount of outstanding loans, RBI resists

SC for disclosure of amount of outstanding loans, RBI resists

Default in repayment of loans running into “lakhs of crores of rupees” prompted the Supreme Court to throw up the idea of making public the total outstanding amount without disclosing…

SBI Cuts Home Loan Interest Rate To 9.45 pc

SBI Cuts Home Loan Interest Rate To 9.45 pc

State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new…

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