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RBI has capped withdrawals at ₹5,000 from Puducherry Co-operative Urban Bank and imposed six-month restrictions due to its deteriorating financial position.
RBI has capped withdrawals at ₹5,000 from Puducherry Co-operative Urban Bank and imposed six-month restrictions due to its deteriorating financial position.
RBI rejected all T-bill bids as investors demanded higher yields while tightening banking-system liquidity increased demand for short-term funds.
India’s forex reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, RBI data showed.
Indian Bank says RBI’s new forex risk reserve requirement could raise costs and put some pressure on profitability.
India’s current account deficit narrowed to $5.2 billion in August from $6.1 billion a year earlier, helped by a lower merchandise trade deficit and a higher surplus in services trade, according to preliminary RBI data. Mumbai, October 15 — India’s current account deficit (CAD) narrowed to $5.2 billion in August...
RBI raises the minimum daily CRR maintenance requirement for banks to 99% from 90% from October 16 to manage excess liquidity.
RBI Appoints Sudhakar Malli as Executive Director, To Oversee Supervisory Assessment
RBI Mops Up Over ₹6 Lakh Crore Through Two VRRR Auctions Amid Surplus Liquidity
Record Diaspora Dollar Inflows May Leave RBI With Up To $10.6 Billion Cost
India's economy grew 7.8% in the April-June quarter of FY27, beating the RBI's 7% forecast as domestic activity remained resilient despite geopolitical and energy-market uncertainty.
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