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Shaktikanta Das News

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Why hasn't RBI cut interest rates despite US rate cuts and low inflation?

RBI Interest Rate 2024: The policy stance was changed from "withdrawal of accommodation" to "neutral," signaling the RBI’s intention to provide more flexibility in responding to evolving economic conditions. ...
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Now from days to hours, RBI announces faster cheque clearance

Traditionally, cheque clearance has taken anywhere from two to five days, often causing delays in financial planning and transactions. The new system promises to alleviate these issues by ensuring that funds are available within hours of depositing a cheque. ...
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Why is RBI's gold reserves at all time high amid soaring prices?

RBI's foreign exchange reserves have also hit an all-time high, soaring to $645.6 billion by the end of March 2024....
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RBI Governor emphasises vigilance in banking system against risk growth, here's why

Banks were also encouraged to actively engage in RBI's fintech initiatives and bolster their Digital Banking Units (DBUs) to enhance digital banking services for customers....
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RBI on clampdown against Paytm: ‘Persistent Non-Compliance’

The clampdown on Paytm by the RBI is expected to have significant repercussions, both for the company itself and its user base. This action raises questions about the regulatory environment in which fintech companies operate and underscores the importance of adherence to regulato...
Shaktikanta Das

Davos 2024: RBI Governor foresees enhanced cross-border payments with digital currency, unveils CBDC progress

Davos 2024: Das expressed optimism regarding the efficiency, speed, and cost-effectiveness that CBDC adoption could bring to international transaction...
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Davos 2024: International confidence in India at all-time high, says RBI Governor

India's Fintech market is projected to reach USD 150 billion by 2025, a significant leap from USD 50 billion in 2021, said RBI Governor....
RBI

'Bombs will explode if...' Threats rock RBI, HDFC, ICICI banks amid ‘Biggest scam in India’s history'

RBI bomb threat: The sender, claiming to have planted bombs at crucial locations in Mumbai, demanded the resignation of key figures, sparking an inten...

RBI Governor to announce monetary policy today. What to expect?

The third bi-monthly monetary policy statement for FY24 is scheduled to be released today by Reserve Bank of India (RBI) Governor Shaktikanta Das o...

₹2,000 notes worth ₹1.80 lakh cr have returned back to banks: RBI

Reserve Bank Governor, Shaktikanta Das on Thursday during the Monetary Policy Committee meeting announced that almost ₹1.80 lakh crore have been ...

Why is Sep 30 deadline for Rs 2000 exchange? Clarifies RBI Governor

While addressing the media on Monday, Shaktikanta Das, the governor of the Reserve Bank of India (RBI) announced that the withdrawal of Rs 2000 ban...

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