Wednesday, May 12, 2021
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RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions

The Reserve bank of India Governor, Shaktikanta Das on Monday met managing directors (MD) and Chief Executive officers (CEOs) of Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) via video conferencing. The meeting was attended by Deputy Governors MK Jain and Dr MD Patra and a few other senior officials of RBI. In

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HDFC Bank embarks on Technology Transformation Agenda: MD Sashi Jagdishan to employees

Having faced multiple episodes of digital banking glitches in the last two years, has embarked on a 'Technology Transformation Agenda' to provide safe and secure banking services to its customers. HDFC Bank managing director Sashi Jagdishan in a letter to employees said the bank has faced five instances

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RBI to mandate interoperability among prepaid payments instruments: Shaktikanta Das

Making its displeasure on prepaid payments instruments issuers not adopting interoperability, the Reserve Bank on Wednesday said it will make it mandatory for such companies to make provisions for letting their customers transact with others after doing a full-KYC (know your customer). The central bank also doubled the maximum

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India will have heterogeneous banking sector in a decade with four types of banks: Shaktikanta Das

The Reserve Bank foresees a "competitive, efficient and heterogeneous" banking sector with four distinct sets of banks dominating the landscape over the next decade, its governor Shaktikanta Das said on Thursday. There will be large banks having presence across the country and the world, mid-size banks present across the

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Ensuring health of banking sector top priority: Shaktikanta Das at India Economic Conclave 2021

RBI Governor Shaktikanta Das in his inaugural address of India Economic Conclave 2021 said, unlike the 2008 crisis, in 2020 the contagion risk to the global economy is from other sectors to the financial sector. He stressed upon laying down a robust risk identification and mitigation system in India's

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Central banks in no rush to raise rates, will back growth: Shaktikanta Das

(This story originally appeared in on Mar 08, 2021)RBI governor Shaktikanta Das is optimistic about the growth prospects of the economy. In an hour-long interview with TOI’s Sidhartha and Surojit Gupta, he said that savers can look at various small savings schemes for better returns while asserting that

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Bad bank will be a new ARC set up by PSBs: RBI Governor Shaktikanta Das

Central bank governor Shaktikanta Das on Thursday said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will be a new asset reconstruction company (ARC) set up by public sector lenders to take over bad assets. The new entity will, he said, in no

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