Tag: Reserve Bank of India RBI

Cryptocurrencies Are Huge Risks To Financial Stability, Says RBI Governor

October 26, 2024 admin

RBI Governor said this during his appearance at the Peterson Institute for International Economics.(File) Washington: Cryptocurrencies are huge risks to financial stability and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting it may create a situation where the central bank may lose control of money supply in the economy. “I am…

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RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das

June 28, 2024 admin

The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor Shaktikanta Das said today. In his address…

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India Brings 100 Metric Tonnes Of Gold Back From UK, Fills RBI Vaults

May 31, 2024 admin

India has moved 100 metric tonnes of its gold stored in the UK to RBI vaults. (Representational) Mumbai: India has moved 100 metric tonnes of its gold stored in the UK to domestic vaults in FY24, sources said today. This is one of the biggest movements of gold undertaken by the country since 1991, when…

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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI

May 30, 2024 admin

Amount with Depositor Education and Awareness Fund stood at Rs 62,225 crore as of March 2023. Mumbai: Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today. The amount with the Depositor Education…

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As RBI Buys Several Tons Of Gold, Governor Says ‘India Building Gold Reserves’

April 5, 2024 admin

RBI bought 8.7 tonne of gold in January alone which is the highest in two years. (Representational) Mumbai: Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment. “We are building up gold reserves that is a part of our reserve deployment,” Governor Das told…

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At USD 642.29 Billion, India’s Foreign Exchange Reserves Hit All-Time High

March 23, 2024 admin

Forex exchange reserves are assets that are held by a nation’s central bank or monetary authority. New Delhi: India’s foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of…

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RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud

October 17, 2023 admin

Bengaluru: The Reserve Bank of India (RBI) on Tuesday said that it has imposed a penalty of Rs 12 crore 19 lakh on ICICI Bank for violating rules related to the code of conduct for the bank’s directors and for fraud reporting. The RBI’s inspection reports showed ICICI Bank had sanctioned or committed loans to…

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RBI Authorises Bandhan Bank For Disbursing Civil Pension

August 29, 2023 admin

New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…

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