Cabinet nod for India AI mission with Rs. 10,372 crore outlay for 5 years
The Union Cabinet evening approved an outlay of Rs 10,372 crore for five years for the India AI Mission, aimed
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April 2024
India’s forex reserves jump $6.55 billion to $625.63 billion
India’s forex reserves surged $6.55 billion to $625.626 billion during the week ended March 1, according to the latest RBI
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Complaints received by RBI Ombudsman and CRPC saw 68.24% jump in FY23
The number of complaints filed under the Reserve Bank’s ombudsman schemes increased by over 68 per cent to 7.03 lakh
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Share of term deposits in banks’ total deposits up at 60.3% in Dec 2023:RBI
The share of term deposits in scheduled commercial banks (SCBs) total deposits increased to 60.3 per cent in December 2023
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Das for better grievance redress mechanism
RBI Governor Shaktikanta Das urged regulated entities to enhance their grievance redress mechanisms as “certain gaps” have been identified in
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Govt allows RBI to import gold without paying import levies
India has allowed its central bank to import gold without paying import levies, the government said in a notification issued.
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RBI asks IIFL Finance to stop sanctioning gold loans
RBI has asked IIFL Finance to stop the sanctioning and disbursement of gold loans, citing “material supervisory concerns” observed in
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FinMin asks PSBs for review of their gold loan portfolio
The finance ministry has directed all state-owned banks to review their gold loan portfolio as instances of non-compliance with regulatory
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Government, RBI in talks to boost e-commerce exports
The commerce ministry is in discussions with the Reserve Bank of India (RBI) to facilitate e-commerce exports by liberalising the
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With RBI’s new rule, you can choose card network
In a move aimed at boosting competition, RBI has ordered card issuers to allow customers to choose from multiple networks
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