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Reserve Bank India
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Reserve bank india, Latest News
The Reserve Bank of India is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development.Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
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National :
Bank Holidays April 2024: Banks To Remain Closed on These Days, Check Full List
Banks are gearing up for an extended holiday period this week, with consecutive closures set to take place across ... ...
Business :
RBI Directs JM Financial to Halt Financing Against Shares and Debentures
The Reserve Bank of India (RBI) on Tuesday directed JM Financial Products Limited to cease all financing against shares ... ...
National :
Mobile Users Beware: 5 Key Changes Coming January 1, 2024
Five major changes are set to take effect on January 1, 2024, directly impacting how you use your mobile ... ...
Maharashtra :
RBI Receives Bomb Threat, Seeks Resignation for Top Names
A significant security threat unfolded when an alarming email surfaced, indicating the placement of bombs at 11 locations in ... ...
Maharashtra :
RBI fines four banks in Mumbai and Pune
Mumbai, Dec 14 The RBI has imposed monetary penalties on one bank in Mumbai and three co-operative banks in ... ...
National :
RBI imposes monetary fines on Kotak Mahindra Bank and ICICI Bank
The Reserve Bank of India (RBI) on Tuesday (October 17) has taken action against two leading banks, Kotak Mahindra ... ...
International :
Bank of England hikes rates to highest level since April 2008
London, June 22 The Bank of England has raised interest rates by a half point to 5 per ... ...
International :
UAE bank investments at all-time-high of AED 548.5 bn in March
Abu Dhabi [UAE], June 10 (ANI/WAM): Bank investments in UAE hit AED 548.5 billion by the end of March, ... ...
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