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EoI for IDBI Bank stake sale likely next month

PTI -
Govt is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages
National News

Eight years of systemic reforms increased india’s macroeconomic stability: RBI MPC Member Ashima Goyal

PSU Watch Bureau -
Eight years of systemic economic reforms under the Modi government have increased India's macroeconomic stability and its capacity to withstand...
Latest News

Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC meet

PSU Watch Bureau -
RBI Governor Shaktikanta Das said the retail inflation is "unacceptably and uncomfortably" high and proposed the 50 basis points hike in repo rate
News Updates

RBI hikes interest rate by 50 bps to pre-pandemic level

PSU Watch Bureau -
RBI raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation
News Updates

House panel wants banks to compensate customers hit by cyber fraud

PSU Watch Bureau -
A Parliamentary panel on Wednesday suggested that banks should compensate customers hit by cyber fraud pending investigation by various agencies
News Updates

There is no collapse of Indian rupee, asserts FM Sitharaman

PSU Watch Bureau -
Finance Minister Sitharaman informed Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility
News Updates

Frauds reported by PSBs decline to Rs 3,204 crore in FY22

PSU Watch Bureau -
The amount involved in fraud cases reported by PSBs has come down to Rs 3,204 crore in the last fiscal from Rs 28,884 crore in 2017-18
News Updates

RBI to implement digital currency in wholesale, retail segments in phased manner: Official

PSU Watch Admin -
RBI is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale & retail segments
News Updates

Govt, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore

PSU Watch Bureau -
Concrete steps taken by the Government and Reserve Bank of India (RBI) helped banks recover bad loans worth over Rs 8.6 lakh crore
News Updates

RBI imposes restrictions, withdrawal caps on 4 co-op banks

PSU Watch Bureau -
RBI has imposed several restrictions, including a cap on withdrawals for the depositors, on four cooperative banks for six months given their deteriorating financial positions
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