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Due to this inconvenience we have faced not only monetary setback but have also been mentally harassed because of our continuous efforts to get our refund of the deducted amount, but to no avail. Therefore, we would request you to kindly take some action in our favor to get our refund from...
RBI Monetary Policy Report is one of the main publications of the country's central bank, featuring the most important economic indicators. The Reserve Bank of India (RBI) publishes the report twice
5. Banks have kept savings deposit rates unchanged in the current tightening period as per RBI’s Monetary Policy report for April. However, banks have increased term deposit rates during this period. As per the report, increase in term deposit rates in the current tightening cycle has been mo...
The monetary policy committee of the Reserve Bank of India is expected to again hold the policy rate in the next meeting, as the central bank awaits a clearer picture on the inflation trajectory, said Crisil in a report. "Uncertainty on the inflation trajectory has increased with the recent ...
For one, the central bank is grappling with a "potential spillover impact of stubbornly high food prices on broader inflation, but no direct control through monetary policy," the chief India economist at TS Lombard said. Another growing worry is India's "weaker than expected growth momentum,"...
Bordo, D., (2021).Central Bank Digital Currency in the Historical Perspective: Another Crossroad in Monetary History, Working Paper 29171,http://www.nber.org/papers/w29171 Brunnermeier, M., & Landau, J.‐P. (2022). The Digital Euro: Policy Implications and Perspectives.Policy Department for...
On October 9, it was decided by the Reserve Bank of India to keep the policy repo rate unchanged at 6.50% for the tenth consecutive time. The Monetary Policy Committee (MPC) meeting was held on October 7, 8 and 9. As a result, the Standing Deposit Facility (SDF) rate remains at 6.25...
The Reserve Bank of India hasimposeda monetary penalty of Rs 1.91 crore on Axis Bank for operating a technology service provider and violating the Banking regulation Act, 1949.Section 6of the Act, which charts the activities permissible for a bank to undertake, does not include operating a tech...
First and foremost, the RBI formulates, implements, andmonitors India’s monetary policy. The bank’s management objective is to maintain price stability and ensure that credit is flowing to productive economic sectors. The RBI also manages allforeign exchangeunder the Foreign Exchange Management Act...