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RBI Governor briefs Parliament panel over chit-fund scam RBI Governor briefs Parliament panel over chit-fund scam RBI Governor D Subbarao today briefed a Parliamentary panel on regulatory issues concerning the recent chit-fund scam in West Bengal and discussed steps that could be taken to prevent recurrence of such frauds
RBI likely to cut policy rates at its June 17 meeting: Experts RBI likely to cut policy rates at its June 17 meeting: Experts RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Will conduct OMOs to manage liquidity when required: Subbarao Will conduct OMOs to manage liquidity when required: Subbarao Reserve Bank of India (RBI) on Thursday said it will inject liquidity through Open Market Operations (OMOs) to deal with any shortage of cash in the system.
Cobrapost expose: RBI action soon; banks start cracking whip Cobrapost expose: RBI action soon; banks start cracking whip Amid fresh allegations of money laundering by banks, RBI and several banks said actions are being taken against erring institutions and employees for violating prudential banking norms.
Present laws do not permit Islamic banking: RBI Present laws do not permit Islamic banking: RBI Reserve Bank Governor D Subbarao on Wednesday said the present laws do not permit Islamic banking in the country, but a suitable legislation can create space for this important business model.
RBI listens to RBI listens to "silent voices" hurt by inflation: Subbarao He said RBI was sensitive to the people who say interest rate must be brought down.
Responsibility to check money laundering rests with govt: RBI Responsibility to check money laundering rests with govt: RBI Subbarao also said that the central bank was planning to introduce plastic currency notes soon.
RBI to use all options, including CRR, to manage liquidity RBI to use all options, including CRR, to manage liquidity Reserve Bank Governor D Subbarao Monday said the Reserve Bank will consider all options available, including reducing the cash reserve ratio (CRR), to manage liquidity in the system.
RBI to incentivise banks for reporting counterfeit notes RBI to incentivise banks for reporting counterfeit notes The Reserve Bank will introduce a scheme of incentives for banks to encourage them to report detection of counterfeit notes.
Subbarao sees banks cutting lending rates in 3-6 months Subbarao sees banks cutting lending rates in 3-6 months Reserve Bank Governor D Subbarao Friday said banks will "certainly" cut interest rates in the next three-six months even as he asserted there is "less space" for further softening of key policy rates.
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