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India’s purchase of US treasury bonds goes up by 10% in Q1FY22
The US treasury data shows that as of June India had treasury securities worth $220 billion, up from $200 billion in March
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Small finance banks serving priority sector profitably: RBI
The study contains an initial assessment of the performance of SFBs for early policy inputs
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Invest up to 25% of money in these assets post RBI monetary policy outcome
RBI’s decision to maintain the status quo keeping the repo rates unchanged at 4% indicates a continuation of its accommodative stance
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RBI eyes phased introduction of CBDC: Deputy governor Sankar
The deputy governor said that several legal frameworks would also need to be considered before launching a CBDC
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RBI launches its quarterly industrial outlook survey
RBI also announced the launch of the next round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the ongoing quarter
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Recast loans at non-banks may double by this fiscal-end
Restructured book for NBFCs is expected to be 4.1-4.3% as of March 2022 (as against 2.2% in March 2021), according to ICRA
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Rising crude oil prices pose upside risk to inflation
The government is confident that a normal monsoon and further opening up of the economy will ease inflationary pressures
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Foreign exchange reserves up $99.2 bn in FY 2020-21: RBI
The valuation gain, reflecting the depreciation of the US dollar against major currencies, amounted to $11.9 billion during 2020-21
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Personal loans grow 13.5% in March 2021: RBI
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period
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RBI prescribes qualifications for MDs, WTDs of UCBs
RBI said MPs, MLAs and representatives of municipal corporations will not be eligible to hold such positions in the primary urban cooperative banks
