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12 November, 2018 12:07 PM Retail inflation softens to 3.31% in October versus 3.7% in September

India’s retail inflation grew 3.31 percent in October compared to 3.70 percent in September, driven by a relatively slower rate of increase in food and fuel prices. Retail inflation, measured by Consumer Price Index (CPI), stood at 3.58 percent in September last year. CPI is the main price gauge that the Reserve Bank of India (RBI) tracks 103

12 November, 2018 8:03 AM 10 Things You Should Know For Conducting Safe ATM Transactions

State Bank of India (SBI), the largest lender of the country, keeps reminding its customers about safe banking practices. While transacting via an ATM-cum-debit card, customers often forget hiding their password, which may lead to a fraud. In order to prevent such instances, SBI recommends that customers should conduct ATM transactions in complete privacy 101

9 November, 2018 3:57 PM After weeks of fall, forex kitty jumps by over $1 bn to $393.13 bn

After multiple weeks of decline, the country's foreign exchange reserves swelled by $1.054 billion to $393.132 billion in the week to November 2, driven by a jump in foreign currency assets and gold holdings, RBI data showed on November 9. Total reserves had dropped by $1.444 billion to $392.078 billion for the previous reporting week. After a long gap, gold reserves 117

9 November, 2018 10:08 AM Government says not seeking Rs 3.6 lakh crore RBI reserve, dismisses media reports

Economic Affairs Secretary Subhash Chandra Garg in a series of tweets said that government’s fiscal math is completely on track. New Delhi: The government on Friday dismissed recent media reports on seeking Rs 3.6 lakh crore from RBI reserve stating that a lot of misinformed speculation is going around in media. Economic Affairs Secretary Subhash Chandra 113

9 November, 2018 8:35 AM Govt says not eyeing RBI's surplus, but need to fix capital policy

DEA Secretary Subhash Chandra Garg has ruled out any immediate request for transfer of a part of RBI’s funds. But he said the government is proposing to review and define uses of funds on the central bank’s balance sheet. Amid a tussle between the Reserve Bank of India and the central government, the government said it was not eyeing taking away a part of the RBI’s surplus 114

8 November, 2018 9:29 AM RBI may set-up a digital payments ombudsman by March 2019

The aim of the RBI's move is to reduce instances of fraud and ensure that consumer's confidence in the digital payment systems goes up The Reserve Bank of India (RBI) may set-up an ombudsman for digital payments by March to reduce the burden on banking ombudsman because of a rising number of complaints, The Economic Times reported. Owing to a rapid 221

6 November, 2018 4:52 PM Bharat Financial completes Rs 2,334.71 cr worth securitisation transactions

Bharat Financial Inclusion said it has completed securitisation transactions worth Rs 2,334.71 crore this fiscal and the entire pool qualifies for priority sector treatment as per RBI norms. Securitisation refers to pooling various types of debt and selling them to investors. In a regulatory filing, the company said it completed the fourth securitisation 83

4 November, 2018 2:21 PM Information Panel Sends Notice To RBI Chief Over Wilful Defaulters' List

The Central Information Commission said it is disappointed by denial of information on disclosure of the names of wilful defaulters who have taken bank loans of Rs 50 crore and above The Central Information Commission has issued a show-cause notice to RBI Governor Urjit Patel for "dishonouring" a Supreme Court judgment on disclosure of wilful defaulters' 109

1 November, 2018 5:20 AM Sensex jumps 100 points, Nifty regains 10,400

New Delhi: Rising for the second day, markets opened on a positive note on Thursday on positive global cues and healthy buying in auto and infra stocks. The BSE Sensex gained 3,500 level by jumping 109.34 points or 0.32 percent to 34,551.39 in early trade. Similarly the NSE Nifty edged higher by 33.10 points or 0.32 percent to 10,419.70. Sentiments got a boost 135

31 October, 2018 6:00 PM Govt-RBI consultations are never made public, says Finance Ministry amid reports of rift

New Delhi: Amidst the alleged rift between the government and RBI, the Finance Ministry on Wednesday emphasised on “public interest” and “requirements of economy” as the guiding force for both the parties, adding that it has never made consultations with the central bank public. Issuing a statement, the Finance Ministry said, “The autonomy for the Central 125