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Cryptocurrencies are a clear danger says RBI Governor Shaktikanta Das

Reserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.
FILE PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration(REUTERS)
FILE PHOTO: Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration(REUTERS)
Updated on Jun 30, 2022 05:47 PM IST
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PTI |

Banks in India will remain closed for 14 days in July. Details here

The Reserve Bank of India (RBI) places bank holidays under three categories - holidays under the Negotiable Instruments Act, under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and banks’ closing of accounts.
Some of the bank holidays during this month will differ from state to state.(Reuters file photo)
Some of the bank holidays during this month will differ from state to state.(Reuters file photo)
Published on Jun 25, 2022 11:53 AM IST
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Written by Harshit Sabarwal | Edited by Chandrashekar Srinivasan, New Delhi

RBI governor says businesses should avoid short-term reward-seeking culture

RBI governor Shaktikanta Das said the common characteristics of some of the inappropriate business models or strategies that have come to the RBI's notice includes inappropriate funding structure, building asset liability mismatches, which are highly risky and not sustainable.
RBI Governor Shaktikanta Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered.
RBI Governor Shaktikanta Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered.
Published on Jun 09, 2022 03:03 PM IST
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PTI |

Indian shares recoup losses as banks gain after RBI rate hike

The RBI's decision to hike the repo rate, as well as increase the inflation estimate, was in line with market expectation, said Suvodeep Rakshit, a senior economist at Kotak Institutional Equities.
The Reserve Bank of India.(Mint Archives)
The Reserve Bank of India.(Mint Archives)
Published on Jun 08, 2022 12:19 PM IST
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Reuters |

Reserve Bank hikes rates for 2nd straight month; no 'accommodative' in stance

"Upside risks to inflation as highlighted in last policy meetings have materialized earlier than expected," RBI Governor Shaktikanta Das said after the policy decision.
The Reserve Bank of India. (file image)
The Reserve Bank of India. (file image)
Published on Jun 08, 2022 11:51 AM IST
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Reuters |
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