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Stock impact report

RPT-UPDATE 4-Moving fast, India names Modi demonetisation backer as cenbank head [Reuters (UK)]

DBS GROUP HLDGS LTD S/ADR (DBSDY) 
NASDAQ:AMEX Investor Relations: tiindia.com/article/subsidyfinancials/400
Company Research Source: Reuters
RPT-UPDATE 4-Moving fast, India names Modi demonetisation backer as cenbank head | Reuters 5 Min Read (Repeats story; no changes to text) * Ex-top finance ministry official Das appointed * Replaces Patel, who quit after policy tussle with govt * More govt pressure on RBI likely after BJP poll setback By Suvashree Choudhury MUMBAI, Dec 11 (Reuters) - Ex-finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday, in a swift appointment expected to ease a dispute with the government as it pushes for looser credit rules ahead of a general election. The announcement by Prime Minister Narendra Modi’s administration came just a day after Urjit Patel resigned from the post, following months of clashes between the two institutions over lending curbs and how to deploy the central bank’s surplus reserves. Pressure on the RBI to take immediate steps to boost the economy, including a transfer of the excess reserves to the government, could well rise after Modi’s Show less Read more
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