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RBI keeps repo rate unchanged in third straight policy meet
Updated : 2 years, 11 months ago IST
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected.
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RBI monetary policy: SBI Research expects another pause in interest rates
Updated : 2 years, 11 months ago IST
SBI Research expects the Reserve Bank of India to again put a pause on the key policy rates as the central bank’s third monetary policy committee meeting is currently underway. The outcome of the review meeting will be announced on Thursday morning.
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Experts expect status quo in interest rates from ongoing RBI monetary poli
Updated : 2 years, 11 months ago IST
In its previous meeting in early June, the central bank’s monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most analysts had expected. The RBI in its April meeting too had paused the repo rate.
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CBI registers FIR against Ahmedabad based company for cheating bank
Updated : 2 years, 11 months ago IST
The Central Bureau of Investigation (CBI) on Monday registered a case against a private company based in Ahmedabad and its directors and other unknown public servants on the allegations of causing a loss of Rs 46.79 crore(approx) to Union Bank of India.
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Delhi Police nab couple accused of mortgaging same property from Maharasht
Updated : 2 years, 11 months ago IST
The Economic Offences Wing of Delhi Police on Saturday arrested an absconding couple accused of forging documents in an alleged case of mortgaging the same property with a consortium of banks, police informed through a statement.
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SBI reports 178 pc increase in net profits in Q1FY24
Updated : 2 years, 11 months ago IST
Lender State Bank of India (SBI) reported a 178 per cent rise in its net profit to Rs 16,884 crore in the April-June 2023 quarter against Rs 6,068 crore reported same period last year.
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Authorisation of INR as designated currency does not make it a legal tende
Updated : 2 years, 11 months ago IST
The Central Bank of Sri Lanka (CBSL) has clarified certain misrepresentations of facts currently circulating in the public domain on Indian Rupee (INR).
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RBI says 88 pc of Rs 2,000 notes returned to banking system
Updated : 2 years, 11 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it will continue to remain as legal tender.
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SBI raises Rs 10,000 cr through unsecured long-term infrastructure bonds
Updated : 2 years, 11 months ago IST
The proceeds of today's bonds will be utilized in enhancing long-term resources for funding infrastructure and the affordable housing segment, SBI said in a release.
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RBI caps deposit withdrawal from ailing National Co-operative Bank at Rs 5
Updated : 2 years, 11 months ago IST
The Reserve Bank of India (RBI) has imposed certain restrictions on Bengaluru-based ailing The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account.
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Measuring exposure at risk key to manage climate events: RBI Dy Governor
Updated : 2 years, 11 months ago IST
Stating that the consequences, intensity, severity, and frequency of climate events were hard to measure and difficult to predict, the Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao noted that the first step for banks and other regulated entities must take is to measure the amou
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Bajaj Finserv Gold Loan: A hassle-free way to access instant funds
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], July 25: Life is full of uncertainties, and financial emergencies can strike when least expected. During these challenging times, having instant access to funds is crucial. In such situations, leveraging the value of idle gold jewellery can be a smart solution. Ba
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