Search For "bank of india"
RBI may further cut repo rate by 25 bps to 5% in February policy meet: UBI
Updated : 2 months, 4 weeks ago IST
The Reserve Bank of India (RBI) may reduce the repo rate by 25 basis points (bps) in its February monetary policy meeting, taking the benchmark rate down to 5 per cent, according to a report by Union Bank of India.
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MPC likely to remain on extended pause; further rate cuts hinge on inflati
Updated : 3 months ago IST
The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to remain on an extended policy pause after its recent rate cut, with any further monetary easing contingent on inflation consistently undershooting its current trajectory, ICICI Bank's Economic Research Group has asserted
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CBI Court sentences 4 years imprisonment with Rs 1 lakh fine to four accus
Updated : 3 months ago IST
The Central Bureau of Investigation (CBI) registered the instant case on February 9, 2009, on the conversion of Preliminary Enquiry.
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Invesco cautiously optimistic on India's 2026 growth despite equity market
Updated : 3 months ago IST
Despite equity market underperformance triggered by geopolitical tensions, global investment firm Invesco has expressed cautious optimism on India's economic outlook for 2026, citing progress on domestic reforms, scope for improved US-India relations and monetary easing by the Reserve Bank o
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Rupee likely to bounce back in second half of next fiscal despite current
Updated : 3 months ago IST
The Indian Rupee, which has been under pressure in recent times, is likely to bounce back strongly in the second half of the next financial year, from October 2026 to March 2027, according to a report by the State Bank of India (SBI).
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HSBC India Expands its Presence in Madhya Pradesh, Opens New Branch in Ind
Updated : 3 months ago IST
Indore (Madhya Pradesh) [India], December 17: HSBC India unveiled its new branch in Indore, Madhya Pradesh, marking a significant step in its strategic expansion across the country. This launch in Indore is the bank's 29th branch in India, following the Reserve Bank of India's approval ea
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Perfios Launches AI-Powered Operating System for BFSI, Spearheading Global
Updated : 3 months ago IST
Bengaluru (Karnataka) [India], December 17: Perfios.ai, India's leading B2B SaaS TechFin, today announced the launch of its AI-Powered Real-Time Operating System for BFSI, an integrated suite of agentic platforms that work together as a unified intelligence layer, accelerating the industry's
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Lower oil prices, strong services exports to keep India's CAD around 1% in
Updated : 3 months ago IST
India's external sector outlook remains broadly stable despite recent volatility in trade data, with the current account deficit (CAD) expected to remain around 1 per cent of GDP in FY26, supported by easing commodity prices, resilient services exports and moderating trade pressures, accordi
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Risk to current account dynamics likely to moderate amid recovery in one-o
Updated : 3 months ago IST
Driven by commodity price volatility amid the persistence of the US-India trade deal stalemate, the risk to current account (C/A) dynamics is likely to moderate, as one-off import shocks ease. According to a Union Bank of India report, with the India-US bilateral trade agreement nearing fina
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States raised Rs 15,330 crore through RBI's government securities auction
Updated : 3 months ago IST
The Reserve Bank of India on Tuesday announced the results of the yield/price-based auction of State Government Securities (SGS), in which states and Union Territories collectively raised Rs 15,330 crore against the notified amount of Rs 17,850 crore, according to an official press release i
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HDFC Bank gets RBI nod to raise holding in IndusInd Bank up to 9.5%
Updated : 3 months ago IST
HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold up to 9.50 per cent stake in IndusInd Bank, the bank informed the stock exchange in a filing.
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Gross NPAs in outstanding education loans of public sector banks reduced t
Updated : 3 months ago IST
Union Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha on Monday, said that in terms of outstanding education loans, the Gross Non-Performing Assets (NPA) of Public Sector Banks (PSBs) reduced from 7% in FY 2020-21 to 2% in FY 2024-25, thereby showing the s
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