Search For "bank of india"
RBI Deputy Guv Rabi says whatever data on crypto is available is misleadin
Updated : 3 years, 7 months ago IST
"Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions," T Sankar said at a virtual conference hosted by the International Monetary Fund (IM
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Experts' Reaction To Repo Rate Hike: RBI's Move To Balance Inflation
Updated : 3 years, 7 months ago IST
New Delhi [India], December 10 (ANI/NewsVoir): RBI has announced a hike in Repo rates for the fifth consecutive time. The difference this time accounts for 35 bps, leading the interest rate from 5.90 to 6.25. RBI has been announcing minimum possible increases in repo rate for the last few mo
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Policy rate hike: SBI says it's forward-looking; HDFC Bank says in line wi
Updated : 3 years, 7 months ago IST
The Chairman of the country's largest bank said, "A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook. Imparting operational flexibility to banks in managing their investment in HTM (Held to Maturity) limit will have an order
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RBI to add new feature to UPI payment platform
Updated : 3 years, 7 months ago IST
By introducing single-block-and-multiple-debits functionality, Shaktikanta Das said this facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.
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Policy rate hike may affect EMIs of loans
Updated : 3 years, 7 months ago IST
Bank linked their lending rates with repo rates on various term loans and this change in the repo rate will have an impact on the equated monthly instalment (EMIs) of citizens.
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Industry bodies welcome RBI's rate hike.
Updated : 3 years, 7 months ago IST
FICCI said this pragmatic approach of RBI will nurture growth and PHD Chamber said calibrated approach to maintain economic growth would be vital to attract investments as inflation is cooling down significantly.
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Adjusted for inflation, policy rate still remains accommodative, says RBI
Updated : 3 years, 7 months ago IST
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
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RBI hikes repo rate to keep inflation anchored
Updated : 3 years, 7 months ago IST
The inflation trajectory has largely evolved in line with the outlook given by us in June 2022, Shaktikanta Das said, adding that going forward, food inflation is likely to moderate with the usual winter softening and the likelihood of a bountiful rabi harvest.
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RBI Monetary Policy Committee hikes policy rate by 35 bps to 6.25 per cent
Updated : 3 years, 7 months ago IST
The Monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 35 basis points to 6.25 per cent with immediate effect.
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Markets open on a flat note as investors wait and watch
Updated : 3 years, 7 months ago IST
BSE Sensex was 2.75 points down at 62,623.61 whereas NSE Nifty was 12 points down to 18,630 at 9.23 am in the morning.
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Nagar Urban Co-operative Bank Ahmednagar put under RBI 'directions'
Updated : 3 years, 7 months ago IST
Deposit withdrawal will be restricted to Rs 10,000 per depositor during the entire six months that the Bank will be under directions, with effect from the close of business on December 6.
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RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 3 years, 7 months ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
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