Search For "bank of india"
CBI arrests two directors of Bharat Papers in bank fraud case
Updated : 3 years, 8 months ago IST
It was alleged that the accused in conspiracy with unknown officials of State Bank of India had cheated the Bank to the tune of Rs 87.88 crore (total amount with interest of around Rs 121.13 crore) during the period from 2006 till 2019 by illegally removing machinery and other parts without
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Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 8 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
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SBI shares surge nearly 4% to record high of Rs 622 apiece
Updated : 3 years, 8 months ago IST
The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to
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Customer protection lies at core of microfinance regulation, says RBI Depu
Updated : 3 years, 8 months ago IST
RBI Deputy Governor M. Rajeshwar Rao made the remarks while delivering the keynote address at the launch of MFIN's India Microfinance Review in Mumbai on Friday.
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Cash with public up over 70 pc since demonetization, Congress says the mov
Updated : 3 years, 8 months ago IST
The currency with the public is now over 70 per cent higher than in comparison to that of the initial demonetization period. On November 4, 2016, the currency with the public was reported to be at Rs 17.77 lakh crore.
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Factors that might influence domestic markets, investors this week
Updated : 3 years, 8 months ago IST
Some of the factors that might influence the markets on Monday are policy rate hikes by US Federal Reserve, the Bank of England and the report of the Reserve Bank of India that might come out next week on why it failed in maintaining the inflation mandate.
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SBI posts 74 pc jump in profit, its highest quarterly profit
Updated : 3 years, 8 months ago IST
In the lender's statement, SBI said its net interest income grew 12.8 per cent to Rs 35,183 crore. Home loan portfolio grew 14 per cent to Rs 5.94 lakh crore and accounted for more than half its retail portfolio of Rs 10.7 lakh crore. It also said corporate loans surged 21 per cent year on y
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RBI likely to further hike repo rate by 45 to 50 basis points, says Punjab
Updated : 3 years, 8 months ago IST
Reserve Bank of India will hike the repo rate by 45 to 50 basis points, Punjab and Sind Bank Managing Director Swarup Kumar Saha on Saturday as the Bank of England has increased its interest rate. Punjab and Sind Bank is expecting a hike of 50 basis points in the Repo Rate.
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Indian forex reserves record highest weekly gains in one year
Updated : 3 years, 8 months ago IST
This marks the highest weekly gain since September 2021, the Reserve Bank of India's (RBI) weekly statistical supplement showed on Friday.
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RBI holds meeting to discuss, draft report on inflation mandate failure
Updated : 3 years, 8 months ago IST
The meeting was called on Thursday under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.
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Indian stocks decline after another policy rate hike in US
Updated : 3 years, 8 months ago IST
Among the Nifty 50 stocks, Tech Mahindra, Hindalco, Wipro, Coal India, and Infosys were the top five losers, declining in the range of 1-2 per cent each, National Stock Exchange data showed.
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Inflation may fall below 6 per cent by Dec 2022: PHDCCI
Updated : 3 years, 8 months ago IST
The president of the industry body on Wednesday said calibrated efforts undertaken by the government and Reserve Bank of India (RBI) have significantly impacted the escalation in the wholesale prices.
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