Search For "bank of india"
RBI maintained consistency in its monetary policy statement: FICCI
Updated : 3 years, 11 months ago IST
New Delhi [India], August 7 (ANI): The Reserve Bank of India has maintained consistency in the recent monetary policy statement by focusing on the "withdrawal of accommodation" as its stance to contain inflation, said industry body FICCI.
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Monetary policy over, stock investors' focus shifts to inflation data
Updated : 3 years, 11 months ago IST
New Delhi [India], August 7 (ANI): With the Reserve Bank of India's monetary policy committee meeting over on Friday, the focus of Indian stock market investors will now shift to inflation data, both in India and the US, expected next week.
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SBI standalone net profit falls 7 per cent to Rs 6,068 crore
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): The country's largest lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 6,068 crore for the first quarter of the current financial year as compared to Rs 6,504 crore recorded in the corresponding period of the la
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India's forex reserves rise by $2.31 billion after 4 straight weekly fall
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): India's foreign exchange (forex) reserves rose by $2.315 billion to $573.875 billion for the week ended July 29 on the back of robust capital inflows in the equities markets and strengthening of rupee from the record low, the Reserve Bank of Indi
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Sensex closes 89 points higher as RBI hikes policy repo rate by 50 bps
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Indian stock market's benchmark Sensex closed 89 points higher in a volatile session on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points to tame inflation.
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RBI Governor says, 50 bps rate hike is the new normal across the world
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.
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RBI hikes repo rate for third time: Here's what experts have to say
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India (RBI) has decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation. Today's hike takes the repo rate above pre-pandemic level
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RBI keeps inflation projection for 2022-23 unchanged at 6.7 per cent
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India on Friday decided to keep inflation projection for the current financial year unchanged at 6.7 per cent and said that the retail inflation would remain above the upper tolerance level of 6 per cent through the first thre
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Rupee depreciation more because of US dollar strength than weakness in fun
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The depreciation of the Indian rupee is more on account of the appreciation of the US dollar rather than weakness in macroeconomic fundamentals of the Indian economy as the domestic currency is faring much better than several other currencies, Re
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RBI Monetary Policy: Latest hike takes repo rate above pre-pandemic levels
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India has unanimously decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation. Today's hike takes the repo rate above pre-pande
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RBI raises repo rate by 50 bps to cool inflation, 3rd hike in row
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India has raised the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation.
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Indian stocks largely steady, RBI's policy outcome in focus
Updated : 3 years, 11 months ago IST
New Delhi [India], August 5 (ANI): Indian stocks traded largely steady this morning ahead of the Monetary Policy statement of the Reserve Bank of India Governor Shaktikanta Das scheduled at 10 a.m., where he will announce the outcomes of the latest monetary policy review meeting.
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