Search For "bank of india"
RBI set to hike policy rates for the third time in a row to tame inflation
Updated : 3 years, 11 months ago IST
New Delhi [India], August 4 (ANI): The Reserve Bank of India is likely to hike the policy repo rate by 25 to 50 basis points on Friday, the third hike since the beginning of the current financial year, in order to tame the inflationary pressure.
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Sensex snaps 6 days winning runs; closes 52 points lower
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], August 4 (ANI): After six consecutive days of rally, the Indian equities markets key indices witnessed volatile trading on Thursday with benchmark Sensex closing 52 points lower dragged by selling pressure in heavyweights Reliance Industries and State Bank of In
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M1xchange offers 'Small to Small Factoring' in partnership with YES BANK a
Updated : 3 years, 11 months ago IST
New Delhi [India], August 4 (ANI/PNN): M1xchange, India's first and leading TReDS platform, in partnership with YES BANK and RBL Bank, announced today that it had started testing of 'Small-Small Factoring' product under the Reserve Bank of India's (RBI's) third cohort of the regulatory sandb
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RBI's monetary policy review underway; here's what analysts see as possibl
Updated : 3 years, 11 months ago IST
New Delhi [India], August 4 (ANI): The three-day Reserve Bank of India's monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation.
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Indian stocks decline marginally after 5 straight day of gains
Updated : 3 years, 11 months ago IST
New Delhi [India], August 3 (ANI): Snapping five straight days of gains, Indian stock indices declined marginally this morning ahead of the Reserve Bank of India's monetary policy meeting.
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RBI has allowed invoicing, payments for international trade in Indian Rupe
Updated : 3 years, 11 months ago IST
New Delhi [India], August 2 (ANI): The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in the Indian Rupee, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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Further interest rate hike by RBI may dent real estate demand
Updated : 3 years, 11 months ago IST
New Delhi (India) July 31 (ANI): The Reserve Bank of India's upcoming monetary policy committee announcement and guidance is expected to be a decisive event for the interest rate-sensitive Indian real estate sector.
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RBI has done a good job in increasing forex reserves: Raghuram Rajan
Updated : 3 years, 11 months ago IST
Raipur (Chhattisgarh) [India], July 30 (ANI): The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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Forex reserves fall for 4th straight week; dip by $1.15 billion
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Extending the loss to the fourth straight week India's foreign exchange (forex) reserves fell by $1.152 billion to $571.56 billion for the week ended July 22, the lowest level in more than 20 months, the Reserve Bank of India data showed.
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RBI may raise repo rate by 35 basis points in upcoming policy meet: Report
Updated : 3 years, 11 months ago IST
New Delhi [India], July 29 (ANI): In line with the global trend of monetary policy tightening to cool off inflation, the Reserve Bank of India (RBI) in its upcoming monetary policy meeting is expected to hike the repo rate by 35 basis points, said global information service provider S&P
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CBI conducts searches in Rs 34,615 cr multi-bank scam
Updated : 3 years, 11 months ago IST
New Delhi [India], July 28 (ANI): The Central Bureau of Investigation (CBI) on Thursday said it conducted further searches in an ongoing investigation of a case related to the alleged loss of Rs 34,615 crore (approx) to the consortium of 17 Banks led by Union Bank of India.
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RBI imposes monetary penalty on Gauhati Co-operative Urban Bank
Updated : 3 years, 11 months ago IST
Mumbai (Maharashtra) [India], July 28 (ANI): The Reserve Bank of India (RBI) on Thursday said it has imposed a monetary penalty on Guwahati-based co-operative bank The Gauhati Co-operative Urban Bank Limited for non-compliance with KYC-related compliance.
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