Search For "bank of india"
UPEIDA signs MoUs with PSBs to boost investment in UP Defense Industrial C
Updated : 4 years, 1 month ago IST
New Delhi [India], June 7 (ANI): Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has signed MoUs with State Bank of India (SBI), Bank of Baroda (BOB), Punjab National Bank (PNB) and Small Industries Development Bank of India (SIDBI) to boost investment in the UP Defense I
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RBI set to hike policy interest rates; raise inflation forecast on June 8
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) is set to hike the policy repo rate by 40 basis points to 4.80 per cent on Wednesday and increase the inflation forecast for the current fiscal to above 6 per cent from its earlier projection of 5.7 per cent, accordi
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'Naya J-K' witnesses Renaissance in Cooperative Movement
Updated : 4 years, 1 month ago IST
Jammu and Kashmir [India], June 7 (ANI): In order to address the developmental needs of the underprivileged sections of society and make Jammu and Kashmir Atma-Nirbhar, the Union Territory has witnessed a renaissance in the cooperative movement during the past two years.
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RBI imposes monetary penalty on Madhya Pradesh-based cooperative bank
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBl) on Monday said it has imposed a monetary penalty of Rs 50,000 on Jila Sahakari Kendriya Bank Maryadit, Morena, Madhya Pradesh, for non-compliance of Know Your Customer (KYC) related norms.
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RBI imposes monetary penalty on Bassein Catholic Co-operative Bank
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 49 lakh on Bassein Catholic Co-operative Bank Ltd, Vasai for non-compliance with its directions.
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No proposal to replace Mahatma Gandhi's picture on banknotes: RBI
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Monday clarified that it has no proposal to replace the father of the nation Mahatma Gandhi's picture on currency notes.
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RBI likely to hike policy repo rate by 0.40 per cent next week
Updated : 4 years, 1 month ago IST
New Delhi [India], June 4 (ANI): Amid inflationary pressure in the economy, the Reserve Bank of India is likely to raise the policy repo rate by 40 basis points next week and hike it further by 0.35 per cent in August taking it to the pre-pandemic level of 5.15 per cent, according to economi
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India's forex reserves rise above USD 600 billion mark again
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 4 (ANI): India's foreign exchange (forex) reserves for the week ended May 27 rose by USD 3.854 billion to USD 601.363 billion led by a sharp increase in the country's foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Govt appoints A Manimekhalai as MD & CEO of Union Bank of India
Updated : 4 years, 1 month ago IST
New Delhi [India], June 3 (ANI): The government has appointed A Manimekhalai as managing director and chief executive officer of Union Bank of India for a period of three years, the state-run lender said on Friday.
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SBI says committed to ensure safety of employees after terrorists kill ban
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 2 (ANI): State Bank of India (SBI) on Thursday said it is committed to ensure the safety and well-being of all its employees in the Kashmir Valley after terrorists killed a banker employed with one of its sponsored lenders.
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SBI raises India's GDP growth forecast for FY23 by 20 basis points to 7.5
Updated : 4 years, 1 month ago IST
New Delhi [India], June 2 (ANI): State Bank of India (SBI) in a research report released on Thursday revised India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 7.5 per cent, which is 0.20 per cent higher from its earlier projection.
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RBI to adopt graded approach to introduction of digital currency
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], May 28 (ANI): The Reserve Bank of India (RBI) proposes to adopt a graded approach for the introduction of digital currency in the country, according to the RBI's annual report for FY 2021-22.
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