Search For "bank of india"
SUD Life honored with Golden Peacock award from institute of directors for
Updated : 4 years, 2 months ago IST
Mumbai (Maharashtra) [India], April 20 (ANI/PNN): Star Union Dai-ichi Life Insurance (SUD Life), a joint venture between two of India's leading public sector banks, Bank of India and Union Bank of India, and Dai-ichi Life Japan is honored with Golden Peacock award from Institute of Directors
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Home, car loans get expensive as SBI, Axis Bank, others hike lending rates
Updated : 4 years, 2 months ago IST
New Delhi [India], April 19 (ANI): The country's largest lender State Bank of India (SBI), and other government and private banks including Axis Bank, Bank of Baroda and Kotak Mahindra Bank, on Tuesday increased their benchmark lending rates by up to 10 basis points or 0.10 per cent.
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Sensex rebounds 106 points; Reliance, ICICI Bank, SBI surge
Updated : 4 years, 2 months ago IST
Mumbai (Maharashtra) [India], April 19 (ANI): Snapping four consecutive days of losing run, the Indian equities markets benchmark Sensex was trading in the positive on Tuesday, led by a strong buying support in Reliance Industries, ICICI Bank, and State Bank of India.
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RBI imposes monetary penalty on Manappuram Finance for non-compliance of K
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 18 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 17.63 lakh on Manappuram Finance Limited for non-compliance of norms related to Know Your Customer (KYC) and Prepaid Payment Instruments (PPIs).
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SBI raises $500 million offshore loan through IFSC Gift City branch
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 18 (ANI): India's largest lender State Bank of India (SBI) on Monday said it has raised 3-year funds of $500 million through a syndicated loan facility at "very fine pricing". The lender has raised the money acting through its IFSC Gift City branch.
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In 5th straight weekly fall, India's forex reserves dip by $2.47 billion
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 16 (ANI): India's foreign exchange (forex) reserves dipped by $2.47 billion in the week ended April 8, registering the fifth straight week of fall, as the Reserve Bank of India (RBI) appears to keep selling dollars to prevent a slide in the value of rup
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RBI restores pre-pandemic time of money market trading
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 11 (ANI): The Reserve Bank of India (RBI) on Monday said effective from April 18 it will restore the pre-pandemic timing of 9 am for money market trading opening from the current 10 am.
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RBI may shift focus to inflation, start hiking policy rates from August
Updated : 4 years, 3 months ago IST
New Delhi [India], April 9 (ANI): The Reserve Bank of India (RBI) has maintained the policy repo rate at a record low of 4 per cent for almost the past two years in order to support economic growth, hit by COVID-19 pandemic. Although in the first policy review of the current financial yea
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There is no rupee-rouble trade platform, clarifies RB
Updated : 4 years, 3 months ago IST
New Delhi [India], April 9 (ANI): Reserve Bank of India (RBI) has clarified there is no platform to facilitate rupee-rouble trade and the central bank is in discussion with all the stakeholders in this regard.
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India's forex reserves slump by $11.17 billion; steepest fall ever
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 9 (ANI): India's foreign exchange (forex) reserves dipped by $11.17 billion in the week ended April 1, the steepest weekly fall ever, due to a sharp plunge in foreign currency assets, the Reserve Bank of India (RBI) data showed.
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Real estate sector to benefit from RBI's status quo on policy rates
Updated : 4 years, 3 months ago IST
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the policy repo rate at a low level of 4 per cent will benefit the real estate sector, industry experts said.
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Sensex surges 412 points as RBI keeps policy rates unchanged
Updated : 4 years, 3 months ago IST
Mumbai (Maharashtra) [India], April 8 (ANI): The Indian equities markets benchmark Sensex jumped 412 points on Friday led by a strong buying support in the index heavyweight Reliance Industries as the Reserve Bank of India (RBI) kept key policy rates unchanged in its first monetary policy
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