Search For "bank of india"
Slashing corporate tax rates a bold measure: RBI Governor Das
Updated : 6 years, 9 months ago IST
New Delhi [India], Sep 24 (ANI): The government's recent decision to cut corporate tax rates is a bold measure and augurs well for the economy, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday.
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DHFL to discuss draft resolution plan with bankers
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): Financially-strapped Dewan Housing Finance Corporation (DHFL) will discuss its draft resolution plan at a meeting of lenders on Wednesday.
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RBI restricts activities of PMC Bank due to heightened risks
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) has restricted activities of Punjab and Maharashtra Cooperative Bank (PMC Bank) for six months and asked it to not grant or renew any loans and advances, make any investment or incur any liability, including borrowal
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SBI announces repo rate as external benchmark for all floating rate loans
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 23 (ANI): The country's largest lender State Bank of India (SBI) said on Monday it has decided to adopt repo rate as the external benchmark for all floating rate loans for micro, small and medium enterprises (MSMEs), housing and retail loans.
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No recession in global economy, India's external sector shows great resili
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 19 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that there was no recession as of today in the global economy but there was a hostile environment to which India's external sector had shown great resilience and viability. Read More
RBI proposes norms to regulate payment gateways and aggregators
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sept 18 (ANI): In a bid to make digital payments safer and transparent, the Reserve Bank of India (RBI) has proposed to regulate payment gateway service providers and aggregators in online transactions.
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Chandigarh: HSIIDC signs MoU with SIDB for funding MSMEs
Updated : 6 years, 9 months ago IST
Chandigarh (Haryana) [India], Sept 17 (ANI): The Board of Directors of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has approved the signing of Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDB) for funding support to
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Current slowdown cannot be tackled by monetary policy alone: SBI report
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): The country's largest lender State Bank of India (SBI) said on Monday the contemporary issue for macroeconomists is to exclusively focus on assuring adequate aggregate demand as the current slowdown cannot be tackled by monetary policy in isolation
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RBI reduces risk weight for consumer credit
Updated : 6 years, 10 months ago IST
New Delhi [India], Sept 13 (ANI): The Reserve Bank of India (RBI) on Thursday reduced the risk weight for consumer credit including personal loans to 100 per cent.
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August retail inflation rises to 3.21 pc due to higher food prices
Updated : 6 years, 10 months ago IST
New Delhi [India], Sep 12 (ANI): Retail inflation rose marginally to 3.21 per cent in August from 3.15 per cent last month on the back of higher food prices, the government data showed on Thursday.
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SBI reduces MCLR and interest rates on time deposits across all maturities
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
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Steps to boost lending could increase banking sector risk: Fitch
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 6 (ANI): Risks in India's banking sector may rise as a result of the central bank's steps encouraging more lending to non-bank financial institutions (NBFIs) and retail borrowers, Fitch Ratings said on Friday.
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