Search For "bank of india"
RBI has scope for another interest rate cut due to lower WPI inflation: In
Updated : 7 years ago IST
New Delhi [India], June 14 (ANI): India Ratings and Research (Ind-Ra) said on Friday that a key driver of lower wholesale inflation has been manufactured products where inflation declined to 1.28 per cent in May compared to 1.72 per cent in April.
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No charges for RTGS, NEFT transactions from July 1
Updated : 7 years ago IST
New Delhi [India], June 11 (ANI): The Reserve Bank of India (RBI) on Tuesday directed banks to withdraw the charges levied on the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) transactions with effect from July 1.
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RBI issues revised norms on stressed assets
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) on Friday released fresh guidelines to deal with bad loans, which mandated banks to start the resolution even if there was a one-day default.
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Stocks end in the green after volatile session, pharma stocks slide
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): Equity benchmark indices oscillated between gains and losses on Friday, a day after the Reserve Bank of India (RBI) marginally reduced key interest rates and serious funding challenges appeared to cripple non-bank financial institutions.
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Stocks gain marginally in early hours amid volatile trading
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): Equity benchmark indices gained marginally in volatile trading during early hours on Friday, a day after the Reserve Bank of India's monetary policy cut interest rates marginally on expected lines.
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RBI could have done more to overcome liquidity challenges, say experts
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Industry leaders said on Thursday that while Reserve Bank of India's decision to cut repo rate by 25 basis points rate cut was on expected lines, concerns over economic growth and liquidity challenges continue to linger.
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Stocks plunge despite RBI rate cut, financials under pressure
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal
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RBI scraps charges for RTGS and NEFT transactions
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): In an effort to boost digital payments, the Reserve Bank of India (RBI) on Thursday scrapped charges levied on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions.
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RBI cuts repo rate by 25 basis points to 5.75 pc, shifts policy stance to
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling economic growth and uncertain global scenario.
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RBI cuts repo rate by 25 basis points to 5.75 pc
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling economic growth and uncertain global scenario.
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Equities trade lower ahead of RBI monetary policy meet
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were in the negative zone during early hours on Thursday as investors awaited the outcome of Reserve Bank of India's monetary policy committee meeting on key interest rates.
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Interest rate cut in monetary policy unlikely to stimulate growth: Ind-Ra
Updated : 7 years, 1 month ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday that an interest rate cut by the Reserve Bank of India (RBI), which is almost certain in the second bi-monthly monetary policy statement for 2019-20, is unlikely to stimulate demand in the near-
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