Search For "bank of india"
Central govt's revenue loss due to GST rate reduction will be Rs 3700 cror
Updated : 5 months, 3 weeks ago IST
The revenue loss of the central government due to the recent GST rate reduction will be around Rs 3,700 crore in FY26, as higher growth and a boost in consumption have reduced the impact on revenues, according to a report by the State Bank of India (SBI).
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Amid tariff tensions, India's current account deficit may double to 1.2% o
Updated : 5 months, 3 weeks ago IST
India's current account deficit (CAD) is expected to almost double in the current financial year FY26 to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.
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slice strengthens board with former RBI executive
Updated : 5 months, 3 weeks ago IST
Bengaluru (Karnataka) [India], September 2: slice, which aims to build India's most loved bank, has appointed Eugene Emmanuel Karthak, a former Executive Director at the Reserve Bank of India, as Part-time Chairman and Independent Director to its Bank Board.
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India's economic performance proven Rahul Gandhi's "negative thinking" wro
Updated : 5 months, 3 weeks ago IST
Union Minister Piyush Goyal on Sunday said that India's strong economic performance has once again disproved the "negative thinking" of Leader of Opposition in Lok Sabha Rahul Gandhi, asserting that the country is on course to emerge as the world's third-largest economy by 2027.
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India's forex reserves dip $4.4 billion to $690.7 billion in latest week:
Updated : 5 months, 3 weeks ago IST
India's foreign exchange reserves (Forex) declined by USD 4.8 billion in the week that ended August 22 to USD 690.720 billion, driven largely by slump in foreign currency assets, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'.
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President Murmu honours former UBI CEO Manimekhalai with SCOPE Eminence Aw
Updated : 5 months, 3 weeks ago IST
Manimekhalai made history in June 2022 by becoming the first woman to head Union Bank of India since its inception in 1919. At the time, she was the only woman leading a public sector bank in the country. She took charge during a critical period, following the complex merger with Andhra Bank
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India's Q1 FY26 GDP likely at 7% up from 6.5% in Q1 FY25: UBI
Updated : 5 months, 3 weeks ago IST
India's GDP for the first quarter of financial year 2026 is expected to clock a growth rate of 7 per cent, up from 6.5 per cent in the first quarter of Financial year 2025 (Q1 FY25), according to a report by Union Bank of India (UBI).
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States offering financial assistance lead in 2-wheeler EV adoption: RBI
Updated : 5 months, 3 weeks ago IST
States that provide financial assistance in the form of subsidies and grants are witnessing stronger adoption of two-wheeler electric vehicles (2W-EVs), according to a study report by the Reserve Bank of India.
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Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Re
Updated : 6 months, 3 weeks ago IST
The Reserve Bank of India's decision to lower interest rates has led to a marked decline in borrowing costs for companies, thereby boosting debt serviceability across several sectors, according to a report by the Bank of Baroda (BoB).
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US tariffs likely to affect US GDP by 40-50 bps, fueling inflationary pres
Updated : 6 months, 4 weeks ago IST
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the U.S. economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
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Bihar Governor Launches Construction of BuiltX's 800-Bed Girls' Hostel
Updated : 6 months, 4 weeks ago IST
Parsa (Bihar) [India], August 26: Hon'ble Governor of Bihar Shri Arif Mohammad Khan launched the groundbreaking ceremony for India's largest rural healthcare education residential facility. BuiltX is constructing the project in collaboration with Akhand Jyoti Eye Hospital and SBI Foundation.
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States raise Rs 28,892 crore via government securities auction; Rajasthan,
Updated : 6 months, 4 weeks ago IST
States and Union Territories mobilized Rs 28,892 crore through the auction of State Government Securities (SGS) on Tuesday, according to the Reserve Bank of India (RBI). However, the total notified amount for the auction was Rs 34,150 crore, but bids worth nearly Rs 5,258 crore were not acce
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