Search For "bank of india"
Private capex outlook for FY26 lower than FY25, SBI warns of further decli
Updated : 7 months ago IST
The intended private capital expenditure (capex) for FY26 is significantly lower than the numbers of FY25, and may decline further amid the impact of US tariffs, according to a report by the State Bank of India (SBI).
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RBI Policy Minutes show divide between RBI and govt members on growth outl
Updated : 7 months ago IST
The latest minutes of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting in August have showed divide between the RBI leadership and government-nominated members over the growth outlook of the Indian economy, according to a report by Union Bank of India.
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India Exim Bank signs $40 mn credit line agreement with ECOWAS Bank to boo
Updated : 7 months ago IST
The Export-Import Bank of India (India Exim Bank) and ECOWAS Bank for Investment and Development (EBID) have signed a commercial credit line agreement of USD 40 million.
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Indian economy likely grew 6.8-7% in Q1 FY26, higher than RBI's estimate:
Updated : 7 months ago IST
The Indian economy may have registered a strong growth rate of around 6.8 per cent to 7 per cent in the first quarter of the current financial year, significantly higher than the Reserve Bank of India's estimate of 6.5 per cent, according to a report by the State Bank of India (SBI).
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RBI announces re-Issue of govt securities worth Rs 36,000 crore, auction o
Updated : 7 months ago IST
The Government of India has announced the re-issue of two government securities (G-Secs) with a total notified amount of Rs 36,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on August 22, 2025.
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Consumer durable companies faced a downward trend in FY26: Report
Updated : 7 months, 1 week ago IST
Consumer durables companies faced a tough first quarter of FY26 as weak demand for summer products weighed heavily on sales, according to a Union Bank of India Research report. The early onset of monsoon cut short the summer season, hitting the demand for cooling appliances like room air con
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India's semiconductor market expected to triple to $100 billion by 2032: R
Updated : 7 months, 1 week ago IST
With about 60 per cent of semiconductor output by the Asia-Pacific region, which continues to dominate global production, India is fast emerging as a key player. The country's semiconductor market, valued at USD 34.3 billion in 2023, is expected to triple to USD 100.2 billion by 2032, regist
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India needs a 'Desi Counter Intuitive UPI App' to truly leverage data: SBI
Updated : 7 months, 1 week ago IST
India needs a fully homegrown dominant UPI app to truly leverage data rather than remain dependent on foreign-grown payment platforms, according to a report by the State Bank of India (SBI).
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India's forex reserves currently at $693.6 billion, inching towards fresh
Updated : 7 months, 1 week ago IST
India's foreign exchange reserves rose by USD 4.747 billion in the week that ended August 8 to USD 693.618 billion, driven by gains in both foreign currency assets and gold holdings, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'.
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India's current account deficit likely to widen to 1.2% of GDP in FY26: Re
Updated : 7 months, 1 week ago IST
India's current account deficit is expected to nearly double in the Financial Year 2026, rising to 1.2 per cent of GDP from 0.6 per cent in FY25, Union Bank of India said in a report.
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RBI's FREE-AI guidelines to reduce cost, risk for financial sector, say ex
Updated : 7 months, 1 week ago IST
The endeavour of the Reserve Bank of India (RBI) to democratise the use of Artificial Intelligence (AI) in the financial sector will open new doors to players as regulator-backed measures such as AI sandboxes, sectoral datasets, and indigenous models can significantly reduce the cost and
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RBI announces underwriting auction results for two government securities
Updated : 7 months, 1 week ago IST
The Reserve Bank of India (RBI) on Thursday announced the results of the underwriting auction conducted for Additional Competitive Underwriting (ACU) of two Government of India securities, setting cut-off commission rates for primary dealers.
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