Search For "bank of india"
Petrol pumps to accepts cards till Jan. 13, Centre assures consumers
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 9 (ANI): With the Petrol Pumps Association deferring its decision of not accepting card payment for fuel purchase till January 13, Union Minister of Petroleum Dharmendra Pradhan on Sunday assured that the Merchant Discount Rate (MDR) imposed by the Reserve Bank of Ind
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RBI asks banks to increase supply of notes to rural branches
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 3 (ANI): In order to supply more notes to currency-starved rural branches of the banks, the Reserve bank of India (RBI) has asked its lenders to increase issuance of fresh notes at these areas.
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Lowering of interest rates need of the hour :FICCI
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan. 2(ANI): Commenting on the lending rate cuts announced by banks such as SBI, Union Bank of India and IDBI, FICCI on Monday said lowering of interest rate is the need of the hour.
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SBI cuts benchmark lending rate by 90 bps
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan 1 (ANI): The State Bank of India (SBI) after experiencing a surge in deposits on Sunday announced a rate cut in lending rates by 90 basis points for maturities ranging from overnight to three-year tenure.
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GST, demonetisation to have far reaching impact, says RBI governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan 1 (ANI): The Reserve Bank of India (RBI) governor Urjit Patel has said that the nationwide Goods and Services Tax (GST) and legislation of bankruptcy code should impart resilience to the economy.
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RBI allows NRIs to exchange defunct notes up to June 30
Updated : 8 years, 7 months ago IST
New Delhi [India], Jan 1 (ANI): The Reserve Bank of India (RBI) has come out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till Friday, the last day for depositing the invalid currency notes in banks.
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Fire breaks out in SBI Life Insurance building in Chennai
Updated : 8 years, 7 months ago IST
Nungambakkam (Chennai) [India], Dec. 30 (ANI): A fire broke out at the building of the State Bank of India (SBI) Life Insurance company in Nungambakkam, Chennai on Friday.
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India's financial system stable, but banks remain under stress: RBI
Updated : 8 years, 7 months ago IST
Mumbai [India], Dec. 29 (ANI): Performance of the Indian banking sector remained subdued during 2015-16 year amidst rising proportion of banks' delinquent loans, consequent increase in provisioning and continued slowdown in credit growth, said Reserve Bank of India (RBI) on Thursday.
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Govt. appoints Viral Acharya as RBI deputy governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 28 (ANI): The Appointments Committee of the Cabinet has approved the appointment of Viral V. Acharya as the new deputy governor of Reserve Bank of India (RBI) for a period of three years.
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RBI approves FPIs to transact in securities directly
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 28 (ANI): The Reserve Bank of India (RBI) has eased the norms for foreign portfolio investors to transact in securities other than shares by allowing them to trade directly in such instruments.
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Not a government of Sonia Gandhi where institutions can be over ruled and
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 24 (ANI): Coming down heavily on former prime minister Dr. Manmohan Singh who sought to know whether the Reserve Bank of India (RBI) was given sufficient time to hold deliberations on the government's demonetisation move, the Bharatiya Janata Party (BJP) has said
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RBI's new notification is ridiculous, says bank association president
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 21 (ANI): The president of All India Bank Employees Association, Vishwas Utagi, on Wednesday dubbed the Reserve Bank of India's (RBI) new notification of not depositing an amount beyond Rs. 5000 as ridiculous, adding that the government is forcing bank officials
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