Search For "bank of india"
RBI says banks cannot impose excessive charges on loan amounts upto Rs 50,
Updated : 1 year ago IST
The Reserve Bank of India (RBI) has made it clear that banks cannot impose excessive charges, particularly on smaller loan amounts under the priority sector lending (PSL) category.
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India to host 3-day FATF Private Sector Collaborative Forum from March 25
Updated : 1 year ago IST
According to an official release, FATF President Elisa de Anda Madrazo will formally inaugurate the PSCF 2025 on March 26, with Reserve Bank of India (RBI) Governor Sanjay Malhotra presiding over the event. The Indian delegation to PSCF is a multi-disciplinary team led by Vivek Aggarwal, Add
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Delhi: Fire safety lapses delay certificate renewal for key Govt buildings
Updated : 1 year ago IST
The renewal of Fire Safety Certificates (FSC) for several significant buildings, including the Old Parliament Complex, the Reserve Bank of India (RBI) building, and some parts of Bharat Mandapam at Pragati Maidan, has been delayed due to unresolved fire safety concerns.
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India faces limited impact from US trade policies, but risks remain: UBI R
Updated : 1 year ago IST
As global markets react to uncertainty surrounding tariffs and economic policies under the Trump administration, India's financial system is feeling indirect effects, particularly through currency fluctuations and liquidity conditions.
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BRISKPE Secures RBI's In-Principle Authorisation to Operate as PA-CB for E
Updated : 1 year ago IST
Mumbai (Maharashtra) [India], March 19: BRISKPE, a Prosus-backed cross-border payments platform, has reached a major milestone by securing the Reserve Bank of India's (RBI) in-principle Payment Aggregator - Cross Border (PA-CB) authorisation. The authorisation enables BRISKPE to operate as a
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Feb trade surplus suggests a sharp downside risk to India's current accoun
Updated : 1 year ago IST
India's current account deficit is likely to see a sharp downside risk for FY25 GDP, as seen in the sharp positive surprise in February trade data according to a report by the Union Bank of India (UBI). India's trade deficit for February 2025 has seen a rare surplus of USD 4.4 billion. Read More
Moody's places IndusInd bank credit assessment on review for downgrade
Updated : 1 year ago IST
The bank has discovered a USD 175 million accounting discrepancy related to currency derivatives. Shares have dropped over 28 per cent since the Reserve Bank of India decided to extend the term of CEO Sumant Kathpalia's by a year.
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PM Modi commends RBI's digital innovation as it bags Central Banking award
Updated : 1 year ago IST
Prime Minister Narendra Modi said digital innovation continues to strengthen India's financial ecosystem- empowering countless lives- as he commended the Reserve Bank of India for bagging the Digital Transformation Award 2025 from Central Banking, London, UK.
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IndusInd bank is well-capitalised; No need for depositors to worry: RBI
Updated : 1 year ago IST
Amid the ongoing crisis in the IndusInd bank, the Reserve Bank of India (RBI) on Saturday released a statement stating that the bank is well capitalised and financially stable.
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India's wholesale inflation likely fell to 2 pc in February from 2.3 pc in
Updated : 1 year ago IST
India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
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India's trade deficit likely narrowed to USD 21.5 Bln in February from USD
Updated : 1 year ago IST
India's trade deficit likely narrowed to USD 21.5 billion in February, down from USD 23 billion in January, according to a report by Union Bank of India.
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Fitch affirms stable rating on Union Bank of India
Updated : 1 year ago IST
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Union Bank of India at 'BBB-' and its outlook as 'Stable'.
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