Search For "bank of india"
Bank of Maharashtra gets the regulator's nod for Gift City Branch
Updated : 1 year, 1 month ago IST
Mumbai (Maharashtra) [India], February 17: Bank of Maharashtra, a premier public sector bank in India, announced today that it has received approval from Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit in GIFT City. The branch will function as B
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Impact of U.S. Tariff Reciprocity on Indian exports likely to be limited:
Updated : 11 months, 2 weeks ago IST
The impact of U.S. tariff reciprocity on Indian exports is expected to be minimal, despite concerns over trade restrictions, according to a report by State Bank of India.
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India's inflation to average 4.8 per cent in 2025; decline in Jan opens ro
Updated : 1 year, 1 month ago IST
According to a report by Centrum Institutional Research, the recent decline in consumer price inflation (CPI) for January could provide the Reserve Bank of India (RBI) with enough room for another 25 basis points (bps) rate cut in the near future.
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RBI supersedes New India Cooperative Bank board for 12 months
Updated : 1 year, 1 month ago IST
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement Friday, a day after it imposed several restrictions on the lender.
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Panicky customers flock to New India Co-operative Bank branches after RBI
Updated : 1 year, 1 month ago IST
Account holders in thousands gathered outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India put several restrictions on the lender.
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India Exim Bank projects merchandise exports to reach USD 124.8 billion in
Updated : 1 year, 1 month ago IST
The Export-Import Bank of India (India Exim Bank) has projected India's total merchandise exports for the fourth quarter (January-March) of financial Year (FY) 2025 to reach USD 124.8 billion, reflecting a year-on-year growth of 3.64 per cent.
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RBI asks NBFCs to become part of Unified Lending Interface for better fina
Updated : 1 year, 1 month ago IST
Sanjay Malhotra, Governor, of the Reserve Bank of India (RBI) on Thursday asked Non-Banking Financial Companies (NBFCs) across all layers to become part of the Unified Lending Interface (ULI) being put in place by the Reserve Bank.
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India's trade deficit likely to narrow to USD 20.88 bn in Jan from USD 21.
Updated : 1 year, 1 month ago IST
India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.
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RBI's inflation target seems feasible with softened vegetable prices, skew
Updated : 1 year, 1 month ago IST
India's inflation outlook appears favorable, with the possibility of aligning with the Reserve Bank of India's (RBI) 4 per cent target in the coming months, highlighted a report by Bank of Baroda.
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RBI's gold buying is not to replace dollar for international settlements:
Updated : 1 year, 1 month ago IST
Finance Minister Nirmala Sitharaman clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), are not intended to replace any international currency.
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RBI may cut interest rates further by 50 bps in 2025, stance to turn accom
Updated : 1 year, 1 month ago IST
The Reserve Bank of India (RBI) may cut interest rates further by 50 basis points (bps) in 2025 and shift its stance from "neutral" to "accommodative," according to a report by Bank of Baroda.
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Union Bank of India sees lower inflation for FY25 and FY26 than MPC estima
Updated : 1 year, 1 month ago IST
UBI stated, "MPC revised FY25 growth projection to 6.4 per cent from 6.6 per cent previously even as it projects recovery to 6.7 per cent in FY26. We see downside risk to 6.4 per cent growth forecast for FY25 as it assumes Dec'24 quarter growth above 6.5 per cent while its tracking close to
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