Search For "bank of india"
RBI takes action against 4 NBFCs over excessive interest rates, non-compli
Updated : 1 year, 5 months ago IST
According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited (Kolkata), DMI Finance Private Limited (New Delhi), and Navi Finserv Limited (Bengaluru) were directed to cease and desist from sanction and disbursal of loans, effective from close of business of Oc
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High prices of imported crude, gold, and chemicals contributed to high inf
Updated : 1 year, 5 months ago IST
India's imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India (SBI).
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Uttarakhand govt signs MOUs with different banks to provide benefits to go
Updated : 1 year, 5 months ago IST
In the presence of Chief Minister Pushkar Singh Dhami and Finance Minister Premchand Aggarwal, State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank and District Cooperative Bank signed an MoU with the Uttarakhand government.
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Even with potential cut in repo rate, bank deposit rates unlikely to be lo
Updated : 1 year, 5 months ago IST
A research report highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
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Rising inflation may push RBI to continue with neutral stance for a longer
Updated : 1 year, 5 months ago IST
The soaring figures of retail inflation in September could force the Reserve Bank of India (RBI) to continue with neutral stance for a longer duration, stated SBI research, adding that "first rate cut could be based on growth, and need not be inflation."
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Rapid expansion of private credit market with limited regulation posing th
Updated : 1 year, 5 months ago IST
The private credit market's rapid expansion with limited regulation is posing a threat to the overall financial stability of the system, highlighted RBI Governor Shaktikanta Das on Monday.
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Heavy reliance on AI could lead to concentration risks in the financial se
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector.
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RBI directs payment service providers to enhance accessibility for persons
Updated : 1 year, 5 months ago IST
With digital payment systems becoming increasingly popular among all segments of the population, including differently-abled individuals, the RBI's latest guidelines urge payment system participants (PSPs)--comprising banks and authorized non-bank payment providers--to review and modify thei
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India's foreign exchange reserves see USD 3.7 billion dip after scaling al
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves dipped USD 3.7 billion to USD 701.18 billion as of October 4 after scaling all-time high, according to data released by Reserve Bank of India on Friday
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Deposit growth will soon outweigh credit growth: SBI Research
Updated : 1 year, 5 months ago IST
"Interestingly the yearly gap between credit and deposit growth has narrowed down to 150 bps during the latest fortnight which is lowest since 6 May'22. This indicates that deposit growth will soon outweigh credit growth." said the report.
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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rate cut with 7 per cent of growth never happened in India or globally: SB
Updated : 1 year, 5 months ago IST
After the RBI projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by State Bank of India noted that a rate cut with a 7 per cent growth never happened in the history.
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