Search For "bank of india"
RBI increases UPI limit for keypad phones, UPI lite wallet limit also incr
Updated : 1 year, 5 months ago IST
In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
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RBI cautioned NBFCs for incentives and targets for loans, warned action
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
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RBI MPC announcement today, unlikely change in rates, RBI may change stanc
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
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M Rajeshwar Rao re-appointed RBI Deputy Governor for another year
Updated : 1 year, 5 months ago IST
The central government has re-appointed M Rajeshwar Rao as Deputy Governor, Reserve Bank of India for one year with effect from October 09, 2024, or until further orders, whichever is earlier.
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Tata Motors Finance and Bank of India Ink Co-Sourcing Pact for Financing o
Updated : 1 year, 5 months ago IST
New Delhi [India], October 7: In a major collaborative move, Tata Motors Finance (TMF), one of India's leading automotive financiers, and Bank of India, have joined forces by entering into a strategic co-sourcing agreement aimed at enhancing financing accessibility for commercial vehicle own
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RBI will evaluate global commodity prices before deciding on rate cut: Yes
Updated : 1 year, 5 months ago IST
As the Reserve Bank of India's (RBI) ongoing meeting draws attention, experts widely believe that the central bank will not announce any changes to the repo rate during this session.
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RBI's monetary policy committee meeting begins today; policy to be announc
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting today, which will run from October 7 to October 9.
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Rupee will hover near current levels with a positive bias: UBI Report
Updated : 1 year, 5 months ago IST
Technically, experts suggest that the rupee may find support at Rs 83.76, with strong resistance around Rs 83.99. A breach of these levels could push the currency to test Rs 84.16, last seen in non-deliverable forward (NDF) markets.
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RBI may shift monetary stance to 'Neutral'; rate cuts likely by December 2
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, rate cuts likely to commence from December, according to a report by Nuvama.
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RBI appoints Aviral Jain as new Executive Director
Updated : 1 year, 5 months ago IST
As Executive Director, Jain will look after the Legal Department, Premises Department and Right to Information Act (First Appellate Authority).
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RBI's potential 50 bps rate cut will have 15-20 bps impact on bank's net i
Updated : 1 year, 5 months ago IST
If the Reserve Bank of India goes for a potential 50 basis point (bp) cut in the repo rate, it is expected to negatively impact the net interest margins (NIMs) of large private banks by 15-20 basis points, highlighted a report by Nomura.
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RBI unlikely to cut rate as India's growth is higher than potential output
Updated : 1 year, 5 months ago IST
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
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