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Housing finance companies unlikely to face difficulty in complying with re
Updated : 1 year, 11 months ago IST
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India's (RBI) revised norms for raising public deposits issued on August 12, 2024, said Crisil Ratings.
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RBI regional director meets Himachal CM, discusses state's banking sector
Updated : 1 year, 11 months ago IST
The Regional Director of the Reserve Bank of India Anupam Kishore called on Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu in the state's capital Shimla.
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RBI Dy Governor highlights urgent need to evolve deposit insurance system
Updated : 1 year, 11 months ago IST
Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance systems to meet the challenges posed by rapid financial innovation and climate change at an event organised by the Deposit Insurance Corporation of Global Communities (DICGC)
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RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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FM Nirmala Sitharaman attends RBI Board of Directors meeting
Updated : 1 year, 11 months ago IST
Union Finance Minister Nirmala Sitharaman on Saturday addended a meeting with members of the Central Board of Directors of Reserve Bank of India (RBI) in New Delhi.
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 11 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 11 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 p
Updated : 1 year, 11 months ago IST
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 11 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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Lenders to share credit information on fortnightly basis instead of monthl
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
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Sensex and Nifty close 582 and 180 points down after RBI keeps rates uncha
Updated : 1 year, 11 months ago IST
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
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Economists & Industry welcomed RBI's decision of no rate cut amid conc
Updated : 1 year, 11 months ago IST
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
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