HFCs unlikely to face difficulty in complying with deposit norms

Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank...

RBI regional director meets Himachal CM, discusses banking sector

The Regional Director of the Reserve Bank of India Anupam Kishore called on Himachal Pradesh Chief Minister Thakur...

RBI Dy Governor stresses need to evolve deposit insurance system

Reserve Bank of India (RBI) Deputy Governor Michael Patra underscored the urgent need for evolving deposit insurance...

RBI expected to begin rate cuts in October, with two reductions

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors...

FM Nirmala Sitharaman attends RBI meeting in Delhi

Union Finance Minister Nirmala Sitharaman on Saturday addended a meeting with members of the Central Board of...

Sitharaman introduces Banking Laws (Amendment) Bill

The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India...

Nirmala Sitharaman to introduce new bills to amend banking laws

As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will...

SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast

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,...

High food prices raise concerns but improved monsoon offers hope

The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as...

Lenders to share credit information fortnightly from Jan 2025

The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit...

Sensex and Nifty close 582 and 180 points down

The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged...

Economists & Industry welcomed RBI’s decision of no rate cut amid

Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that...