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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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RBI to release policy at 10 am today, rate change unlikely: experts
Updated : 1 year, 11 months ago IST
RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.
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Centre approves appointments of new Chairman, Managing Director of State B
Updated : 1 year, 11 months ago IST
The central government has approved the appointment of the new chairman of State Bank of India as the incumbent Chairman Dinesh Kumar Khara is set to retire on August 28.
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RBI expected to hold repo rate steady in upcoming MPC meeting: Care Edge
Updated : 1 year, 11 months ago IST
Adding the reasons behind its anticipation, the credit agency further emphasized factors such as the inflation and, overall risk of food inflation due to the above-normal monsoon will influence the decision of the monetary committee.
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ARTH Partners With deAsra Foundation To Empower Nano and Small Businesses
Updated : 1 year, 11 months ago IST
Gurugram (Haryana) [India], August 6: ARTH, a licensed Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), specializing in providing financial services to nano and small businesses, has entered into a strategic partnership with deAsra Foundation. This collab
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No rate cut on Thursday MPC meeting, RBI may cut rate in October policy re
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has started its three-day monetary policy committee (MPC) meeting in Mumbai on Tuesday.
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RBI unlikely to cut repo rate on August 8 monetary policy: Experts
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.
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Credit growth in banks continues to outpace deposits: SBI report
Updated : 1 year, 11 months ago IST
A research report by the State Bank of India (SBI) highlights the continuous upward trend in credit growth in Indian banks, which is outpacing the growth of deposits.
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SBI records net profit of Rs 17,035 cr with increase in operating profit b
Updated : 1 year, 11 months ago IST
The operating profit for the quarter saw a more significant rise, increasing by 4.55 per cent YoY to Rs 26,449 crores. The bank's Return on Assets (ROA) and Return on Equity (ROE) stood at 1.10 per cent and 20.98 per cent respectively, underscoring the bank's efficient management and profita
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2.08 pc of Rs 2000 notes, valued Rs 7,409 crore, still to be returned: RBI
Updated : 1 year, 11 months ago IST
The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was October 7, 2023. However, the window for depositing and/or exchanging the Rs 2,000 banknotes continues to be available at the 19 issue offices of the RBI.
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April-June 2024 figures suggest fiscal deficit at Rs 1.4 tn Vs Rs 4.5 tn (
Updated : 1 year, 11 months ago IST
India's fiscal deficit reduced to Rs 1.4 trillion during April-June 2024, down from Rs 4.5 trillion reported in the same period last year, according to a report by Anand Rathi Equity, a financial services company.
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RBI proposes alternative methods for authentication of digital payments, i
Updated : 1 year, 11 months ago IST
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms to supplement the SMS-based OTP system for digital payment transactions.
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