Search For "bank of india"
Brickwork Ratings (BWR) approved by RBI for Bank Risk-Weighting Claims
Updated : 1 year, 11 months ago IST
Bengaluru (Karnataka) [India], July 16: The Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
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RBI mandates banks to set up committees for inspection of fraud cases afte
Updated : 1 year, 11 months ago IST
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
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SBI raises lending rates by 5 to 10 bps, new loans to cost more
Updated : 1 year, 12 months ago IST
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based Lending Rate (MCLR) by 5-10 basis points for most tenors.
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ED raids 8 locations linked to Jyoti Power Corp in Rs 196.82 crore bank fr
Updated : 1 year, 12 months ago IST
Enforcement Directorate (ED) carried out search operations under the Prevention of Money Laundering Act (PMLA) against Jyoti Power Corporation Pvt. Ltd. and its Directors, Kamlesh Mavjibhai Katariya and Nitesh Mavjibhai Katariya, and others.
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India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 12 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
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Jio Financials gets RBI nod to become Core Investment Company
Updated : 1 year, 12 months ago IST
Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC).
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12.5 crore jobs created under Modi govt; 2.9 crore under UPA rule: Hardeep
Updated : 1 year, 12 months ago IST
Lauding the findings of State Bank of India (SBI) report,Union Minister Hardeep Singh Puri said that only 2.9 crore jobs were created during UPA's 10 year rule in comparison to 12.5 crore jobs created by the Modi-led government in the past ten years.
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SBI Caps report highlights optimistic outlook for the Indian economy, desp
Updated : 1 year, 12 months ago IST
State Bank of India (SBICAPS) report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch" observed a positive demand momentum in major sectors of the economy.
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The government will continue on the path to fiscal consolidation in FY25:
Updated : 2 years ago IST
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
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Bank credit in FY25 is likely to be between 13-15 pc, suggest a rise econo
Updated : 2 years ago IST
The capital market activity in June was marked by lower G-Sec supply and increased Foreign Portfolio Investor (FPI) inflows, supported by index inclusions, which helped prevent crowding-out effects. Bank credit continued its strong growth momentum, exceeding 15 per cent year-on-year as of mi
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Government should devise alternative mechanisms of MSP to guarantee fair p
Updated : 2 years ago IST
Amid demands of a legal guarantee for minimum support price (MSP) for agriculture produce, a recent research report by State Bank of India, suggests government to devise alternative mechanisms to support farmers in the upcoming union budget.
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India doubts credibility of Citigroup report on state of employment
Updated : 2 years ago IST
The central government on Monday strongly refuted the recent Citigroup report put out on the state of employment in India and the outlook around it.
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