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RBI's special audit over, IIFL Finance appoints team to implement correcti
Updated : 2 years ago IST
IIFL Finance, which caught the eyes of the Reserve Bank of India (RBI) for the significant irregularities in its gold loan portfolio, said it has taken necessary measures to address the identified concerns and prevent their recurrence.
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Reserve Bank of India wins risk manager of the year award 2024
Updated : 2 years ago IST
This accolade recognizes RBI's exemplary strides in enhancing its risk culture and awareness, affirming its pivotal role in safeguarding the stability of the Indian financial system.
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External Affairs Ministry, SBI ink MoU to enhance digital payment services
Updated : 2 years ago IST
The Ministry of External Affairs (MEA) and the State Bank of India (SBI) signed a Memorandum of Understanding (MoU) on Saturday to enhance digital payment services for users of the eMigrate portal.
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India's foreign exchange reserves touch fresh highs at USD 655.8 billion
Updated : 2 years ago IST
India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed.
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SBI to raise USD 3 billion through debt in the current fiscal year FY25
Updated : 2 years ago IST
India's largest public sector bank, State Bank of India, said through an exchange filing that its board has approved raising up to USD 3 billion via debt in the current financial year. In the exchange filing, the state-run lender says
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Anticipate repo rate cut only in late 2024: SBI Capital Markets
Updated : 2 years, 1 month ago IST
SBI Capital Markets anticipated the interest rate cut in the late calendar year of 2024, adding that the Reserve Bank of India (RBI) is now focusing on local disinflation and growth while monitoring global trends.
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Steady repo rate supports affordability, confidence in housing market: Ana
Updated : 2 years, 1 month ago IST
The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged again is a boon for the Indian real estate sector, said real estate consultancy firm Anarock.
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Financial stability challenges need to be discussed, IMF MD echoed RBI's D
Updated : 2 years, 1 month ago IST
Georgieva, while welcoming the participants of the 23rd annual conference, invoked the need to supervise the dynamic financial sector. "Changes are being driven by many factors--from economic developments to geopolitics to climate--and by the force of ever-accelerating technological advancem
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Asia's economic boom: India's 7.2 pc growth projection sets pace in outper
Updated : 2 years, 1 month ago IST
This optimistic outlook aligns with the Reserve Bank of India's (RBI) latest monetary policy report, which predicts a robust growth rate of 7.2 per cent for India in the fiscal year 2025.
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Steady repo rate at 6.5 pc aligns with market expectations: NSE Macro revi
Updated : 2 years, 1 month ago IST
According to NSE Macro Review report, the policy repo rate remains unchanged at 6.5 per cent, with a continued 'withdrawal of accommodation' stance.
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Sensex touches all-time high, Nifty up 2 per cent on announcement of PM Mo
Updated : 2 years, 1 month ago IST
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 2 years, 1 month ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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