Search For "bank"
RBIs status quo on rate and low inflation will boost housing demand in fes
Updated : 7 months, 1 week ago IST
The Reserve Bank of India's decision to keep the repo rate unchanged at 5.5 percent will keep interest rates stable and sustain the momentum in the housing market, which will gain further as the festival season approaches noted experts.
Read More
5.5% terminal rate to remain for some time, rate cuts unlikely soon: Repor
Updated : 7 months, 1 week ago IST
The Reserve Bank of India (RBI) is likely to keep the terminal rate at 5.5 per cent for some time in the near-term, asserted Bank of Baroda Economist Jahnavi Prabhakar, citing the central bank's guidance that future actions will be data dependent and on basis of ongoing development on extern
Read More
RBI's status quo on rates reflects Confidence in economy and Caution amid
Updated : 7 months, 1 week ago IST
As the Reserve Bank of India's Monetary Policy Committee keeps the policy rates unchanged on Wednesday, Economists have largely welcomed the decision to hold the policy repo rate steady, viewing it as a balanced approach.
Read More
Bank credit down because corporates using bond market to raise funds: RBI
Updated : 7 months, 1 week ago IST
Corporates are increasingly relying on the bond market to raise funds as the transmission of policy rate cuts is faster in the money market compared to banks, Reserve Bank of India (RBI) Governor Sanjay Malhotra said on Wednesday while announcing the policy rates.
Read More
RBI to standardise claim settlement process for deceased customers' accoun
Updated : 7 months, 1 week ago IST
Sanjay Malhotra, Governor of Reserve Bank of India (RBI) announced that standardize the procedure for settling claims related to bank accounts and safe deposit lockers of deceased customers, aiming to simplify and streamline the overall claims process.
Read More
Despite trade uncertainty due to tariffs, RBI keeps GDP projection for FY2
Updated : 7 months, 1 week ago IST
Despite the uncertain global trade environment due to ongoing tariff announcements and trade negotiations, the Reserve Bank of India (RBI) has kept the GDP growth projection for the current financial year 2025-26 unchanged at 6.5 per cent.
Read More
RBI revises retail inflation downward to 3.1% for FY26 from 3.7% projectio
Updated : 7 months, 1 week ago IST
The Reserve Bank of India (RBI) has revised its Consumer Price Index (CPI) inflation projection for the financial year 2025-26 downward to 3.1% for the financial year 2026 (FY26), a significant reduction from the 3.7 per cent forecast made in June.
Read More
Axis Bank Introduces Industry-First 'Lock FD' Feature to Safeguard Term De
Updated : 7 months, 1 week ago IST
Mumbai (Maharashtra) [India], August 6: Axis Bank, one of the largest private sector banks in India, today announced the launch of an industry-first feature - 'Lock FD', designed to protect customers' term deposits from rising digital frauds. This innovative feature, available on the Bank's
Read More
RBI keeps Repo Rate unchanged at 5.5% in August policy meet
Updated : 7 months, 1 week ago IST
In an unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5 per cent in its August policy meeting. The decision was announced by RBI Governor Sanjay Malhotra on Wednesday.
Read More
Nifty, Sensex open flat ahead of RBI policy announcement, US-Russia talks
Updated : 7 months, 1 week ago IST
Indian stock markets opened flat on Wednesday amid a mix of domestic and global uncertainties, with investors opting for a cautious approach ahead of the Reserve Bank of India's monetary policy announcement and key geopolitical developments, including a critical US-Russia meeting.
Read More
RBI eases norms for trade in Indian rupee, removes approval requirement fo
Updated : 7 months, 1 week ago IST
In a significant move aimed at further facilitating trade in Indian Rupees, the Reserve Bank of India (RBI) has simplified the procedure for opening Special Rupee Vostro Accounts (SRVAs).
Read More
Increasing demand in India's retail credit presents opportunity for NBFCs
Updated : 7 months, 1 week ago IST
The rising demand in India's retail credit market has opened new opportunities for Non-Banking Financial Companies (NBFCs) to expand their investor base, according to a recent report by Crisil Intelligence.
Read More