In the first Quarter Final match of the day, Services Sports Control Board defeated Punjab & Sind Bank 4-3 thanks to goals from Harman Singh (23', 57'), Kuldeep (41') and Sanjit Toppo (54'). The three goals for Punjab & Sind Bank were struck by Sanjay (35'), Santa Singh (36') and Pra
The Chief Minister said that inspired by the vision of Lokapriya Gopinath Bordoloi, Assam Cooperative Apex Bank came into its existence on October 20 1948. Since then, the Bank has made steady progress in overcoming myriad challenges.
The Chairman of the country's largest bank said, "A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook. Imparting operational flexibility to banks in managing their investment in HTM (Held to Maturity) limit will have an order
A memorandum of understanding was signed between IDFC FIRST Bank and NASSCOM COE for appointing the lender as a preferred banking Partner for startups, at an event in Bengaluru, attended by startup founders.
By introducing single-block-and-multiple-debits functionality, Shaktikanta Das said this facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.
Bank linked their lending rates with repo rates on various term loans and this change in the repo rate will have an impact on the equated monthly instalment (EMIs) of citizens.
FICCI said this pragmatic approach of RBI will nurture growth and PHD Chamber said calibrated approach to maintain economic growth would be vital to attract investments as inflation is cooling down significantly.
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
The inflation trajectory has largely evolved in line with the outlook given by us in June 2022, Shaktikanta Das said, adding that going forward, food inflation is likely to moderate with the usual winter softening and the likelihood of a bountiful rabi harvest.
The Monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 35 basis points to 6.25 per cent with immediate effect.
Deposit withdrawal will be restricted to Rs 10,000 per depositor during the entire six months that the Bank will be under directions, with effect from the close of business on December 6.