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SBI Research anticipates RBI repo rate cut in February policy meet
Updated : 1 year, 8 months ago IST
Reserve Bank is expected to cut repo rates in February 2025 and such a decision, it at all taken, is unlikely to be impacted by rupee's weakness against the dollar, asserted SBI Research in a report.
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RBI introduces podcast as tool for wider dissemination of useful informati
Updated : 1 year, 8 months ago IST
In latest move towards effective communication, Reserve Bank of India has decided to launch podcasts for wider dissemination of information that is of interest to the public.
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LIC Bima Sakhi Yojana set to be inaugurated by PM Modi on Monday
Updated : 1 year, 8 months ago IST
It is expected that the function will be graced by Haryana Governor Bandaru Dattatreya, Finance Minister Nirmala Sitharaman, Haryana Chief Minister Nayab Singh Saini, and select Ministers from central government and state government.
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Tibetan monk faces family tragedy, health struggles after release from Chi
Updated : 1 year, 8 months ago IST
Tibetan Buddhist monk Rachung Gendun, imprisoned for sending donations to the Dalai Lama, has been released after serving three and a half years in Chinese detention. Reports indicate he is in poor health and receiving treatment at a hospital in Chengdu. During his incarceration, Gendun endu
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CRR cut by RBI expected to provide support to Net Interest Margins of bank
Updated : 1 year, 8 months ago IST
The Reserve Bank of India's (RBI) decision to cut the Cash Reserve Ratio (CRR) is expected to provide marginal support to the Net Interest Margins (NIMs) of banks, according to a report by Axis Securities.
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Industry welcomes CRR cut, anticipates rate cut to follow
Updated : 1 year, 8 months ago IST
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.
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RBI announces linking of pre-sanctioned credit lines with UPI to enhance f
Updated : 1 year, 8 months ago IST
The RBI proposed extending the scope of pre-sanctioned credit lines via the Unified Payments Interface (UPI) to Small Finance Banks (SFBs).
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RBI cuts CRR by 50bps to infuse Rs 1.15 lakh crore in the banking system
Updated : 1 year, 8 months ago IST
By this, 1.15 lac crore liquidity will be infused into the backing system. Governor Das outlined the inflation projections for FY24-25, pegging Consumer Price Index (CPI) inflation at 4.8 per cent. Quarter-wise, inflation is forecasted at 5.7 per cent for Q3 and 4.5 per cent for Q4. For F
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RBI Keeps Repo Rate Unchanged at 6.5 pc; GDP growth for FY25 reduced to 6.
Updated : 1 year, 8 months ago IST
"As a result, the Standing Deposit Facility (SDF) rate remains at 6.25 per cent, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75 per cent," Das added.
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Karan Aanand, Monal Gajjar talk about their film 'Jaaiye Aap Kahan Jaayeng
Updated : 1 year, 8 months ago IST
Actors Karan Aanand and Monal Gajjar talked about their film 'Jaaiye Aap Kahan Jaayenge' and how it deals with the problem of defecating in the open due to lack of infrastructure and maintenance of hygiene in the public toilets.
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RBI may go for CRR cut instead of repo rate reduction in monetary policy:
Updated : 1 year, 8 months ago IST
The policy outcome is scheduled to be announced on Friday, December 6. The MPC faces the challenging task of balancing the need to stimulate economic growth amid a slowing economy while keeping inflation under control.
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Pakistan: Four more cases of abduction reported in Balochistan
Updated : 1 year, 8 months ago IST
Pakistan security forces reportedly abducted four more individuals in the Dera Bugti and Kech districts of Balochistan on Monday, escalating the cases of enforced disappearances in recent months.
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