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Expect series of repo rate cuts starting October: SBI Research
Updated : 1 year, 11 months ago IST
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent
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RBI launches new website and mobile application
Updated : 1 year, 11 months ago IST
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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RBI imposes monetary penalty on IDFC First Bank for non-compliance with di
Updated : 1 year, 11 months ago IST
The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949
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SBI says monetary policy reflects India's high growth and low inflationary
Updated : 1 year, 11 months ago IST
The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
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RBI cancels registration of four non-banking financial companies
Updated : 1 year, 11 months ago IST
Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited.
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Indian benchmark indices flat after RBI keeps policy rates unchanged
Updated : 1 year, 11 months ago IST
The Sensex concludes at 74,248, registering a marginal uptick of 21 points, while the Nifty50 closed unchanged at 22,514 during the Friday's trading session. Notably, gains in stocks like Kotak Bank, ITC, HDFC Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, and SBI helped cushion the downsid
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Industry hails RBI's Monetary policy decisions
Updated : 1 year, 11 months ago IST
Industry welcomes Reserve Bank of India decisions in its first monetary policy report of FY 25. One of the key highlights of the report is the RBI's decision to maintain the repo rate at its current level, a move that has been widely applauded by industry leaders.
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Wheat price won't be affected, vegetable needs to be watched out: RBI Gove
Updated : 1 year, 11 months ago IST
Reserve Bank of India Governor Shaktikanta Das has said that the heatwave predictions in the coming months won't impact wheat prices, but the impact on vegetable prices needs to be watched out.
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'Elephant' out for a walk, says RBI Governor Das as FY25 CPI inflation pro
Updated : 1 year, 11 months ago IST
"Looking ahead, robust growth prospects provide the policy space to remain focused on inflation and ensure its descent to the target of 4 per cent," RBI Governor said announcing the decisions of the first MPC of FY25.
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RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 1 year, 11 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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At Monetary Policy meeting, RBI retains 7 % real growth rate projection fo
Updated : 1 year, 11 months ago IST
RBI Governor Shaktikanata Das, while announcing the RBI Monetary Policy Committee outcome on Friday, said that the growth is projected to be at 7.1 per cent in first quarter, followed by 6.9 per cent in second quarter and 7 per cent in both third and fourth quarters.
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RBI keeps repo rates unchanged at 6.5 pc after first Monetary Policy meeti
Updated : 1 year, 11 months ago IST
This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
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