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BoM celebrates 88th Business Commencement Day, Launches slew of Digital pr
Updated : 3 years, 1 month ago IST
Pune (Maharashtra) [India], February 10 (ANI/PNN): Bank of Maharashtra (BoM), a premier public sector bank in the country, celebrated its 88th Business Commencement Day on 8th February 2023. Shri A S Rajeev, Managing Director & CEO, Shri A B Vijayakumar, Shri Asheesh Pandey, Executive Di
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RBI Repo Rate Hike: Real Estate Sector Voices for Stability
Updated : 3 years, 1 month ago IST
New Delhi [India], February 10 (ANI/NewsVoir): The Reserve Bank of India (RBI) recently raised its repo rate by 25 basis points, taking the total interest rate to 6.5 per cent. While this is only a nominal increase and is not expected to impact the real estate sector, both residential and co
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Indian stocks rally on a day RBI raises repo rate
Updated : 3 years, 1 month ago IST
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
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Has taken number of steps to strengthen resilience of Indian banks: RBI Gu
Updated : 3 years, 1 month ago IST
While addressing the queries of the media during a press conference after the announcement of the Monetary Policy's outcome, he said RBI has taken a number of steps to strengthen the resilience of Indian banks and it has set guidelines on risk management committees and made it mandatory to a
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RBI expected to remain cautious with focus on achieving full growth potent
Updated : 3 years, 1 month ago IST
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
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RBI refrains from giving any forward guidance: Governor Shaktikanta Das
Updated : 3 years, 1 month ago IST
The governor was responding to the media in a post-meeting news conference on a query on forward guidance on Wednesday.
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Eight banks participated in digital currency project: RBI Deputy Governor
Updated : 3 years, 1 month ago IST
T Rabi Sankar said that there are currently over 50,000 retail central bank digital currency (CBDC) users in India.
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Current account deficit for first half of 2022-23 at 3.3 pc of GDP: RBI Gu
Updated : 3 years, 1 month ago IST
RBI Governor Shaktikanta Das said, "The situation has shown improvement in Q3:2022-23 (third quarter or October-December) as imports moderated in the wake of lower commodity prices, resulting in narrowing of the merchandise trade deficit."
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RBI restores market hours for government securities to pre-Covid timing
Updated : 3 years, 1 month ago IST
The central bank's governor said, "As part of our gradual move towards normalising liquidity and market operations, it has now been decided to restore market hours for the government securities (G-secs) market to the pre-pandemic timing of 9 am to 5 pm."
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Foreign portfolio flows show signs of improvement: RBI Governor
Updated : 3 years, 1 month ago IST
The RBI governor said net foreign direct investment (FDI) flows remain strong at USD 22.3 billion during April-December 2022. It was USD 24.8 billion in the corresponding period last year, he added.
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Here's what analysts and experts have to say about RBI's monetary policy
Updated : 3 years, 1 month ago IST
Since May last year, the RBI has increased the short-term lending rate by 250 basis points, including today's, to contain inflation.
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RBI proposes UPI payments facility for inbound travellers
Updated : 3 years, 1 month ago IST
Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country.
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