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Nagar Urban Co-operative Bank Ahmednagar put under RBI 'directions'
Updated : 3 years, 3 months ago IST
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.
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2016 Demonetisation: "Can examine the manner in which decision was taken,"
Updated : 3 years, 3 months ago IST
The Supreme Court on Tuesday said that it has the power to examine the manner in which the decision for demonetisation was taken adding that the judiciary cannot fold its hands and sit just because it is an economic policy decision.
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World Bank sees inflation declining in India
Updated : 3 years, 3 months ago IST
India's October inflation dropped to 6.77 per cent, from 7.41 per cent in the preceding month, mainly due to easing prices in the food basket, though it remained above Reserve Bank's comfort level for the 10th month in a row.
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Rupee fared relatively well versus other emerging market currencies, says
Updated : 3 years, 3 months ago IST
Indian Rupee has fared relatively well in 2022 in comparison to other emerging market peers, said Dhruv Sharma, a senior economist at World Bank.
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Indian stocks extend losses to third day; all eyes on RBI policy meet
Updated : 3 years, 3 months ago IST
At the time of writing this report, Sensex traded at 62,600.88 points, down 233.72 points or 0.37 per cent, whereas Nifty traded at 18,627.45 points, down 73.60 points or 0.39 per cent.
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RBI, Centre informs SC that procedure was followed in 2016's demonetisatio
Updated : 3 years, 3 months ago IST
Appearing for Centre, Attorney General R Venkatramani and representing RBI, senior advocate Jaideep Gupta has defended the Centre's demonetisation decision before a five-judge constitution bench of the Supreme Court.
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RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank
Updated : 3 years, 3 months ago IST
The penalty was slapped on the non-adherence, violation of directions issued under exposure norms and statutory or other restrictions - urban cooperative banks, the central bank said.
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Delhi HC seeks RBI stand on PIL seeking uniform banking code for foreign e
Updated : 3 years, 3 months ago IST
A Public Interest Litigation (PIL) seeks direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions.
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35 basis points repo rate hike looks imminent from RBI policy meet: SBI Re
Updated : 3 years, 3 months ago IST
The SBI Research, in the report, said it believes 6.25 per cent could be the terminal rate in this monetary policy tightening cycle.
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Indian stock indices extend losses to second day; Sensex down over 300 pts
Updated : 3 years, 3 months ago IST
At the time of writing this report, Sensex traded at 62,516.75 points, down 351.75 points or 0.56 per cent, whereas Nifty traded at 18,600.80 points, down 95.30 points or 0.51 per cent. Rupee opened at 81.23 against the US dollar. On Friday, it closed at 81.32.
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Bank of Baroda expects 25-35 basis points rate hike from Dec 5-7 RBI polic
Updated : 3 years, 3 months ago IST
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
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RBI's 3-day monetary policy meet to start today; all eyes on rate hike sta
Updated : 3 years, 3 months ago IST
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
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