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RBI releases first set of norms for digital lending
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 10 (ANI): The Reserve Bank of India (RBI) on Wednesday released the first set of norms to regulate digital lending to crack down on the growing number of online frauds and unlawful activities.
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RBI imposes monetary penalty on Goa State Co-operative Bank
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 2.51 lakh on the Goa State Co-operative Bank Ltd, Panaji, for non-compliance with certain provisions of the Banking Regulation Act.
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RBI hikes repo rate: How real estate developers reacted
Updated : 3 years, 7 months ago IST
New Delhi [India], August 8 (ANI/NewsVoir): Coming on the heels of a 50 BPS increase in the last MPC meeting, the hike in repo rate of 50 BPS by RBI last week raises the lending rate to 5.4 per cent and brings it at par with pre-pandemic levels. Even though it appears marginal, it has evoked
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RBI maintained consistency in its monetary policy statement: FICCI
Updated : 3 years, 7 months ago IST
New Delhi [India], August 7 (ANI): The Reserve Bank of India has maintained consistency in the recent monetary policy statement by focusing on the "withdrawal of accommodation" as its stance to contain inflation, said industry body FICCI.
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Monetary policy over, stock investors' focus shifts to inflation data
Updated : 3 years, 7 months ago IST
New Delhi [India], August 7 (ANI): With the Reserve Bank of India's monetary policy committee meeting over on Friday, the focus of Indian stock market investors will now shift to inflation data, both in India and the US, expected next week.
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Canara Bank hikes lending rate by 50 basis points
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): Canara Bank has decided to hike its repo rate linked lending rate by 50 basis points or 0.50 per cent to 8.30 per cent with effect from August 7.
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India's forex reserves rise by $2.31 billion after 4 straight weekly fall
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): India's foreign exchange (forex) reserves rose by $2.315 billion to $573.875 billion for the week ended July 29 on the back of robust capital inflows in the equities markets and strengthening of rupee from the record low, the Reserve Bank of Indi
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After Slope Wallet Hack drains £5 Million, How Can You Keep Your Cryp
Updated : 3 years, 7 months ago IST
New Delhi [India], August 6 (ANI/ATK): On Wednesday 3rd of August 2022, it was revealed that Solana (SOL) was facing a massive issue of security after a hack drained 8000 users of over £5 Million in cryptocurrency.
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Andhra Pradesh CM asks officials to maximize farmer benefits, ensure quali
Updated : 3 years, 7 months ago IST
Amaravati (Andra Pradesh) [India], August 6 (ANI): Andra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday conducted a review of the Agriculture Department and emphasized providing quality seeds to the farmers and directed the officials to complete 100 per cent e-cropping to maximize the
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Sensex closes 89 points higher as RBI hikes policy repo rate by 50 bps
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Indian stock market's benchmark Sensex closed 89 points higher in a volatile session on Friday after the Reserve Bank of India (RBI) hiked the policy repo rate by 50 basis points to tame inflation.
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RBI Governor says, 50 bps rate hike is the new normal across the world
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said 50 basis points or 0.50 per cent hike in policy rates has become a new normal for the central banks across the world.
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RBI hikes repo rate for third time: Here's what experts have to say
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], August 5 (ANI): The monetary policy committee of the Reserve Bank of India (RBI) has decided to raise the repo rate by 50 basis points to 5.40 per cent in order to contain the persistently high inflation. Today's hike takes the repo rate above pre-pandemic level
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