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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal
Updated : 3 years, 9 months ago IST
New Delhi [India], June 14 (ANI): Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on
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Zydus Life's Pankaj R Patel named on RBI Central Board
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 14 (ANI): Zydus Lifesciences Limited's chairman Pankaj R Patel has been appointed as a part-time non-official director in the Central Board of the Reserve Bank of India (RBI), the company said on Tuesday.
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RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 13 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty on Urban Co-operative Bank Ltd, Budaun for contravention of the central bank's regulations.
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Retail inflation eases to 7.04 per cent in May; remains above RBI toleranc
Updated : 3 years, 9 months ago IST
New Delhi [India], June 13 (ANI): India's headline retail inflation eased to 7.04 per cent in May from an 8-year high of 7.79 per cent recorded in the previous month on softening food prices, government data showed on Monday.
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RBL Bank appoints R Subramaniakumar as new MD
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 11 (ANI): Private sector lender RBL Bank on Saturday announced the appointment of veteran banker R Subramaniakumar as its new managing director and chief executive officer (CEO).
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India's forex reserves slide by $306 million to $601 billion
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 11 (ANI): India's foreign exchange (forex) reserves fell by $306 million to $601.057 billion for the week ended June 3 dragged by a sharp decline in the value of foreign currency assets, the Reserve Bank of India (RBI) data showed.
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RBI Deputy Governors discuss regulatory issues with CEOs of small finance
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 10 (ANI): The Reserve Bank of India's (RBI) deputy governors, M Rajeshwar Rao and M K Jain on Friday met with managing directors (MDs) and chief executive officers (CEOs) of small finance banks to discuss governance and regulatory issues.
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Amit Shah welcomes important steps announced by RBI to increase credit flo
Updated : 3 years, 9 months ago IST
New Delhi [India], June 9 (ANI): Union Minister for Home and Cooperation Amit Shah on Thursday welcomed the important steps announced by the Reserve Bank of India (RBI) to increase credit flow through cooperative banks.
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Repo Rate Hike: How real estate developers reacted
Updated : 3 years, 9 months ago IST
New Delhi [India], June 9 (ANI/NewsVoir): The hike in repo rate of 50 BPS by RBI has evoked a mixed bag of feelings in the real estate sector.
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RBI Governor advises Indian entrepreneurs to adjust to new business models
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 9 (ANI): Businesses are facing multiple challenges posed by shocks such as the global financial crisis, COVID-19 pandemic, and now the war in Europe and the success of Indian entrepreneurs in the coming years will depend on how quickly and efficiently they
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Sensex extends losing run to 4th day as RBI hikes policy repo rate
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Indian stock markets' key indices, Sensex and Nifty, closed in the red for the fourth straight day on Wednesday as the Reserve Bank of India (RBI) hiked policy repo rate by 50 basis points to tame inflation.
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Sensex rises 153 points after RBI retains GDP growth forecast at 7.2 per c
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Indian stock markets' key indices, Sensex and Nifty, turned positive after the Reserve Bank of India (RBI) retained the GDP growth forecast for the current fiscal at 7.2 per cent and hiked policy repo rate by 50 basis points to tame inflation.
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