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RBI to make NEFT available 24x7 for encouraging digital payments
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) plans to make online payment system National Electronic Funds Transfer (NEFT) available round-the-clock in a bid to boost digital transactions.
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RBI cuts repo rate by 35 basis points to 5.4 pc, reduces growth forecast t
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Wednesday cut repo rate for the fourth consecutive time this calendar year to 5.4 per cent from the current 5.75 per cent amid low inflation, faltering economic growth and uncertain global scenario.
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RBI cuts repo rate by 35 basis points to 5.4 pc
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Wednesday cut repo rate for the fourth consecutive time this calendar year to 5.4 per cent from the current 5.75 per cent amid low inflation, faltering economic growth and uncertain global scenario.
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Equity indices in green ahead of RBI decision on key interest rates
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 7 (ANI): Equity benchmark indices were in the positive zone during early trading on Wednesday ahead of the Reserve Bank of India's monetary policy decision on key interest rates.
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Equity indices surge ahead of RBI's monetary policy decision, Indiabulls H
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 6 (ANI): Equity benchmark indices were in the positive zone on Tuesday, a day before the central bank's monetary policy decision on key interest rates.
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Online Fixed Deposit with Bajaj Finance: Play it smart when FD interest ra
Updated : 6 years, 7 months ago IST
Pune (Maharashtra) [India] August 06 (ANI/BusinessWire India): The Reserve Bank of India (RBI) has reduced the repo rate by 75 basis points in the past 6 months and is expected to deliver a fourth consecutive rate cut of 25 basis points on August 7, 2019.
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Repo rate could touch 5 pc level by March 2020: SBI report
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 5 (ANI): The Reserve Bank of India (RBI) may cut repo rate by 25 basis points (bps) in its August 7 policy meet and further reduce it by 50 to 75 bps to achieve the level of less than or equal to 5 per cent by March 2020, according to State Bank of India's r
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Eight PSU banks fined by RBI for violating regulatory norms
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 3 (ANI): The Reserve Bank of India (RBI) has imposed a penalty ranging between Rs one crore to two crore on eight government-owned banks for violating norms on fraud classification, bill discounting and monitoring of end use of funds.
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Technical snag delayed payment of salaries : Andhra Pradesh govt
Updated : 6 years, 7 months ago IST
Amaravati (Andhra Pradesh) [India], Aug 2 (ANI): The Andhra Pradesh government on Friday said that the delay in payment of salaries to the state government employees was due to "technical snags".
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Noted economist Subir Gokarn passes away in Washington after brief illness
Updated : 6 years, 7 months ago IST
New Delhi [India], July 31 (ANI): Noted economist and former RBI Deputy Governor Subir Vithal Gokarn has passed away after a brief illness, the government said on Wednesday.
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RBI Money Museum promotes people's knowledge of banking system
Updated : 6 years, 7 months ago IST
Kolkata (West Bengal) [India] July 31 (ANI): The Reserve Bank of India (RBI) Money Museum at Council House Street in Central Kolkata, which opened earlier this year, has been drawing a lot of attention for its unique initiative. The museum has been built with an aim to improve people's knowl
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Real estate sector facing challenges of liquidity, land acquisition: NARED
Updated : 6 years, 7 months ago IST
New Delhi [India], July 29 (ANI): The real estate sector is facing major challenges of liquidity squeeze and has not benefitted from recent interest rate cuts by the Reserve Bank of India, the National Real Estate Development Council (NAREDCO) said on Monday.
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