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Stocks plunge despite RBI rate cut, financials under pressure
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of fiscal
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RBI scraps charges for RTGS and NEFT transactions
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): In an effort to boost digital payments, the Reserve Bank of India (RBI) on Thursday scrapped charges levied on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions.
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RBI cuts repo rate by 25 basis points to 5.75 pc, shifts policy stance to
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling economic growth and uncertain global scenario.
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RBI cuts repo rate by 25 basis points to 5.75 pc
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling economic growth and uncertain global scenario.
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Equities trade lower ahead of RBI monetary policy meet
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were in the negative zone during early hours on Thursday as investors awaited the outcome of Reserve Bank of India's monetary policy committee meeting on key interest rates.
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Interest rate cut in monetary policy unlikely to stimulate growth: Ind-Ra
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 5 (ANI): India Ratings and Research (Ind-Ra) said on Wednesday that an interest rate cut by the Reserve Bank of India (RBI), which is almost certain in the second bi-monthly monetary policy statement for 2019-20, is unlikely to stimulate demand in the near-
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World Bank retains India's growth rate for FY19-20 at 7.5%
Updated : 6 years, 9 months ago IST
New Delhi [India], June 5 (ANI): The World Bank retained its forecast of India's growth rate at 7.5 per cent for the current financial year.
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Selling pressure pulls down equity indices as investors hope for interest
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI): Equity benchmark indices ended in the negative territory on Tuesday as traders booked profit and investors awaited the Reserve Bank of India's (RBI) decision on interest rates later this week.
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RBI tweaks exposure framework for banks, introduces economic inter-depende
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) has made changes in guidelines on large exposures framework for banks to reduce the concentration of risk and align them with global norms.
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Stock markets rally 1.4 pc as investors pin hopes on interest rate cut
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 3 (ANI): Equity benchmark indices ended at record closing highs on Monday as investors pinned hopes on a possible interest rate cut to bolster the economy.
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Financial Literacy Week to commence from June 3-7, says RBI
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 1 (ANI): Financial Literacy Week 2019 will be observed from June 3-7 on the theme of "Farmers" and how they benefit by being a part of the formal banking system, said a press note from Reserve Bank of India (RBI) on Saturday.
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RBI constitutes task force on development of secondary market for corporat
Updated : 6 years, 9 months ago IST
New Delhi [India], May 29 (ANI): Reserve Bank of India (RBI) on Thursday announced the creation of task force on the development of a secondary market for corporate loans.
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