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Delhi HC asks RBI to explain how G Pay is operating
Updated : 6 years, 11 months ago IST
New Delhi (India) Apr 10 (ANI): The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) to explain how Google's mobile payment app G Pay is facilitating financial transactions without requisite authorisation.
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SBI reduces its MCLR, housing loan rates from April 10
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 9 (ANI): Taking a cue from recent policy measures announced by the Reserve Bank of India (RBI), the State Bank of India (SBI) on Tuesday, reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps across all tenors, resulting in MCLR coming down f
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Indian Overseas Bank reduces interest rate on loans by 5 bps
Updated : 6 years, 11 months ago IST
Chennai (Tamil Nadu) [India], Apr 9 (ANI): Taking a cue from recent policy measures announced by Reserve Bank of India (RBI), Indian Overseas Bank reduced its interest rate on loans by 5 basis points for periods of one year and above.
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RBI cuts Repo rate by 0.25 per cent - now is the best time to avail high-i
Updated : 6 years, 11 months ago IST
Pune (Maharashtra) [India] April 9 (ANI/BusinessWire India): The last quarter of 2018 saw an increase in fixed deposit interest rates, due to factors such as an increase in loan to deposit ratio, falling value of Indian rupee and the rising crude prices. Owing to key rates rising by 0.5 p
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Lakshmi Vilas Bank-Indiabulls Housing Finance merger not approved: RBI
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 07 (ANI): The Reserve Bank of India (RBI) has said it has not approved the announcement of a merger between Lakshmi Vilas Bank and Indiabulls Housing Finance Limited.
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Piyush Goyal 'glad' over RBI governor 'making right moves'
Updated : 6 years, 11 months ago IST
New Delhi [India], Apr 5 (ANI): Union Minister of Railways and former Finance Minister Piyush Goyal on Friday expressed his happiness over the rate cuts announced by the RBI. He also praised the RBI Governor Shaktikant Das.
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Sensex closes 178 points higher at 38,862, Nifty at 11,666
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 5 (ANI): Equity benchmark indices closed higher on Friday as investors followed positive global cues a day after the Reserve Bank of India (RBI) cut key policy rate by an expected 25 basis points.
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RBI's repo rate cut largely in consonance with market expectations: SBI Ch
Updated : 6 years, 11 months ago IST
New Delhi [India], Apr 4 (ANI): State Bank of India Chairman Rajnish Kumar on Thursday hailed the RBI monetary policy announced earlier in the day, saying that the decision to cut repo rate by 25 basis points (bps) was largely in consonance with the market.
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RBI moves to stimulate growth, lowers repo rate by 25 basis points to 6 pc
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 4 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a move that will cheer industry leaders over relief from high borrowing costs a week before the first p
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RBI cuts repo rate by 25 basis points to 6 pc
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 4 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the second consecutive time this year to 6 per cent from the current 6.25 per cent, a move that will cheer industry leaders over relief from high borrowing costs a week before the firs
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Stock markets sudued in early trading ahead of RBI meet
Updated : 6 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 4 (ANI): Equity benchmarks tripped between gains and losses on Thursday morning as investors awaited for the Reserve Bank of India (RBI) to release its policy statement later during the day.
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Former police inspector gets two-year for violating FERA Act
Updated : 6 years, 11 months ago IST
Chennai (Tamil Nadu) [India] April 3 (ANI): A court here on Wednesday pronounced two years' rigorous imprisonment to a former police inspector Abdul Samad for carrying foreign currencies to the tune of Rs 2,94,50,120 without prior permission from the Reserve Bank of India (RBI) in 1993. Read More
