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SBI posts Rs 4,876 crore net loss for Q1
Updated : 7 years, 7 months ago IST
New Delhi (India), Aug 11 (ANI): The State Bank of India (SBI) on Friday posted a net loss of Rs, 4,876 crore in the first quarter ended on June 30, 2018. The bank has also stated that it has kept aside the mark-to-market provision of Rs, 5,900 crores and not used the dispensation provided b
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RBI to transfer Rs 50,000Cr surplus funds to Centre
Updated : 7 years, 7 months ago IST
New Delhi (India), Aug 8 (ANI): The Reserve Bank of India (RBI) on Wednesday announced the transfer of surplus funds amounting to Rs 50000 crore for the year ended June 30, to the Government of India.
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Digital Lender Prest Loans secures USD 2.5 Mn (Rs. 16.5 Crore) funding
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 8 (NewsVoir): Digital lending platform and RBI registered NBFC Prest Loans (www.PrestLoans.com), has secured debt funding of about USD 2.5 Mn (appr. Rs. 16.5 Crore) from multiple lenders.
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S Gurumurthy, Satish Marathe appointed to RBI board
Updated : 7 years, 7 months ago IST
New Delhi [India], August 8 (ANI): The Centre has appointed Rashtriya Swayamsevak Sangh(RSS)-affiliate Swadeshi Jagaran Manch co-convenor Swaminathan Gurumurthy and businessman Satish Kashinath Marathe to the Central Board of the Reserve Bank of India (RBI).
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Parliamentary panel calls to simplify processing of LC's
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 6 (ANI): The Parliamentary Standing Committee on Commerce on Monday said that the Reserve Bank of India (RBI) did not make enough consultations before discontinuing the issue of the Letter of Understanding (LoU)/Letter of Comfort (LoC) while terming the move as a `knee
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RBI rate hike a 'win-win' situation for markets, banks
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 2 (ANI): The Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points (bps) to 6.50 per cent is a "win-win" situation for both markets and the banks as inflation is expected to rapidly decelerate to sub-5 per cent in coming months, suggests the
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Considerable uncertainty around impact of MSP schemes, says RBI
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday said that the impact of MSP hike on projections is a challenging task.
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RBI retains GDP growth at 7.4% in FY19
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that Monetary Policy committee (MPC) has projected the GDP growth at 7.4% for this fiscal year as in the June statement.
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RBI hikes repo rate by 25 basis points to 6.50%
Updated : 7 years, 7 months ago IST
New Delhi [India], Aug 1 (ANI): The Reserve Bank of India (RBI) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent while maintaining neutral stance on the stability in the market.
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All eyes on RBI ahead of monetary policy
Updated : 7 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 1 (ANI): Market indices are treading cautiously, with the Reserve Bank of India's third bi-monthly monetary policy statement to be released shortly.
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RemmitEx launches its market place in over 60 countries
Updated : 7 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 27 (NewsVoir): RemmitEx is a regulated EU financial services company based in Estonia. It is focused on meeting the sophisticated needs of institutions, active traders and other trading professionals.
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RBI should prove credibility of demonetisation: VP
Updated : 7 years, 7 months ago IST
New Delhi [India], July 23 (ANI): Vice President M Venkaiah Naidu on Monday urged the Reserve Bank of India to prove credibility of the money deposited in banks after the Centre's demonetisation move at the earliest in order to maintain the credibility of the reform.
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