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Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes w
Updated : 1 year, 1 month ago IST
According to the RBI notice, "Considering the bank's present liquidity position Bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor but is allowed to set off loans against deposits subject to the conditions st
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RBI asks NBFCs to become part of Unified Lending Interface for better fina
Updated : 1 year, 1 month ago IST
Sanjay Malhotra, Governor, of the Reserve Bank of India (RBI) on Thursday asked Non-Banking Financial Companies (NBFCs) across all layers to become part of the Unified Lending Interface (ULI) being put in place by the Reserve Bank.
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RBI's inflation target seems feasible with softened vegetable prices, skew
Updated : 1 year, 1 month ago IST
India's inflation outlook appears favorable, with the possibility of aligning with the Reserve Bank of India's (RBI) 4 per cent target in the coming months, highlighted a report by Bank of Baroda.
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RBI lifts restrictions on Kotak Mahindra Bank from issuing credit cards, a
Updated : 1 year, 1 month ago IST
The Reserve Bank has lifted all restrictions it placed on Kotak Mahindra Bank. On April 24 last year, the RBI imposed certain business restrictions on the private lender.
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RBI's gold buying is not to replace dollar for international settlements:
Updated : 1 year, 1 month ago IST
Finance Minister Nirmala Sitharaman clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), are not intended to replace any international currency.
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RBI may cut interest rates further by 50 bps in 2025, stance to turn accom
Updated : 1 year, 1 month ago IST
The Reserve Bank of India (RBI) may cut interest rates further by 50 basis points (bps) in 2025 and shift its stance from "neutral" to "accommodative," according to a report by Bank of Baroda.
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Another rate cut expected by April if inflation remains favourable: SBI
Updated : 1 year, 1 month ago IST
SBI stated, "April could see the next rate cut again."
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Income tax relief, repo rate cut to boost recovery in consumption: Sithara
Updated : 1 year, 1 month ago IST
Income tax relief provided for in the Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.
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India's forex reserves rise for second consecutive week
Updated : 1 year, 1 month ago IST
India's foreign exchange reserves extended their gains for the second straight week, after having slumped for about four months.
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Expect 75 basis points repo rate cut cumulatively in 2025: Bank of Baroda
Updated : 1 year, 1 month ago IST
The monetary policy committee of RBI will cut repo rate by another 75 basis points in the year 2025, Bank of Baroda said in a note.
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Cheaper loans better for trade, industry: Congress leader Rajeev Shukla on
Updated : 1 year, 1 month ago IST
Congress leader Rajeev Shukla on Friday welcomed RBI's decision to reduce repo rate by 25 basis points (bps) to 6.25 per cent and said that it will help trade and industry as loans will get cheaper.
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Affordable housing to get boost from repo rate cut, tax exemption relief:
Updated : 1 year, 1 month ago IST
Real estate leader Niranjan Hiranandani said affordable housing segment will get yet another boost with the reduction in repo rate by the RBI monetary policy committee.
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