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RBI hikes repo rate by 25 basis points; reverse repo revised to 6%
Updated : 7 years, 9 months ago IST
New Delhi [India], June 6 (ANI): The Reserve Bank of India (RBI) on Wednesday hiked the repo rate and reverse repo rate at 6.25 percent and 6 percent respectively.
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RBI to announce second bi-monthly Monetary Policy today
Updated : 7 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 on Wednesday.
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IDBI Bank MD appointed RBI Dy Governor
Updated : 7 years, 9 months ago IST
New Delhi, [India], June 4 (ANI): The Centre on Monday announced the appointment of IDBI Bank managing director (MD) and chief executive officer (CEO) Mahesh Kumar Jain, as the fourth deputy governor of the Reserve Bank of India (RBI).
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Faircent.com receives NBFC-P2P certification from RBI
Updated : 7 years, 10 months ago IST
New Delhi [India], May 21 (ANI): Peer to Peer (P2P) lending platform Faircent.com on Monday received its NBFC-P2P certification from the Reserve Bank of India (RBI).
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Banks credit in personal loans too high compared to degrowth in infra sect
Updated : 7 years, 10 months ago IST
New Delhi [India], May 20 (ANI): Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper noted on Sunday.
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RBI's monetary policy committee to hold 3-day meeting
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 18 (ANI): In a first, the Reserve Bank of India (RBI) announced that its monetary policy committee (MPC) will hold a three-day meeting in June, as opposed to the usual two-day schedule.
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India's exports witness 5.17% surge in April
Updated : 7 years, 10 months ago IST
New Delhi [India], May 16 (ANI): The Centre on Wednesday reported a 5.17 percent increase in exports for the month of April this year, compared to the same month last year.
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PNB scam: CBI names 3 companies, 22 individuals in new chargesheet
Updated : 7 years, 10 months ago IST
New Delhi [India], May 14 (ANI): In connection with the multi-crore scam detected by the Punjab National Bank (PNB) earlier this year, three companies and 22 individuals have been named in the charge sheet filed under Section 120B, read with Sections 409 and 420 of the Indian Penal Code (IPC
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Uma Shankar Paliwal joins Enterslice Board
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 11 (NewsVoir): All signs are pointing toward the fact that India-based fintech, virtual CFO, and startup services company Enterslice is moving from quick success to quick success.
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NCLT approves insolvency resolution plea of Era Infra
Updated : 7 years, 10 months ago IST
New Delhi [India], May 8 (ANI): The National Company Law Tribunal (NCLT) on Tuesday approved the Union Bank of India's insolvency resolution plea against Era Infra Engineering.
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ICICI profits plunge nearly 50% in Q4
Updated : 7 years, 10 months ago IST
New Delhi [India], May 7 (ANI): Private sector banking major ICICI bank on Monday reported an approximate plunge of 50 percent in its standalone profit for the fourth quarter of the fiscal ended March 31, 2018.
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Closing bell: Sensex witnesses 292.76-pt hike, Nifty above 10,700
Updated : 7 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Market indices ended significantly higher on Monday afternoon, owing to favourable gains in financials, metals, auto and energy stocks.
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