Search For "rbi"
Interest rate cuts in India seem off the table: Morgan Stanley
Updated : 1 year, 11 months ago IST
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent, the seventh time in a row. The repo rate is the rate of interest at which the RBI lends to other banks.
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RBI allows early redemption in Sovereign Gold Bond Scheme, 2017-18 Series
Updated : 1 year, 11 months ago IST
The press statement of the RBI says early redemption price has been fixed at Rs 7260/- per unit of SGB, based on the average closing gold price over the previous three business days.
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Crisil expects RBI to initiate repo rate cuts from mid-2024
Updated : 1 year, 11 months ago IST
As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this month, rating agency Crisil now expects the rate cut cycle to begin from mid-2024. The repo rate is the rate of interest at which RBI lends to other banks.
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India forex reserves rise for seventh week to reach fresh peak
Updated : 1 year, 11 months ago IST
India's foreign exchange reserves rose for the seventh straight week to hit a fresh all-time high of USD 648.562 billion in the week ending on April 5, as per the latest data released by the Reserve Bank of India (RBI).
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March 2024 retail inflation hits 10-month low at 4.85 per cent; Experts ca
Updated : 1 year, 11 months ago IST
Sinha and Jasrai stated, "March 2024 retail inflation at 4.85 per cent was 10 months low and was on expected lines. Retail inflation now for 54 consecutive months and 18 quarters is higher than the RBI inflation target of 4.0 per cent. While the headline inflation is trending downwards, the
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"Financial market reforms by RBI aimed at providing strong bedrock for mar
Updated : 1 year, 11 months ago IST
Das said, "The recent financial market reforms undertaken by the Reserve Bank are aimed at providing a strong bedrock for markets to move to the next trajectory for meeting the growing funding requirements in the economy, providing cost effective hedging options and competing effectively in
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Expect series of repo rate cuts starting October: SBI Research
Updated : 1 year, 11 months ago IST
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent
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RBI launches new website and mobile application
Updated : 1 year, 11 months ago IST
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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RBI imposes monetary penalty on IDFC First Bank for non-compliance with di
Updated : 1 year, 11 months ago IST
The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949
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SBI says monetary policy reflects India's high growth and low inflationary
Updated : 1 year, 11 months ago IST
The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
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RBI cancels registration of four non-banking financial companies
Updated : 1 year, 11 months ago IST
Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited.
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Indian benchmark indices flat after RBI keeps policy rates unchanged
Updated : 1 year, 11 months ago IST
The Sensex concludes at 74,248, registering a marginal uptick of 21 points, while the Nifty50 closed unchanged at 22,514 during the Friday's trading session. Notably, gains in stocks like Kotak Bank, ITC, HDFC Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, and SBI helped cushion the downsid
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