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SCBs see a sharp drop in NPA ratio, falling to 2.67% in June 2024 from 11.
Updated : 1 year, 6 months ago IST
The gross nonperforming assets (NPA) ratio for scheduled commercial banks (SCBs) witnessed a significant reduction to 2.67 percent in June 2024 from 11.18 percent in March 2018, the Finance Ministry stated on Saturday.
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RBI raises collateral-free agricultural loan limit to Rs 2 lakh to support
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) has announced an increase in the limit for collateral-free agricultural loans will be increased from Rs 1.6 lakh per borrower to Rs 2 lakh, effective from January 1, 2025.
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Reserve Bank of India receives bomb threat, probe underway
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said.
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Policy continuity, inclusion and innovation will be priority: Sanjay Malho
Updated : 1 year, 7 months ago IST
Newly appointed Reserve Bank of India (RBI) Governor Sanjay Malhotra, in his first address on Wednesday, outlined the central bank's priorities under his leadership, emphasizing stability, financial inclusion, and technological innovation as the cornerstones of his governorship.
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Sanjay Malhotra takes charge as 26th RBI Governor for next 3 years
Updated : 1 year, 7 months ago IST
Sanjay Malhotra has officially taken charge as the 26th Governor of the Reserve Bank of India (RBI) on Wednesday.
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"Inflation control the biggest challenge for new RBI governor," says Shakt
Updated : 1 year, 7 months ago IST
Restoring the inflation under the RBI target is the most important task ahead of the new RBI governor stated Shaktikanta Das, the outgoing Governor of the Reserve Bank of India (RBI), during his final address on Tuesday before stepping down from office.
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RBI Governor Shaktikanta Das expresses gratitude in emotional post as he d
Updated : 1 year, 7 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das in a heartfelt social media post expressed his gratitude to the government, stakeholders, and his colleagues for their support and contributions during his time in office.
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RBI Deputy Governor M Rajeshwar Rao highlights IBC's transformative impact
Updated : 1 year, 7 months ago IST
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un
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Industry welcomes CRR cut, anticipates rate cut to follow
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.
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Economists reacts to RBIs decision to keep repo rate unchanged and cut CRR
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) kept its key interest rates unchanged on Friday but cut the cash reserve ratio by 50 basis points to bring enough liquidity in the banking system.
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RBI increases collateral free loan limit for farmers from Rs 1.6 lakh to R
Updated : 1 year, 7 months ago IST
In a much bigger relief to small and marginal farmers the Reserve Bank of India (RBI) on Friday has hiked the limit for collateral-free loans for agricultural farmers from Rs 1.66 lakh to Rs 2 lakh per borrower.
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Markets rally: Nifty, Sensex surge as BJP forms government in Maharashtra,
Updated : 1 year, 7 months ago IST
The Indian stock market on Thursday rallied amid the anticipation of the policy rate cuts by the Reserve Bank of India (RBI). formation of BJP-led government in Maharashtra, and foreign buying, ending in the green territory.
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