Search For "reserve bank of india rbi"
GDP to contract by 9.5 pc in FY21, may turn positive by Q4: RBI
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 9 (ANI): The Reserve Bank of India (RBI) on Friday projected gross domestic product (GDP) contracting by 9.5 per cent in the current financial year amid disruptions caused by coronavirus pandemic which may turn positive in the last quarter (January to
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RBI keeps repo rate unchanged amid high inflation
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], October 9 (ANI): The Reserve Bank of India (RBI) on Friday kept key repo rate unchanged at 4 per cent in view of rising inflation and faint signs of economic growth amid gradual lifting of coronavirus (COVID-19) countrywide lockdown.
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LVB gets an indicative non-binding offer from Clix Group
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 8 (ANI): Beleaguered private sector lender Lakshmi Vilas Bank (LVB) said on Thursday it has received an indicative non-binding offer from Clix Group for the proposed merger.
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Economic recovery key to limiting Indian banks' loan losses: Fitch
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra), October 6 (ANI): Indian banks face a tough operating environment in the near term as stressed loans and write-offs increase as a result of the economic fallout from the coronavirus pandemic, Fitch Ratings said on Tuesday.
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States, UTs to borrow over Rs 2 lakh cr from markets during Oct-Dec 2020 q
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): The Reserve Bank of India (RBI) on Wednesday announced that the quantum of total market borrowings by the state governments and Union Territories for the quarter October-December 2020 is expected to be Rs 2,02,242.35 crores an official sta
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India's current account balance records surplus of USD 19.8 billion in Q1
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): India's current account balance (CAB) recorded a surplus of USD 19.8 billion (3.9 per cent of GDP) in the April-June quarter (Q1) of 2020-21, Reserve Bank of India (RBI) said in a press release on Wednesday.
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RBI extends enhanced borrowing limit for banks under MSF till March 31
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India (RBI) has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021.
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RBI postpones MPC meet on key interest rates
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The Reserve Bank of India (RBI) has rescheduled the meeting of its Monetary Policy Committee (MPC) which was to be held from September 29 to October 1.
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RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
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RBI authorises Vakrangee to manage Bharat Bill payments
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 25 (ANI): The Reserve Bank of India (RBI) has authorised non-banking company Vakrangee Ltd to manage services under the scope of Bharat Bill Payment System.
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RBI asks urban co-op banks to adopt robust cyber security infrastructure
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 24 (ANI): The Reserve Bank of India (RBI) on Thursday asked urban cooperative banks (UCBs) to bring their cyber security systems at par with other banks to combat online threats.
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RBI appoints AK Dixit as new administrator of PMC Bank
Updated : 5 years, 9 months ago IST
New Delhi [India], September 22 (ANI): Reserve Bank of India (RBI) has appointed AK Dixit, ex-General Manager of Union Bank of India as the new administrator of Punjab and Maharashtra Cooperative (PMC) Bank with effect from September 23.
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