Search For "reserve bank of india"
Sensex drops 434 points after RBI cuts repo rate and GDP forecast
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year.
Read More
RBI's dovish stance point to further rate reductions but lower GDP forecas
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 4 (ANI): Reduction of interest rate by 0.25 per cent by the Reserve Bank of India (RBI) and the accompanying dovish statement keeps the door open for future reductions to revive economic growth amid volatile global trade, experts said on Friday.
Read More
Sensex turns red after RBI lowers GDP forecast to 6.1 pc
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.
Read More
RBI cuts repo rate by 25 basis points to 5.15 pc, reduces growth forecast
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this calendar year to 5.15 per cent from the current 5.4 per cent in a bid to support government measures for boosting economic activity amid benign inflation.
Read More
RBI cuts repo rate by 25 basis points to 5.15 pc to revive growth
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this calendar year to 5.15 per cent from the current 5.4 per cent in a bid to support government measures for boosting economic activity amid benign inflation.
Read More
Equities indices gain ahead of RBI policy rate decision
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices traded with healthy gains during early hours amid hopes of key interest rate cuts by the Reserve Bank of India (RBI) later on Friday.
Read More
RBI imposes penalty on United Overseas Bank Limited
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 3 (ANI): Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on United Overseas Bank Limited (UOB) for its failure to comply with the provisions of Section 10B of the Banking Regulation Act, 1949.
Read More
RBI enhances withdrawal limit for PMC Bank depositors to Rs 25,000
Updated : 6 years, 9 months ago IST
New Delhi (India), Oct 3 (ANI): The Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for the depositors of Punjab And Maharashtra Cooperative Bank Ltd to Rs 25,000.
Read More
RBI quells rumours on banking system, says no need for depositors to panic
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): The Reserve Bank of India (RBI) on Tuesday sought to quell rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors.
Read More
No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 9 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
Read More
India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
Read More
Shares of Indiabulls Group tank, housing finance unit down by 30 pc
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 30 (ANI): Shares of Indiabulls Group tanked in the morning trade on Monday with Indiabulls Housing Finance slumping by 30.16 per cent after the Delhi High Court agreed on Friday to hear a public interest litigation (PIL) alleging fund diversion and accoun
Read More