Search For "reserve bank"
RBI Central Board meets at Chandigarh
Updated : 6 years, 5 months ago IST
Chandigarh [India], Oct 11 (ANI): The Reserve Bank of India (RBI) Central Board met on Friday in Chandigarh under the Chairmanship of Governor Shaktikanta Das.
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Tata Steel reports increase in production during second quarter
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 11 (ANI): Tata Steel's production in India increased to 4.5 million tonnes during the April to June quarter from 4.3 million tonnes in the same period of previous year but remained flat compared to last quarter (January to March).
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IOB reduces lending rates for retail segment from Nov 1
Updated : 6 years, 5 months ago IST
Chennai (Tamil Nadu) [India], Oct 10 (ANI): Government-owned Indian Overseas Bank (IOB) on Thursday announced a reduction in its interest rate for the retail segment (housing, vehicle, education and clean loans) as well as micro and small enterprises by 25 basis points.
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RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra), Oct 10 (ANI): The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).
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Strengthen your investment portfolio by investing in Bajaj Finance Fixed D
Updated : 6 years, 5 months ago IST
Pune (Maharashtra) [India] Oct 09 (ANI/BusinessWire India): The Reserve Bank of India reduced the repo rate by another 25 basis points on October 4, bringing it to 5.15 per cent - it's lowest in nine years.
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RBI extends Chhibber's term as J&K Bank's interim CMD for 6 months
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 9 (ANI): The Reserve Bank of India (RBI) has approved six months extension to R K Chhibber as the interim Chairman and Managing Director of the Jammu and Kashmir Bank.
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RBI should take over PMC Bank, says SAD leader Sirsa
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 7 (ANI): Shiromani Akali Dal (SAD) on Monday demanded that the Reserve Bank of India (RBI) should take over the operations of the Punjab and Maharashtra Co-operative Bank (PMCB) and the money of account holders should be given back to them.
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Reduction in repo rate to benefit people, industry: Javadekar
Updated : 6 years, 5 months ago IST
Lucknow (Uttar Pradesh) [India], Oct 5 (ANI): Hailing the Reserve Bank of India's (RBI's) decision to cut repo rate, Union Minister for Information and Broadcasting Prakash Javadekar said on Saturday that the government has asked banks to transmit accruing benefits to loan borrowers.
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Bandhan Bank, Gruh Finance to merge on October 17
Updated : 6 years, 5 months ago IST
Kolkata (West Bengal) [India], Oct 4 (ANI): Kolkata-based Bandhan Bank and Ahmedabad-based Gruh Finance said on Friday that all the regulatory hurdles have been overcome for their merger, with the National Company Law Tribunal (NCLT) clearing the scheme of amalgamation.
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Sensex drops 434 points after RBI cuts repo rate and GDP forecast
Updated : 6 years, 5 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.
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RBI's dovish stance point to further rate reductions but lower GDP forecas
Updated : 6 years, 5 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.
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Sensex turns red after RBI lowers GDP forecast to 6.1 pc
Updated : 6 years, 5 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.
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