Tue, Dec 03, 2024
Banks should adopt a "bottom-up" approach for preparing credit plans to fulfil fund requirements for different segments in districts, RBI Deputy Governor Swaminathan J has said.
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Mon, Dec 02, 2024
What does India's latest GDP reading mean for the economy? Is it in line with the Q2 corporate earnings? Can you expect a recovery in the rate of economic growth going forward? Read on to learn more about these aspects as India waits the calendar year's last RBI policy statement due on December 6.
Sun, Dec 01, 2024
It was widely anticipated that the RBI would start reducing the benchmark interest rates soon but the central bank will have little option this time around as the latest print of retail inflation is above 6 per cent.
Thu, May 05, 2022
After the Reserve Bank of India raised the benchmark lending rate by 40 basis points (bps) to 4.40 per cent aimed at containing inflation, the US Federal Reserve on Wednesday hiked lending rate by an anticipated 50 basis points.
The Reserve Bank of India has increased interest rates on Wednesday. RBI has increased the repo rate by 0.40 percent. Along with this, the bank has also increased the cash reserve ratio by 0.50 percent. With these increases, the repo rate has now increased to 4.40 percent and the CRR to 4.50 percent. The increase in the interest rates of the Reserve Bank will have a direct impact on your EMI. After the increase in the repo rate, the banks have also started increasing the interest rates. Bank of India has changed the repo based lending rate. Bank of India increased the repo based lending rate by 0.4%. After the increase in the repo rate, the interest rate increased to 7.25%.
Wed, May 04, 2022
The Reserve Bank of India has increased interest rates on Wednesday. RBI has increased the repo rate by 0.40 percent. Along with this, the bank has also increased the cash reserve ratio by 0.50 percent. With these increases, the repo rate has now increased to 4.40 percent and the CRR to 4.50 percent. The increase in the interest rates of the Reserve Bank will have a direct impact on your EMI. So where should an investor invest in rising rates? Watch Money Guru to Know the opinion of experts.
Today Reserve Bank of India Governor Shaktikanta Das announced an increase in the repo rate. Repo rate has been increased by 0.40% by RBI. With this, the repo rate increased from 4 percent to 4.40%. Earlier, RBI last changed the repo rate on 22 May 2020. Home loan, car loan EMI will increase in the coming days due to increase in repo rate. Earlier, in the first monetary review meeting (MPC) of the current financial year, the repo rate was not changed for the 11th consecutive time by the RBI.
The Reserve Bank of India (RBI) has hiked benchmark interest rate by 40 bps to 4.40 pc in an unscheduled policy review with a view to contain inflation.
Thu, Apr 21, 2022
Bank credit grew by 10.09 per cent to Rs 119.88 lakh crore and deposits by 10.06 per cent to Rs 167.42 lakh crore in the fortnight ended on April 8, the RBI data showed
Mon, Apr 18, 2022
The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments
Wed, Apr 13, 2022
As per government data released on Tuesday, consumer price-based inflation (CPI) zoomed to 6.95 per cent in March, mainly on account of costlier food items. The CPI was 6.07 per cent in February.
Tue, Apr 12, 2022
The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are exploring the possibility of synchronising trading time for all markets - stocks, bonds, currency and commodities. The aim is to ensure ease of operations for investors betting across asset classes as well as for the back-end staff at intermediaries. Trading in markets regulated by the Reserve Bank of India (RBI) will start from 9 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10 am.
Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment.
Trading in markets regulated by the Reserve Bank of India (RBI) will start from 9 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10 am.
Sun, Apr 10, 2022
RBI imposes penalties on Axis, IDBI Bank: The Reserve Bank of India (RBI) has imposed a penalty of Rs 93 lakh on private sector Axis Bank for violating several norms including Know Your Customer (KYC) guidelines. is. RBI has also imposed a penalty of Rs 90 lakh on IDBI Bank. The Reserve Bank said in a release on Friday that a penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain instructions.
Fri, Apr 08, 2022
Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their own ATMs).
This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
Wed, Apr 06, 2022
The Reserve Bank of India (RBI) is expected keep key lending rates unchanged and maintain an accommodative stance in monetary policy committee meeting, which starts on Wednesday April 6, as per brokerages and experts. The MPC meeting will conclude on April 8
Mon, Apr 04, 2022
A public interest litigation has been filed against the promoters of IndusInd Bank in Delhi High Court by advocate Mehek Maheshwari.
Sun, Mar 27, 2022
Other bidders include Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, OakTree Capital, Blackstone, Brookfield, TPG, KKR, Piramal Finance and Poonawala Finance, sources said.
Fri, Mar 25, 2022
Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar, attended the meeting.
Sat, Mar 19, 2022
The Reserve Bank of India (RBI) is expected to prioritise growth over inflationary fears in its April, 2022 policy meet.
Fri, Mar 11, 2022
Patra said that though the third wave of the pandemic had a relatively minor impact as reflected in high-frequency indicators.
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