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Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17
Mon, Jan 16, 2017
Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.
MPC meeting starts, may go for 0.25% rate cut
Tue, Dec 06, 2016
The six-member Monetary Policy Committee (MPC) began its deliberations on Tuesday amid widespread expectations of at least 0.25% (25-basis point) cut in the policy rate to cushion the impact of demonetisation.
RBI Governor Urjit Patel may cut rate by 0.25% in policy review on December 7
Sun, Dec 04, 2016
Reserve Bank of India (RBI) Governor Urjit Patel is expected to again go in for a 0.25% interest rate cut at its next policy review on December 7, Wednesday, with an aim to cushion the impact of demonetisation, a majority bankers feel.
RBI to announce monetary policy decision on December 7
Sat, Dec 03, 2016
The Reserve Bank of India (RBI) will come out with monetary policy review, the first after demonetisation of old Rs 500 and Rs 1,000 notes, on Wednesday amid expectations of interest rate cut.
RBI seen cutting rates as demonetisation rattles economy: Reuters poll
Sat, Dec 03, 2016
The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi`s currency crackdown rattled the economy and severely hurt consumption, a Reuters poll showed.
RBI taking steps to ease genuine pain of citizens: Urjit Patel
Sun, Nov 27, 2016
Patel said that according to bankers the situation is getting better and in the metros things are stabilising but the remote locations are still feeling some pain.
RBI introduces incremental CRR to manage excess liquidity
Sat, Nov 26, 2016
In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank of India (RBI) introduced an incremental Cash Reserve Ratio (CRR) of 100% for the fortnight beginning from Saturday.