Sat, Nov 25, 2023
The auctions, scheduled for December 1, will be facilitated by the Reserve Bank of India (RBI) at its Mumbai Office.
Fri, Nov 24, 2023
SBI Card share price: The brokerage firm InCredit Equities pointed out in its report that while private banks will see an impact of around 5 per cent of the net loans, SBI Card will see a 100 per cent impact.
Wed, Nov 22, 2023
RBI Governor Shaktikanta Das reiterated that the top priority of the Monetary Policy Committee (MPC) priority is inflation over growth and to drain out excess liquidity from the system.
Mon, Oct 18, 2021
The average loan pricing is down this time around to 6.72 per cent because the average tenor is down to 9 years at today's auctions, Icra Rating said in a review note.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India (SBI) for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016’.
The penalty imposed for non-compliance of the directions issued by the RBI on 'Customer Protection ? Limiting Liability of Customers in Unauthorised Electronic Banking Transactions', 'Cyber Security Framework in Banks', 'Credit Card Operations of banks' and Code of Conduct in Outsourcing of Financial Services by banks' among others, the central bank said in a statement
Sun, Oct 17, 2021
The National Asset Reconstruction Company (NARCL) or bad bank will soon bring on board more directors for fair representation of shareholders and better corporate governance, according to sources
Fri, Oct 15, 2021
The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory filing.
Thu, Oct 14, 2021
With retail inflation exceeding the interest rates, there is some bad news for depending upon income from bank fixed deposit (FD) schemes, including senior citizens. Watch to know more.
Mon, Oct 11, 2021
The Reserve Bank is likely to change the stance of its monetary policy and hike rates from the first quarter of 2022, a Japanese brokerage said on Monday.
Fri, Oct 08, 2021
A three-year SLTRO facility of Rs 10,000 crore at the repo rate was made available to SFBs in May 2021 to be deployed for fresh lending of up to Rs 10 lakh per borrower.
The six-member Monetary Policy Committee (MPC) on Friday left the repo rate unchanged at four per cent.
The Reserve Bank of India is reviewing its scheme of penalising banks for non-replenishment of ATMs after getting feedback from lenders, its Deputy Governor T Rabi Sankar said on Friday.
The Reserve Bank of India filed two separate petitions before the Kolkata-bench of NCLT against two non-banking financial companies-Srei Infrastructure Finance and Srei Equipment Finance.
Considering the uncertainties related to the ongoing pandemic, it has been decided to continue with the enhanced WMA limits up to March 31, 2022, RBI Governor Shaktikanta Das said.
The Reserve Bank of India (RBI) decided to keep benchmark interest rate unchanged at 4 per cent. This is the eighth time in a row that the RBI has maintained status quo.
RBI Monetary Policy Review Oct 2021: The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance even as the economy is showing signs of recovery after the second COVID wave.
The provision ended on September 30 and a need was felt for extending the facility with a view to increasing the credit flow to certain priority sectors of the economy which contribute significantly to growth and employment.
RBI Monetary Policy October 2021: This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
Thu, Oct 07, 2021
The outcome of the monetary policy review meeting of the Reserve Bank of India will be announced tomorrow. In such a situation, everyone's eyes are on whether the RBI will increase the interest rates this time or not.
Wed, Oct 06, 2021
Reserve Bank of India’s Monetary Policy Committee (MPC) started its three-day deliberations on the next bi-monthly monetary policy on Wednesday amid rising global commodity prices and the need to contain inflation at home.
Tue, Oct 05, 2021
The changes on e-mandates effected by the RBI from October 1 are intended to make the ecosystem more robust but with only six banks complying with the revised norms, the preparedness of the banking sector is questionable and there is bound to be value erosion in the merchant-customer relationships as the latter face inconveniences, as per an official statement from the body.
Mon, Oct 04, 2021
The Reserve Bank had last cut repo rate by 40 basis points in May 2020 to 4 per cent to spur demand in the COVID-hit economy.
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