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, Dec 14, 2020
Amid the coronavirus pandemic, deepening economic crisis and rising inflation, Reserve Bank of India (RBI) Governor has completed two years in office. Das is RBI’s 25th Governor. Zee Business Managing Editor Anil Singhvi brings to its viewers a SUPER EXCLUSIVE interview with the RBI Governor. Catch them on your favourate business news destination at 11 am today. (#RBIOnZee)
Sun, Dec 13, 2020
A new rule for cheque payments is all set to come into effect from 1st January, 2021.
Wed, Dec 09, 2020
It's a big proud moment for India as the Reserve Bank of India (RBI) has announced the date for the launching of RTGS 24x7.
The reason cited by RBI behind cancellation is 'the bank does not have adequate capital and earning prospects'.
Tue, Dec 08, 2020
Taking tough action, RBI has canceled the license of Karad Janata Sahakari Bank. However RBI has said that depositors will definitely get their money back.
Sun, Dec 06, 2020
The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020.
Fri, Dec 04, 2020
A day after the Reserve Bank of India (RBI) asked the HDFC Bank to temporarily stop issuing new credit cards and launching new digital businesses activities, RBI Governor Shaktikanta Das has said that all banks and other financial institutions should invest more on their IT systems and technology to avert such inconvenience for the customers and build trust towards digital payments
India`s benchmark stock index clawed back some losses to close above 45,000 points for the first time ever on Friday, as the country`s central bank upgraded its GDP target for the current fiscal year and kept interest rates steady in the face of stubbornly high inflation
With a view to push the adoption of digital payments in a “safe and secure manner”, the Reserve Bank of India (RBI) today increased the limits for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000. This will come into effect form 1 January 2021. The operational instructions will be issued separately
MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent; Marginal Standing Facility (MSF) rate and the Bank rate remain unchanged at 4.25 per cent; The reverse repo rate stands unchanged at 3.35 per cent; Continues with the accommodative stance of monetary policy as long as necessary – at least through the current financial year and into the next year
RBI Monetary Policy Review: After days of deliberation, the Monetary Policy Committee (MPC) led by Governor Shaktikanta Das decided not to change key policy rates. Repo rate has been retained at 4 pct, says RBI Governor Shaktikanta Das.
Zee Business Managing Editor Anil Singhvi said that investors should hedge there bets today as the bi monthly monetary policy is to be announced by the Reserve Bank Of India Governor Shaktikanta Das. He said that he was not too excited about the policy announcements this time as there was no room for RBI to come out with some very good announcements
RBI Monetary Policy Review: The Reserve Bank of India's (RBI) key focus in the ongoing policy review meeting is likely to be on "ensuring adequate liquidity" in the system while maintaining an "accommodative" stance, industry body Assocham on Thursday said
Wed, Dec 02, 2020
With signs of economic recovery in Q2FY21 and healthy macro-economic data points emerging, the Shaktikanta Das led RBI monetary policy committee is likely to keep repo rate unchanged while maintaining an accommodative stance.
Tue, Dec 01, 2020
IRDAI has written a letter to the RBI to save the insurance holders money from drowning. In this letter, it has been said that Yes Bank's AT-1 bond money should be returned to the investors.
Thu, Nov 26, 2020
Addressing the event, RBI Governor Shaktikanta Das said, "Indian economy has exhibited stronger-than-expected rebound; need to be watchful of demand sustainability after festive season."
In a major development for the customers of Lakshmi Vilas Bank (LVB), the resolution process has been completed in just a week’s time. The bank will be renamed as DBS India now. However, The trading in Lakshmi Vilas Bank shares has been suspended from today. What does this mean for the investors? Zee Business Managing Editor Anil Singhvi gives his take on the development
Wed, Nov 25, 2020
In a major development for the beleaguered Lakshmi Vilas Bank (LVB), its merger with the Singapore-based DBS Bank has received an approval from the Cabinet. The issue came up for discussion before the cabinet today. Lakshmi Vilas Bank share price has been heading downhill, falling by over 55 per cent over the last 7 trading sessions
Mon, Nov 23, 2020
The cap on promoters’ stake in the long run (15 years) may be raised from the current level of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank.
In a first among central banks, the Reserve Bank of India has become the first monetary authority in the world to have more than 1 million followers on its official Twitter handle. Despite much less monetary firepower, the Reserve Bank of India (RBI) has beaten the world's most powerful central banks -- the US Federal Reserve and the European Central Bank -- on Twitter by a wide margin
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