Thu, Oct 10, 2024
The Reserve Bank has approved the appointment of Partha Pratim Sengupta as Managing Director & Chief Executive Officer (MD & CEO) of Bandhan Bank for a period of three years. His three-year tenure counts from the date of taking charge, which shall not be later than November 10, 2024, Bandhan Bank said in a regulatory filing.
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Wed, Oct 09, 2024
Key Takeaways from RBI MPC Meeting: Reserve Bank of India governor Shaktikanta Das kept the repo rate unchanged at 6.50 per cent for the 10th consecutive time. The monetary policy committee (MPC) announced a change in the policy stance to 'neutral'. There was no change in GDP forecast and CPI inflation estimates for FY25.
Wed, Oct 02, 2024
The members of the MPC appointed by the central government will hold office for a period of four years, with immediate effect or until further orders, whichever is earlier.
Fri, Dec 08, 2023
The Reserve Bank of India (RBI) will soon lay down the regulatory framework for web-aggregation of loan products since the customers are being harmed now, said the Central bank Governor Shaktikanta Das.
Thu, Dec 07, 2023
Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).
Wed, Dec 06, 2023
RBI Governor Shaktikanta Das would unveil the decision of the six-member MPC (Monetary Policy Committee) on December 8.
Thu, Nov 23, 2023
Addressing the Fibac summit organised by lobby groupings Ficci and IBA, Rao wondered how a sector which otherwise prides itself as a "service industry" can conduct itself in such a way.
Fri, Oct 13, 2023
The country's forex reserves dropped by a further USD 2.166 billion to USD 584.742 billion for the week ended October 6, the RBI said on Friday.
Fri, Oct 06, 2023
The household savings rate plummeted to a five-decade low in 2022-23 as people started spending after the restrictions on movement ended after the pandemic, the Reserve Bank of India said on Friday.
Sovereign Gold Bond unit is worth the value of one gram of the precious metal in the highest degree of purity.
Tue, Oct 03, 2023
After hiking the repo rate six consecutive times since last year, the RBI hit the pause button and kept the repo rate unchanged in the last three MPC meetings this year. The next bi-monthly MPC meeting is set to take place from October 4-6, with the decision set to be announced on Oct 6, 2023.
Wed, Sep 27, 2023
"The RBI will likely reduce their net domestic assets by selling bonds to balance that. Otherwise, you are raising money supply and risking inflation."
Sat, Sep 23, 2023
The Reserve Bank of India has issued guidelines for wilful defaulters across financial institutions.
Wed, Sep 20, 2023
Household financial borrowings in FY23 surged to 5.8 per cent of GDP, the second-highest in the post-independence period, it was 6.7 per cent of GDP in FY07, Motilal Oswal Financial Services said in a report.
Thu, Sep 14, 2023
The Reserve Bank of India (RBI) has issued new guidelines for loan settlement, which require banks and NBFCs to release all original movable and immovable property documents within 30 days of full repayment/settlement of the loan account. The move is aimed at addressing the issues faced by borrowers during loan settlement.
Wed, Sep 13, 2023
RBI issues rules for returning property documents, papers will have to be returned within 30 days of full loan payment
Fri, Sep 08, 2023
RBI review on I-CRR: The measure was intended to absorb the surplus liquidity generated by various factors, including the return of Rs 2000 notes to the banking system.
Thu, Aug 31, 2023
RBI data reveals that most credit card issuers saw an increase in spends during July.
Wed, Aug 30, 2023
Inflation: How effective will the government's steps against inflation prove to be and what needs to be done to deal with inflation? See in this special report
Mon, Aug 28, 2023
There will be a meeting between the RBI and the Ministry of Consumer Affairs tomorrow to control inflation.
Thu, Aug 24, 2023
The Reserve Bank enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available.
Sat, Aug 19, 2023
In the light of the RBI’s August 2023 bulletin, let's take a look at what the terms inflation and stagflation mean and what the central bank’s statement implies about the future of the Indian economy.
Fri, Aug 18, 2023
The newly launched Public Tech Credit platform will help in seamless disbursal of non-collateral based loans for Micro, Small and Medium Enterprises (MSMEs), Kisan Credit Card loans up to Rs 1.6 lakh, dairy loans, personal loans, and home loans.
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