Tag: rbi

"Our GDP is 200 lakh crores (200 trln rupees), and out of that 65,000 crore (650 bln rupees) is not a huge amount. So,...

The jump on the domestic market was in line with the increase in the Asian indices. At 9.43 a.m., the Sensex was trading at 33,555.99,...

On Thursday evening, the Reserve Bank of India (RBI) capped Yes Bank's deposit withdrawals at Rs 50,000 per account until April 3, 2020 and superseded its board.

Finance Minister Nirmala Sitharaman on Saturday batted for "increased complementarity in policy between the RBI and the Central government" to address growth concerns as India's central bank pegged the growth rate at 6 pc for the financial year of 2020-21.

The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth.

Bank of India on Friday reported a consolidated net profit of Rs 138.20 crore for December quarter 2019-20.

Private sector lender Kotak Mahindra Bank on Thursday said it will withdraw a case concerning dilution of promoters' shareholding in the bank which it had filed against the RBI in the Bombay High Court.

The Reserve Bank of India has proposed new rules to improve the safety features of debit cards and credit cards. While issuing and reissuing the debit and credit cards, banks must assure that all the debit cards and credit cards are permitted only for domestic purchases at ATMs and point of sale terminals, RBI said in an announcement.

India’s retail inflation plunged to 7.35% in December 2019, originally on the back of increasing food prices and increased telecom tariffs, according to official data issued on Monday evening.

India's government intends to push the central bank for a fiscal aid in the frame of another interim dividend, as it struggles to reach its expenditure promises amid an abrupt revenue shortfall, three sources immediately aware of the subject said.