December 05, 2021 00:45 (IST)
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RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth

Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.

RBI keeps repo rate unchanged at 4 percent

Mumbai: The Reserve Bank of India on Friday announced the decision to keep repo rate unchanged at 4 percent.

RBI lifts PCA restrictions on UCO bank after four years

Mumbai/IBNS: The Reserve Bank of India (RBI) has removed the Prompt Corrective Action (PCA) restrictions from public sector lender UCO Bank after four years.

RBI imposes penalty of Rs 25 lakh on Axis Bank for violating rules

Mumbai/IBNS: The Reserve Bank of India (RBI) today imposed a fine of Rs 25 lakh on Axis Bank for violation of rules.

RBI issues revised locker rules for banks

Mumbai/IBNS: The Reserve Bank of India (RBI) Wednesday issued revised rules on safe deposit locker and safe custody article facility provided by banks.

RBI allows HDFC to issue new credit cards

Mumbai/IBNS: The Reserve Bank of India has relaxed the restrictions placed on HDFC bank to issue new cards.

RBL Bank empanelled as 'Agency Bank' to RBI

Mumbai/UNI: RBL Bank, formerly known as Ratnakar Bank, on Wednesday said that it has been empanelled by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.

RBI rightly prioritized growth over inflation by holding repo rate: PNB CEO & MD CH S S Mallikarjuna Rao

New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).

RBI retains GDP forecast for FY22 at 9.5pc

New Delhi/UNI: Buoyed by increasing exports, high-frequency data pointing to positive outlook and widening vaccination coverage, Reserve Bank of India (RBI) on Friday retained its real GDP growth projection for FY22 at 9.5 per cent while announcing the bi-monthly monetary policy.

ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance

Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.

RBI holds repo rate at 4 pc, keeps all other rates also unchanged

New Delhi/UNI; Announcing its bi-monthly monetary policy on Friday, the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent on expected lines to support growth hit hard by the COVID-19 pandemic.

RBI MPC keeps repo rate unchanged at 4 percent: Shaktikanta Das

New Delhi: RBI Governor Shaktikanta Das on Friday announced its Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 percent.

RBI cautions against online buying and selling of old bank notes and coins

Mumbai/IBNS: The Reserve Bank of India (RBI) has warned people on Wednesday against fraudsters using Reserve Bank of India's name and logo to seek charges, and commission or taxes from the public in online transactions of buying and selling old bank coins and notes.

RBI issues rules for outsourcing of payment, settlement activity by PSOs

Mumbai/IBNS: The Reserve Bank of India has framed minimum standards to manage the risk in outsourcing of payment and settlement-related activities by non-bank payment system providers PSOs.

RBI bars Mastercard from adding new clients in India from July 22

New Delhi: The Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22.