RBI likely to keep rates unchanged in bimonthly policy meeting
New Delhi/UNI: The Reserve Bank of India is likely to keep repo rates unchanged at 5.15 per cent at its bimonthly policy meeting on Thursday, as the country battles rising inflation and slowing economy.
RBI cancels Vodafone M-Pesa certificate
Mumbai/UNI: The Reserve Bank of India (RBI) on Tuesday cancelled the certificate of Vodafone’s mobile phone-based banking service M-Pesa Limited due to voluntary surrender of authorisation.
Michael Debabrata Patra becomes RBI Deputy Governor
New Delhi/UNI: The government on Tuesday appointed Michael Debaprata Patra as the Deputy Governor of the Reserve Bank of India (RBI).
Career Central Banker Michael Patra appointed as RBI Deputy Governor
Mumbai/IBNS: The government on Tuesday appointed Career Central Banker Michael Patra as the Deputy Reserve Bank of India (RBI) Governor, media reports said.
Wholesale inflation increases 0.58% in November
New Delhi/IBNS: The wholesale inflation jumped 0.58% in November, government data released on Monday revealed.
SBI cuts MCLR by 10 bps after RBI keeps repo rate unchanged
Mumbai/IBNS: SBI slashed its lending rates by 10 bps or basis points across all tenors effective from Dec 10, the bank said on Monday.
RBI allows 24x7 NEFT transfer from Dec 16
Mumbai/IBNS: After rolling back the National Electronic Funds Transfer (NEFT) charges in July, the RBI has decided to do away with the time limit for the digital transaction from Dec 16, the Central bank said in a notification.
Industries not happy at RBI's unchanged repo rate at 5.15%
Kolkata/UNI/IBNS: Tata Realty & Infrastructure Limited (TRIL) in a statement today expressed disappointed at RBI's monetary policy rate report that there is no change at repo rate which remains at 5.15%.
RBI keeps Repo Rate unchanged, slashes GDP growth projection to 5 per cent
Mumbai/IBNS/UNI: The Reserve Bank of India (RBI) on Thursday kept the Repo Rate unchanged at 5.15 pc but slashed the Gross Domestic Product (GDP) growth projection to 5 per cent on Thursday.
PMC Bank Issue: Reserve Bank of India files affidavit in Bombay High Court
Mumbai/UNI: The Reserve Bank of India on Tuesday filed a detailed affidavit in the Bombay High Court during the hearing of number of petitions filed by the depositors of the Punjab & Maharashtra Co-operative Bank (PMC), challenging the limit imposed by it on the withdrawal of money.
PMC Bank: RBI raises withdrawal limit for customers to Rs. 50,000
Mumbai/IBNS: Giving relief to customers of trouble-torn Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India on Tuesday raised the withdrawal limit for account holders to Rs. 50,000.
Indian economy exposed to risks as private consumption declines: RBI Report
Mumbai:The Reserve Bank of India in its Oct 2019 Monetary Policy report has said that the sagging private consumption poses risks to the Indian economy in future.
PMC Bank: FM Nirmala Sitharaman says RBI taking action
New Delhi: Union Finance Minister Nirmala Sitharaman assured depositors of crisis-hit Punjab and Maharashtra Co-operative Bank of fast recovery into the trouble.
RBI cuts repo rate to boost economy, ensures stability of Indian banking system
Mumbai: The Reserve Bank of India on Friday slashed the repo rate by 25 basis points to 5.15% in a bid to revive the sagging economy.
RBI cuts repo rate by 25bps to 5.15%, GDP growth cut to 6.1%
Mumbai: The RBI on Friday reduced the repo rate by 25 basis points to 5.15% from 5.40% in the fourth bi-monthly policy review.