Back to homepage

Tag "rbi"

RBI extends timeline for compliance of some card business directions

RBI extends timeline for compliance of some card business directions

🕔21:00, 21.Jun 2022

Chennai, June 21 (IANS) The Reserve Bank of India (RBI) on Tuesday extended the timeline for implementation of certain directions relating to credit and debit card business. The RBI, in a notification, said on receipt of representations from the industry stakeholders,

Read Full Article
RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

🕔17:05, 8.Jun 2022

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on

Read Full Article
Here’s what experts have to say about RBI’s monetary policy outcome

Here’s what experts have to say about RBI’s monetary policy outcome

🕔17:03, 8.Jun 2022

The Reserve Bank of India on Wednesday raised the repo rate by 50 basis points to 4.9 per cent to tame the rising inflation, which has been now above RBI’s 6 per cent tolerance level for four months in a

Read Full Article
RBI doubles housing loan limits for co-operative banks

RBI doubles housing loan limits for co-operative banks

🕔17:01, 8.Jun 2022

Taking into account the increase in prices since the housing loan limits were last revised and considering the customer needs, central bank Reserve Bank of India decided to increase the existing limits on individual housing loans by the cooperative banks.

Read Full Article
RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

🕔11:17, 8.Jun 2022

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of

Read Full Article
Banks raise lending rates: Here’s what realty experts have to say

Banks raise lending rates: Here’s what realty experts have to say

🕔13:31, 2.Jun 2022

Close on the heels of the Reserve Bank of India (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised

Read Full Article
RBI says momentum in economic recovery to continue in FY23

RBI says momentum in economic recovery to continue in FY23

🕔15:20, 27.May 2022

India’s economic recovery from the pandemic shock has sustained in FY22 and the momentum is expected to broadly continue through the ongoing FY23, though with risks of downside from the geopolitical shock and its spillovers, said the RBI’s Annual Report

Read Full Article
RBI’s balance sheet grows by 8.46% in FY22

RBI’s balance sheet grows by 8.46% in FY22

🕔15:17, 27.May 2022

The size of the Reserve Bank of India’s (RBI) balance sheet increased by 8.46 per cent as on March 31, 2022, mainly reflecting its liquidity and foreign exchange operations during the entire fiscal year. New Delhi, May 27 (IANS) The size

Read Full Article
May go for rate hike in June: RBI Governor

May go for rate hike in June: RBI Governor

🕔15:39, 23.May 2022

Chennai, May 23 (IANS) India’s central bank is mulling further rate hikes, said its Governor Shaktikanta Das. He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market. In

Read Full Article
RBI approves Rs 30,307 cr as dividend to Centre for FY22

RBI approves Rs 30,307 cr as dividend to Centre for FY22

🕔17:59, 20.May 2022

The Reserve Bank of India on Friday said its Board approved the transfer of Rs 30,307 crore surplus as dividend to the Centre for the accounting year FY22. New Delhi, May 20 (IANS) The Reserve Bank of India on Friday said

Read Full Article
Six applicants not found suitable for setting up banks in India

Six applicants not found suitable for setting up banks in India

🕔10:15, 18.May 2022

The Reserve Bank of India (RBI) has rejected the applications of UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited and Pankaj Vaish and others for setting

Read Full Article
RBI may raise policy rates by 75 bps cumulatively in next 2 reviews: SBI Research

RBI may raise policy rates by 75 bps cumulatively in next 2 reviews: SBI Research

🕔18:34, 13.May 2022

SBI Research expects the central bank, Reserve Bank of India (RBI), to raise key policy rates both in its June and August policy meeting by a cumulative 75 basis points. New Delhi, May 13 (IANS) SBI Research expects the central bank,

Read Full Article
April retail inflation at 7.79%, above RBI’s tolerance band for fourth month

April retail inflation at 7.79%, above RBI’s tolerance band for fourth month

🕔18:17, 12.May 2022

India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed. New Delhi, May 12 (IANS) India’s retail inflation accelerated to

Read Full Article
RBI rate hike a surprise as it came between 2 review meetings: Sitharaman

RBI rate hike a surprise as it came between 2 review meetings: Sitharaman

🕔05:44, 9.May 2022

The Reserve Bank of India’s (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said, adding that it came as a surprise only because it was

Read Full Article
PNB Increases Fixed Deposit Interest Rates after RBI Rate Hike; Check FD Rates

PNB Increases Fixed Deposit Interest Rates after RBI Rate Hike; Check FD Rates

🕔04:28, 7.May 2022

Interest rate hike for Term Deposits up to Rs 10 crore comes as a direct result of the RBI increasing its repo rates.  Delhi, Friday, May 7, 2022: Punjab National Bank (PNB), a leading Public Sector Bank in India, has

Read Full Article
Rate hike good for banking sector as risk getting re-priced: SBI report

Rate hike good for banking sector as risk getting re-priced: SBI report

🕔06:34, 5.May 2022

The decision to hike policy rate will be ultimately good for the banking sector as the risk is getting re-priced properly, SBI’s Economic Research Department said in a report. New Delhi, May 5 (IANS) The decision to hike policy rate will

Read Full Article
Equities tank after RBI’s policy rate hike, settle sharply low

Equities tank after RBI’s policy rate hike, settle sharply low

🕔16:48, 4.May 2022

New Delhi, May 4 (IANS) Indian equity benchmarks on Wednesday plunged sharply and settled in the red after the Reserve Bank of India (RBI) announced a hike in repo rate. In a surprise and unscheduled move, the central bank raised the

Read Full Article
RBI to restore regulated markets’ trading hours to pre-pandemic timings

RBI to restore regulated markets’ trading hours to pre-pandemic timings

🕔09:47, 12.Apr 2022

The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday. Mumbai, April 12 (IANS) The trading hours of various markets

Read Full Article
RBI to restore regulated markets’ trading hours to pre-pandemic timings

RBI to restore regulated markets’ trading hours to pre-pandemic timings

🕔06:30, 12.Apr 2022

The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday. Mumbai, April 12 (IANS) The trading hours of various markets

Read Full Article
View on RBI’s Monetary Policy dated 08.04.2022 By Atul Kumar Goel, MD and CEO of PNB

View on RBI’s Monetary Policy dated 08.04.2022 By Atul Kumar Goel, MD and CEO of PNB

🕔15:06, 8.Apr 2022

New Delhi, April 08: In line with market expectations RBI Monetary policy Committee, kept the repo rate unchanged at 4% and continued with accommodative stance. Given the current Geopolitical situation the increasing inflation projections and reducing growth outlook was also

Read Full Article