Mumbai, Dec 2 Banking and financial sector stocks will be in focus throughout rest of the trade week as the Reserve Bank commenced its Monetary Policy Committee meet on Wednesday. According to analysts, these sectors have performed well, of late,
Mumbai, Nov 26 (IANS) The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI),
Mumbai, Nov 23 The Reserve Bank of India’s (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat. Taking to Twitter, RBI Governor, Shaktikanta Das wrote: “RBI Twitter
New Delhi, Nov 20 (IANS) The Reserve Bank of India’s internal working committee has recommended path-breaking reforms in the Indian banking sector, calling for participation of large Indian corporates and industrial house as promoters of banks. The P.K. Mohanty-headed working group
Mumbai, Nov 20 The Reserve Bank of India (RBI) on Thursday imposed penalties of Rs 10 lakh and Rs 5 lakh on Muthoot Finance and Manappuram Finance respectively for norm violations. The central bank has penalised Muthoot Finance Limited for
Chennai, Nov 18 The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also
Mumbai, Nov 12 India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI’s Economic Activity Index estimates that India’s GDP
Mumbai, Nov 9 Equitas Small Finance Bank on Monday said that the Reserve Bank of India (RBI) has lifted the restrictions imposed on the bank, including on opening of new branches. The Central bank had also directed a freeze on the
New Delhi, Nov 6 The Reserve Bank of India (RBI) on Thursday announced a Co-Lending Model (CLM) scheme under which banks can provide loans along with all registered NBFCs, including housing finance companies (HFCs), to priority sector borrowers based on
Mumbai, Nov 2 The Reserve Bank of India will restore trading hours for currency and bond markets in a phased manner from November 9. The RBI on Monday notified that market activities including the sales and purchase of G-secs will
Mumbai, Oct 25 Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said that he has tested positive of novel coronavirus infection. Das, however, said that he is asymptomatic and is feeling alright. “I have tested COVID-19 positive. Asymptomatic.
New Delhi, Oct 22 Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that India is at the doorstep of a revival process from the ongoing pandemic. Speaking at an event, he said that it is very important
Mumbai, Oct 22 To provide banks with liquidity that can be used to support specific sectors, the Reserve Bank of India will conduct ‘On tap Targeted Long-term Repo Operations’ on Thursday. The operations will be conducted for a total amount
New Delhi, Oct 19 The Reserve Bank of India’s framework for loan recast or stress resolution for the Covid-19 related stress which allows banks to restructure loans of real estate companies at the project level comes as a major relief
Mumbai, Oct 16 The Reserve Bank of India (RBI) on Friday announced the purchase of state development loans worth Rs 10,000 crore under open market operations. The auction will be conducted on October 22. The RBI, in a statement, said that
New Delhi, Oct 14 The Reserve Bank of India on Tuesday informed the Supreme Court that banks are free to decide on the aspect of financing the Amrapali projects in accordance with their commercial judgements. A bench comprising Justices U.U.
Mumbai, Oct 12 Households expect inflation to remain elevated over the next one year, as per a survey by the Reserve Bank of India (RBI). The ‘Inflation Expectations Survey of Households’, however, noted that the respondents’ perception of current inflation
Mumbai, Oct 9 The Reserve Bank made an expected move by retaining key lending rates, but cheered investors and home buyers by giving a liquidity boost and an optimistic outlook. The central bank’s Monetary Policy Committee, in its penultimate meet
New Delhi, Oct 9 As the Reserve Bank of India (RBI) came up with another slew of measures to improve the liquidity scenario, industry players and experts have lauded its steps. They also appreciated the fact that the central bank
Mumbai, Oct 9 To maintain comfortable liquidity conditions in the Covid battered economy, the Reserve Bank of India (RBI) on Friday announced the sale and purchase of government securities worth Rs 20,000 crore under open market operations (OMOs). According to
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