Bank Of India

RBI Holds Meeting Over Coin-Storage Crisis Of Banks In Shirdi

India News | Press Trust of India | Thursday June 20, 2019

The Reserve Bank of India has instructed nationalised banks to continue to accept coins deposited by the Saibaba temple at Shirdi in Maharashtra, the temple's managing body said Wednesday.

RBI Penalises HDFC Bank For Violating Know Your Customer Norms

Business | ANI | Wednesday June 19, 2019

The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer.

After RBI Action Against Manipur, Biren Singh Takes Over Key Departments

India News | Written by Ratnadip Choudhury | Thursday June 13, 2019

Manipur Chief Minister N Biren Singh reshuffled the state cabinet to take over the key departments of finance, public works and power today, a day after the Reserve Bank of India directed nationalised banks to stop honouring bills and cheques issued by his government.

ICICI Reported Most Number Of Fraud Cases In 11 Years Worth 5,000 Crores

India News | Press Trust of India | Wednesday June 12, 2019

Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported highest number of cases, according to an RBI data.

Consumer Inflation Picks Up To 3.05% In May, Highest In 7 Months

Business | NDTV Profit Team | Wednesday June 12, 2019

The latest set of inflation data comes days after the Reserve Bank of India (RBI) reduced the repo rate - the key interest rate at which it lends short-term funds to commercial banks - to a nine-year low of 5.75 per cent.

Check Out Latest Fixed Deposit Interest Rates Of SBI, Post Office

Business | NDTV Profit Team | Tuesday June 11, 2019

The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to the tenor of a fixed deposit across various maturities. India Post - which operates a network of more than 1.5 lakh post offices across the country - offers four maturity periods under its FD account. State Bank of India, the country's largest lender,...

Government Not To Seek Funds For State-Run Bank Recapitalisation: Report

Business | Indo-Asian News Service | Monday June 17, 2019

In 2018-19, the government had pumped in the highest-ever infusion of Rs 1.6 lakh crore into PSBs to meet regulatory and growth capital requirements.

Bad Loan Ratio Falls To 9.3% From 11.5% In 2018-19: Crisil

Business | Press Trust of India | Monday June 10, 2019

The RBI's asset quality review led to a massive spike in NPAs, and was supported with the enactment of the bankruptcy law for resolving the cases.

SBI Introduces Repo Rate-Linked Home Loan. Here's What It Means For You

Business | NDTV Profit Team | Monday June 10, 2019

SBI or State Bank of India has introduced repo rate-linked home loans. SBI, the country's largest bank by assets, said in a statement last Friday that it would offer home loans linked to the repo rate from July 1, 2019. Repo rate is the key interest rate at which commercial banks borrow short-term funds from the Reserve Bank of India (RBI). The ann...

Cash Deeply Embedded In Payment Systems In India: RBI

Business | Indo-Asian News Service | Friday June 7, 2019

Demonetisation and an active growth in GDP brought down the active cash in circulation as a percentage of GDP to 8.7 per cent in 2016.

RBI Issues Revised Circular For Resolution Of Stressed Assets

Business | NDTV Profit Team | Friday June 7, 2019

According to RBI's revised guidelines, the lenders can start resolution process for a stressed asset within 30 days of default. "All lenders must put in place Board-approved policies for resolution of stressed assets, including the timelines for resolution," according to RBI's revised circular.

From Investment Limit To Redemption Price, All You Need To Know About Sovereign Gold Bonds

Business | NDTV Profit Team | Tuesday June 11, 2019

Sovereign Gold Bond or SGB is a certificate scheme in which the Reserve Bank of India issues bonds on behalf of Government of India. The gold bonds will be issued every month from June till September this year, according to a statement by the Ministry of Finance. Here are some details to know about the Sovereign Gold Bond scheme, which offers the b...

'On Tap' Licensing For Small Finance Banks Under Study, Says RBI

Business | Indo-Asian News Service | Thursday June 6, 2019

The Reserve Bank of India (RBI) on Thursday said it was considering 'on-tap' licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August.

Sensex, Nifty Stage Biggest Fall Of 2019 Despite RBI Cutting Rates

Business | NDTV Profit Team | Thursday June 6, 2019

The S&P BSE Sensex and NSE Nifty 50 Indexes staged their biggest single day fall of 2019 even as the Reserve Bank of India cut repo rate by 0.25%.

"Glad RBI Governor Has Shakti In His Name": Anand Mahindra After Rate Cut

India News | Edited By Debanish Achom | Thursday June 6, 2019

The policy rate cut for a third time this year by the powerful Monetary Policy Committee under the leadership of RBI Governor Shaktikanta Das has won praise from industrialist Anand Mahindra - along with a compliment on the significance of the word "Shakti" or power.