Supreme Court Tells Crisis-Hit PMC Bank Petitioner To Approach High Court
India News | Reported by A Vaidyanathan, Edited by Debanish Achom | Friday October 18, 2019
Depositors of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank will have to stick to the withdrawal limit of Rs 40,000 for six months that was fixed by the Reserve Bank of India (RBI). A petition in the Supreme Court, seeking a bailout package and withdrawal of limit for depositors, filed by Delhi-based activist Bejon Kumar Misra was t...
Wholesale Inflation At 0.33% In September
Business | Edited by Sandeep Singh | Monday October 14, 2019
The Reserve Bank of India (RBI) tracks consumer inflation primarily while formulating its monetary policy.
"Justified Worries...": Finance Minister Speaks To RBI Chief On PMC Bank
India News | Edited By Debanish Achom | Saturday October 12, 2019
Finance Minister Nirmala Sitharaman today reached out to customers of the troubled Punjab and Maharashtra Cooperative (PMC) Bank amid concerns over long-term freeze on withdrawing funds from the bank. The Reserve Bank of India (RBI) - following demands from angry PMC Bank customers - had thrice raised withdrawal limit from Rs 1,000 to Rs 10,000 to ...
RBI Central Board Reviews Economic Situation, Co-Operative Banks
Business | Indo-Asian News Service | Friday October 11, 2019
The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.
Foreign Exchange Reserves At New Life-Time High Of $437.83 Billion
Business | Press Trust of India | Friday October 11, 2019
The country's reserve position with the IMF also increased by $9 million to $3.61 billion, RBI data showed.
As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
India News | Suvashree Ghosh, Bloomberg | Thursday October 10, 2019
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
Looking To Invest In Sovereign Gold Bonds? Here's All You Need To Know
Business | Edited by Anshul | Monday October 7, 2019
The fifth series (Series V) of Sovereign Gold Bonds scheme (SGBs) 2019-20 opened for subscription on Monday. SGB, a government-run scheme, allows gold investments in non-physical form. For the current series of gold bonds, the price of one gram of gold has been kept at Rs 3,788, according to a statement by the Reserve Bank of India (RBI). The RBI i...
Key Lending Rate Reduction To Benefit Consumers: Prakash Javadekar
Business | Indo-Asian News Service | Saturday October 5, 2019
Mr Javadekar said the reduction in repo rate by the Reserve Bank of India (RBI) is an important step to boost growth and it will directly benefit the consumers as bank loans will get cheaper.
RBI Grade B Officer Exam In November
Jobs | Edited by Maitree Baral | Saturday October 5, 2019
The first phase exam for selection of Grade B officers in the Reserve Bank of India (RBI) will be held on November 9.
RBI Reduces Repo Rate To 5.15%, Lowest Since April 2010: 10 Things To Know
Business | Written by Sandeep Singh (with inputs from Reuters) | Friday October 4, 2019
The Reserve Bank of India (RBI) on Friday lowered the repo rate by 0.25 percentage point to 5.15 per cent, in line with economists' expectations. The central bank's Monetary Policy Committee also maintained an accommodative stance on policy, which rules out any increase in the key interest rates for now. All but one member of the Committee - chaire...
"Seen It Only In Media": RBI Governor On Rs 30,000 Crore Reported Payout
Business | Reported by Purva Chitnis, Edited by Debanish Achom | Friday October 4, 2019
The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal deficit, or theshortfall in the government's income compared with its spending.
RBI Lowers GDP Growth Forecast For Current Financial Year To 6.1%
Business | Written by Abhishek Vasudev | Friday October 4, 2019
The Reserve Bank of India's cut in GDP growth forecast comes at a time when the country's growth logged slowest pace of growth in six years.
RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth
Business | Written by Abhishek Vasudev | Friday October 4, 2019
The decision to cut repo rate by the Reserve Bank of India was agreed upon by all the Monetary Policy Committee members.
Rate-Sensitive Shares Gain Ahead Of RBI Monetary Policy Decision
Business | Written by Abhishek Vasudev | Friday October 4, 2019
Gauge of auto shares on the NSE - Nifty Auto index rose 0.61 per cent followed by gain of 0.6 and 0.5 per cent each in Nifty Financial Services and Nifty Bank indexes respectively.
RBI Raises Withdrawal Limit For PMC Bank Account Holders To Rs 25,000
Business | Edited By Abhishek Vasudev | Thursday October 3, 2019
With the above relaxation, more than 70% of the depositors of the bank will be able to withdraw their entire account balance, RBI said.
SBI Revises Interest Rates On Savings Deposits, Fixed Deposits
Oct 9, 2019
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Oct 1, 2019
"Told Money In Bank Is Safe. What Safety?": Worried PMC Account Holders
Sep 27, 2019
RBI Raises Withdrawal Limit To Rs. 10,000 From PMC Bank Account Holders
Sep 26, 2019
SBI Cuts Interest Rates On Home Loans, Fixed Deposits
Sep 9, 2019
Amid Slowing Growth, RBI To Make Rs 1.76 Lakh-Crore Payout To Government
Aug 27, 2019
RBI To Transfer Rs 1.76 Lakh Crore To Government
Aug 26, 2019
RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower
Aug 7, 2019
RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Jun 24, 2019
Supreme Court Tells Crisis-Hit PMC Bank Petitioner To Approach High Court
India News | Reported by A Vaidyanathan, Edited by Debanish Achom | Friday October 18, 2019
Depositors of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank will have to stick to the withdrawal limit of Rs 40,000 for six months that was fixed by the Reserve Bank of India (RBI). A petition in the Supreme Court, seeking a bailout package and withdrawal of limit for depositors, filed by Delhi-based activist Bejon Kumar Misra was t...
Wholesale Inflation At 0.33% In September
Business | Edited by Sandeep Singh | Monday October 14, 2019
The Reserve Bank of India (RBI) tracks consumer inflation primarily while formulating its monetary policy.
"Justified Worries...": Finance Minister Speaks To RBI Chief On PMC Bank
India News | Edited By Debanish Achom | Saturday October 12, 2019
Finance Minister Nirmala Sitharaman today reached out to customers of the troubled Punjab and Maharashtra Cooperative (PMC) Bank amid concerns over long-term freeze on withdrawing funds from the bank. The Reserve Bank of India (RBI) - following demands from angry PMC Bank customers - had thrice raised withdrawal limit from Rs 1,000 to Rs 10,000 to ...
RBI Central Board Reviews Economic Situation, Co-Operative Banks
Business | Indo-Asian News Service | Friday October 11, 2019
The RBI Central Board met amidst weak growth estimates by global agencies and the RBI itself and also the recent fraud at the PMC Bank.
Foreign Exchange Reserves At New Life-Time High Of $437.83 Billion
Business | Press Trust of India | Friday October 11, 2019
The country's reserve position with the IMF also increased by $9 million to $3.61 billion, RBI data showed.
As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
India News | Suvashree Ghosh, Bloomberg | Thursday October 10, 2019
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
Looking To Invest In Sovereign Gold Bonds? Here's All You Need To Know
Business | Edited by Anshul | Monday October 7, 2019
The fifth series (Series V) of Sovereign Gold Bonds scheme (SGBs) 2019-20 opened for subscription on Monday. SGB, a government-run scheme, allows gold investments in non-physical form. For the current series of gold bonds, the price of one gram of gold has been kept at Rs 3,788, according to a statement by the Reserve Bank of India (RBI). The RBI i...
Key Lending Rate Reduction To Benefit Consumers: Prakash Javadekar
Business | Indo-Asian News Service | Saturday October 5, 2019
Mr Javadekar said the reduction in repo rate by the Reserve Bank of India (RBI) is an important step to boost growth and it will directly benefit the consumers as bank loans will get cheaper.
RBI Grade B Officer Exam In November
Jobs | Edited by Maitree Baral | Saturday October 5, 2019
The first phase exam for selection of Grade B officers in the Reserve Bank of India (RBI) will be held on November 9.
RBI Reduces Repo Rate To 5.15%, Lowest Since April 2010: 10 Things To Know
Business | Written by Sandeep Singh (with inputs from Reuters) | Friday October 4, 2019
The Reserve Bank of India (RBI) on Friday lowered the repo rate by 0.25 percentage point to 5.15 per cent, in line with economists' expectations. The central bank's Monetary Policy Committee also maintained an accommodative stance on policy, which rules out any increase in the key interest rates for now. All but one member of the Committee - chaire...
"Seen It Only In Media": RBI Governor On Rs 30,000 Crore Reported Payout
Business | Reported by Purva Chitnis, Edited by Debanish Achom | Friday October 4, 2019
The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal deficit, or theshortfall in the government's income compared with its spending.
RBI Lowers GDP Growth Forecast For Current Financial Year To 6.1%
Business | Written by Abhishek Vasudev | Friday October 4, 2019
The Reserve Bank of India's cut in GDP growth forecast comes at a time when the country's growth logged slowest pace of growth in six years.
RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth
Business | Written by Abhishek Vasudev | Friday October 4, 2019
The decision to cut repo rate by the Reserve Bank of India was agreed upon by all the Monetary Policy Committee members.
Rate-Sensitive Shares Gain Ahead Of RBI Monetary Policy Decision
Business | Written by Abhishek Vasudev | Friday October 4, 2019
Gauge of auto shares on the NSE - Nifty Auto index rose 0.61 per cent followed by gain of 0.6 and 0.5 per cent each in Nifty Financial Services and Nifty Bank indexes respectively.
RBI Raises Withdrawal Limit For PMC Bank Account Holders To Rs 25,000
Business | Edited By Abhishek Vasudev | Thursday October 3, 2019
With the above relaxation, more than 70% of the depositors of the bank will be able to withdraw their entire account balance, RBI said.
SBI Revises Interest Rates On Savings Deposits, Fixed Deposits
Oct 9, 2019
Suspended PMC Bank Chief Hid Info From RBI Fearing "Reputational Loss"
Oct 1, 2019
"Told Money In Bank Is Safe. What Safety?": Worried PMC Account Holders
Sep 27, 2019
RBI Raises Withdrawal Limit To Rs. 10,000 From PMC Bank Account Holders
Sep 26, 2019
SBI Cuts Interest Rates On Home Loans, Fixed Deposits
Sep 9, 2019
Amid Slowing Growth, RBI To Make Rs 1.76 Lakh-Crore Payout To Government
Aug 27, 2019
RBI To Transfer Rs 1.76 Lakh Crore To Government
Aug 26, 2019
RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower
Aug 7, 2019
RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Jun 24, 2019
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