Tag: RBI
17 Results
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Telcos pay off Rs 14,700 cr AGR dues; RBI says ‘no red flags’ raised, but closely monitoring
The Supreme Court, last Friday, came down heavily on the telecom companies for not paying dues to the tune of Rs 1.47 lakh crore to the government.
February 18, 2020 -
Transmission rates steadily improving, inflation spike factored in, says RBI Guv
He added that the said the transmission of rate cuts have improved by 69 bps from earlier 35 bps and will improve further.
February 15, 2020 -
Bank of India reduces six-month MCLR by 10 basis points
The move came a day after the Reserve Bank of India’s monetary policy committee (MPC) kept repo rate unchanged at 5.15 percent.
February 8, 2020 -
SBI cuts MCLR for nine consecutive month
SBI has also decided to cut in the retail fixed deposits or FD rates. The reduction in MCLR and FD rates will come into effect from February 10.
February 7, 2020 -
RBI not to print more money to cover fiscal deficit
This is the third consecutive year that the government has revised its fiscal deficit target.
February 6, 2020 -
RBI keeps repo rate unchanged at 5.15% in last monetary policy for FY20 amid slowdown
Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.
February 6, 2020 -
RBI keeps forecasts growth at 6%, keeps repo rate unchanged at 5.15%
The Reserve Bank of India (RBI) also pegged country’s GDP growth for 2020-21 at 6 per cent.
February 6, 2020 -
Insurance cover on bank deposits raised to Rs 5 lakh
The new insurance cover came into effect from Tuesday onwards. Deposit insurance was static at Rs 1 lakh since 1993.
February 5, 2020 -
Budget time is here again
The Finance Minister needs to be more realistic in the goals and assumptions for Budget 2020. Instead of trying to drum up revenue collection through taxation measures or resorting to off-Budget borrowings, budget makers should take a hard look at the disproportionately large revenue expenses. Another worthwhile initiative could be a revamp of the taxation system.
January 28, 2020 -
Consumer Price Index rises sharply to 7.35 per cent in December 2019
The overall inflation in food, as reflected in the Consumer Food Price Index (CFPI) rose to 14.12 per cent in December 2019 as against 10.01 per cent in November and -2.65 in December 2018, according to data released by the National Statistical Office (NSO) on Monday.
January 13, 2020 -
Country’s Forex reserves crosses $461 billion mark
In the previous week, the reserves had risen by $2.52 billion to $454.948 billion.
January 11, 2020 -
GDP estimated to grow at only 5 per cent during 2019-20, slowest in 11 years
“Real GDP or GDP at Constant Prices (2011-12) in the year 2019-20 is likely to attain a level of Rs 147.79 lakh crore, as against the Provisional Estimate of GDP for the year 2018-19 of Rs140.78 lakh crore, released on 31 May, 2019,” an official communique said.
January 7, 2020 -
RBI launches ‘MANI’ app for visually challenged to identify currency notes
The app, ‘MANI’—Mobile Aided Note Identifier, will scan the currency notes by capturing their images and later it will generate a non-sonic notification.
January 2, 2020 -
Bank Holidays in January 2020 India: Check out the full list
As per the guidelines laid down by the Reserve Bank of India (RBI), all the banks will remain closed on January 1 on account of New Year's Day, Sundays and second and fourth Saturdays of the month.
December 31, 2019 -
PMC Bank fraud: Inspection report yet to be finalized, says RBI in RTI query
The federal bank said its preliminary findings indicated large-scale irregularities in the scam-hit bank.
December 30, 2019 -
Now Airtel Payments Bank customers can use NEFT for 24×7
Customers to Airtel Payments Bank customers can transfer funds via NEFT using the banking section of the Airtel Thanks app
December 26, 2019 -
RBI warns banks over retail loans lending fraught with risks
The survival of the banking industry depends on a turnaround in the macroeconomic conditions.
December 25, 2019