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The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).

UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.

RBI's order came days after the last instance of service outage across its digital banking channels, including internet banking, mobile banking and other payments

We have now shrugged off the negative impact of the pandemic and are moving towards a sustained high growth trajectory in the coming years, said Niti Aayog Vice-Chairman

The RBI will announce its monetary policy review on December 4

At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback.

During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds

The 94-year-old Lakshmi Vilas Bank (LVB) was profitable for 90 years and that the bank has been incurring losses for the past three years only, the association said

Former RBI Governor Raghuram Rajan, former DG Viral Acharya say IWG’s recommendation is best left on the shelf at this juncture

The achievement is impressive as the 85-year-old Reserve Bank was also a latecomer to the world of Twitter as it created the account only in January 2012.

He said the RBI should have called for bids from interested parties

A moratorium has been imposed on the bank and cash withdrawals have been capped at Rs 25,000 per account.

Subsequent to the listing of equity shares of...ESFB, RBI vide its letter dated November 9, 2020 has acceded to request of the bank for lifting the regulatory restrictions, Equitas Holdings said

The government had asked the lending institutions to complete the exercise of crediting the amount in the accounts of borrowers by November 5.

I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor

Presence of non-performing assets in a bank also weakens monetary policy transmission and lowers the loan growth rate, said the working paper prepared by RBI

The ‘take-it-or-leave-it’ approach of the Modi govt on GST demonstrates its arrogant attitude

RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities

Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 per cent