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In the previous Monetary Policy Committee (MPC) meeting in June, the RBI's CPI inflation projection for the current fiscal stood at 5.1 per cent.
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This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by M&M, Maruti, Bharti Airtel, Sun Pharma and NTPC.
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IMF scaling down India’s growth forecast is yet another grim reminder of the ongoing crisis and the tough recovery road ahead
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The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
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RBI's Financial Stability Report for July also noted that big tech offers a wide range of digital financial services and has a substantial footprint in the payment systems, crowdfunding, asset management
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The rate has been increased from 7.81 per cent that was applicable in the April-June quarter.
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Mumbai: Seeking to accelerate its general awareness campaign, the Reserve Bank of India (RBI) has started looking for an entity that can develop multimedia publicity material in 14 languages. The pan-India campaign to educate the general public about the essential rules and regulations will be launched in Hindi, Assamese, Bangla, Gujarati, Kannada, Malayalam, Marathi, Oriya, […]
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The PMC Bank had invited Expression of Interest (EoI) from eligible investors for investment/ equity participation for its reconstruction and had received four proposals.
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Though business activity has increased sharply this month, consumer sentiment and labour market remain weak
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The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.
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Rising income inequality is the key reason why poor are finding it hard to access proper healthcare in this crisis
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The first such auction of Rs 25,000 crore was held on April 15 and second one was on May 20 for Rs 35,000 crore.
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Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's.
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The facility will have tenors of up to three years at repo rate (4 per cent), said RBI Governor Shaktikanta Das.
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At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.
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The announcement came after a three-day meeting of its Monetary Policy Committee (MPC).
The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.
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Contrary to the narrative being advanced by the NDA govt, GDP growth has been a point of growing weakness for the last five years
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In its report, the RBI has stated that the circulation of the Rs. 2000 notes has fallen drastically to 17.3 % of overall notes in circulation as of March 2021
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The stock markets are mainly driven by money supply and foreign portfolio investor (FPI) investments, the apex bank said.