Tag: Reserve Bank Of India

Mumbai: Domestic equity benchmark BSE Sensex advanced 150 points in early session on Thursday, driven by gains in banking, metal and energy stocks, ahead of key macroeconomic data releases. After touching a high of 37,421.13, the 30-share index was trading 129.68 points, or 0.35 per cent, higher at 37,400.50 at 0940 hours, while the broader […]

Mumbai: An internal working group (IWG) of the Reserve Bank of India on agricultural credit has recommended the Central and state governments to avoid farm loan waivers. According to the report of the ‘Internal Working Group to Review Agricultural Credit’, Central and state governments should undertake a holistic review of the agricultural policies and their […]

New Delhi: The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues. Selling acitivity was witnessed across sectors and the key indices remained in the red throughout the day. Stock-wise, Yes […]

Mumbai: Domestic equity benchmark BSE Sensex skyrocketed over 1600 points in morning session on Friday after Finance Minister Nirmala Sitharaman announced a slew of measures to revive the ailing economy. In a major booster to the market, the government has decided to not levy the enhanced surcharge introduced in the Budget on capital gain arising […]

Mumbai: Asserting that the Reserve Bank is more than autonomous, governor Shaktikanta Das Friday said though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions. Das said the differences of opinion between the government and the monetary authority happens in […]

Mumbai: The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of its routine business transactions for a period of six months, sparking panic among the depositors and sending shock-waves in the city banking and business circles on Tuesday. The apex bank’s Chief […]

Mumbai: Market benchmark BSE Sensex zoomed 396 points on Thursday, driven by gains in index heavyweights ICICI Bank, RIL, L&T and Maruti as September series derivatives expired amid positive cues from global markets. After rallying 565 points during the day, the 30-share Sensex ended 396.22 points, or 1.03 per cent, higher at 38,989.74. The broader […]

Mumbai: The Reserve Bank on Thursday enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 25,000 from Rs 10,000 per account over the next six month. This is the second time the regulator has increased the withdrawal limits since its clamped down on the bank on September 23 […]

Mumbai: Equity benchmark BSE Sensex jumped over 250 points in early trade on Friday, driven by gains in banking and financial stocks ahead of the Reserve Bank’s bi-monthly policy review. The 30-share index was trading 258.60 points, or 0.68 per cent, higher at 38,365.47. Similarly, the broader NSE Nifty spurted 70.00 points, or 0.62 per […]

Mumbai: To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key lending rates for the fifth consecutive time. Accordingly, the the RBI’s monetary policy committee (MPC) in its fourth policy review of the current fiscal reduced the repo, or short term lending rate for commercial banks, by 25 […]

New Delhi: The Finance Ministry on Friday said the Reserve Bank’s decision to lower the benchmark lending rate will complement recent measures taken by the government to accelerate growth. Earlier in the day, RBI cut the repo rate by 25 basis points to 5.15 per cent. The government has noted the reduction in repo rate […]

Mumbai: A recent survey conducted by the Reserve Bank of India (RBI) shows that the sentiment among the general public on the employment scenario in the country has declined significantly. The perception on the economic situation has also weakened, showed the survey. “Households’ sentiments on the general economic situation and the employment scenario declined further, […]

Mumbai: Domestic currency depreciated 13 paise to fall below the physiological mark of 71 a dollar on Monday. This comes after the Reserve Bank of India sharply lowered its FY20 growth forecast from 6.9 per cent earlier to 6.1 per cent. However, RBI expects 2QFY20 GDP growth at 5.3 per cent and it forecasts sharp […]

New Delhi: The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that […]

Mumbai: Reserve Bank of India (RBI) has ruled out any special liquidity facility for Non Banking Financial Institutions (NBFCs) saying there is enough in the system to meet their needs for borrowings and it is for the lenders to take a call on lending to the NBFCs. “Reserve Bank’s position is that there is adequate […]