RBI

Mumbai: In a significant development, the Reserve Bank of India (RBI) on Thursday kept the key repo rate unchanged at 5.15 % in its first monetary policy Review after Budget 2020-21. The Monetary Policy Committee (MPC) maintained an…

Mumbai: Odisha’s Michael Patra has been appointed as the Deputy Governor of the Reserve Bank of India for a three-year term. Patra, an executive director at the RBI, replaces Viral Acharya, who left office on July 23 last year. He…

Bhubaneswar: The Reserve Bank of India (RBI) will hold its Central Board meeting here today. The meeting will be chaired by Reserve Bank of India (RBI) Governor Shaktikanta Das. The meeting will be held in Odisha after a gap of seven…

Mumbai: In a major blow to the reputation of India’s largest public sector bank, State Bank of India (SBI) has under-reported bad loans by ₹11,932 crore in FY19, a Reserve Bank of India (RBI) risk assessment report said. The central bank…

New Delhi: The Reserve Bank of India has cut the Repo Rate by 25 basis points, taking it down from 5.40% to 5.15%. The Reverse Repo Rate will also get adjusted to 4.90% and bank rate at 5.40 %, accordingly. The Monetary Policy Committee in…

New Delhi: In a significant development, the Reserve Bank of India or RBI has put restrictions on the amount depositors of Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) can withdraw from their accounts with the urban…

Mumbai: Union Finance Minister Nirmala Sitharaman announced Friday that several public sector banks would be merged to energise and consolidate their values as the country aims to achieve US 5 trillion dollar economy.

New Delhi: Former Congress President, Rahul Gandhi today stepped  up attack on the Centre over economic slowdown, saying  Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are clueless about how to solve “self created…

Mumbai: The Reserve Bank of India (RBI) will transfer ₹1.76 lakh crore  to the government this fiscal, the central bank said after a board meeting. The move could enable the government to kick-start a much needed public spending push as…

Mumbai: The Reserve Bank of India (RBI) has slashed repo rate by 35 basis points to 5.40 per cent.