HDFC Bank Hikes MCLR Rates by 10Bps to 8.2%
On Wednesday, HDFC Bank raised the marginal cost of the funds-based lending rate (MCLR) by ten basis points to 8.2%. This is the bank’s fifth...
Tag : RBI
RBI Releases’ Alert List’ of 34 Entities Barred from Forex Trades
Reserve Bank of India has released a list of certain electronic trading platforms conducting foreign exchange transactions. This list (called ‘Alert List’) makes them unauthorised...
Govt Tries to Relax IDBI Bank’s Public Shareholding Rules After Privatisation
The government has contacted the capital market regulator to ask IDBI Bank to relax its minimum public shareholding (MPS) norms for two years after privatisation,...
HDFC Bank, SBI Plan to Raise Rs 10,000 Crore Via AT-1 Bond This Week
The Economic Times reported on September 5, citing people familiar with the matter, that banking giants HDFC Bank and State Bank of India (SBI) plan...
Rise in Service Exports 20.2% to $23.26 Billion in July- RBI Data
On Thursday, the Reserve Bank of India (RBI) data unconfined that India’s Services Exports augmented by 20.2% yearly to $23.26 billion in July. Markedly, the...
India Rupee Slips to All-Time Low Record; RBI Intervenes to Aid
The Indian Rupee dropped to an all-time low against the dollar on Monday. The Federal Reserve’s restrictive stance has prolonged, promoting the RBI’s intervention. The...
RBI Forex Reserves Falling Consecutively; Reserves Falls to $564 Billion, Lowest in 22 Months
Due to the falling foreign currency assets and gold reserves, the reserves of RBI slumped by 6.68 billion. The central bank has shared the data;...
SC Rejects FinMin’s Plea Against Citi, Standard Chartered Bank
On Wednesday, the Supreme Court rejected the Ministry of Finance‘s appeal alleging that Citibank and Standard Chartered Bank violated foreign exchange regulations and RBI guidelines...
Inflation Has Peaked, ‘Will Approach 4% Target Steadily’, Says RBI Governor
Shaktikanta Das, governor of the Reserve Bank of India, wants to reduce India’s inflation from its peak to 4% within two years.In an interview with...
LIC Housing Finance Hikes Rates by 50 Bps
Mortgage financier LIC Housing Finance has increased its prime lending rate by 50 basis points from August 22. With this increase, home loan rates will...