RBI to Raise Repo Rate to 5.9%: Morgan Stanley
In the credit policy, the monetary policy committee plans to raise the repo rate by 50 basis points to 5.90 per cent and keep the...
Tag : Reserve Bank of India (RBI)
RBI Fines Rani Laxmibai Urban Cooperative Bank for Breaking Rules
The Reserve Bank of India (RBI) on September 5 fined Uttar Pradesh-based Rani Laxmibai Urban Cooperative Bank Rs 5 lakh for breaching norms related to...
Kotak Mahindra Bank Reports 5,278 Fraud Cases in Q1FY22-23, SBI 9 Only
According to the Reserve Bank of India (RBI) data, Leading private sector lender Kotak Mahindra Bank recorded as many as 5,278 fraud cases in Q1FY22-23...
RBI Working on Database of Fraudsters to Prevent Bank Fraud
The Reserve Bank of India (RBI) is setting up a fraud registry to help keep repeat offenders out. “The fraud registry will capture information such...
RBI’s Surplus Falls Below Rs 1 Trillion as Liquidity Shrinks
A combination of factors, including Reserve Bank of India (RBI) intervention in foreign exchange markets and strong demand for credit, contributed to a significant reduction...
Monetary Policy Committee (MPC) Supports Front-Loading Rate Increases to Reduce Inflation
According to the minutes of the Reserve Bank of India’s August policy meeting, which were made public on Friday, the majority of the committee’s members...
IRCTC Tenders to Hire Consultants for Digital Asset Monetisation
According to media reports, Railway ticketing and catering giant Indian Railways Catering and Tourism Corporation (IRCTC) has tendered for consultants to monetise digital assets. These...
Govt Gets RBI Nod for Structuring IDBI Stake Sale
The Reserve Bank of India (RBI) has agreed with the government to arrange the sale of IDBI’s stake. All issues related to the structure of...
HDFC Bank Raises $300 Mn in NRE Deposits
India’s most valuable bank, HDFC Bank, is said to have raised $300 million in NRE deposits, 50 basis points above prevailing rates, people familiar with...
RBI Rise Rates After Loan EMI Set
On Friday, the Reserve Bank of India (RBI) decided to hike in policy repo rate by another 50 basis points (bps) to 5.4%. As per...
