Bank of Baroda Cuts MCLR Rates, EMIs to Get Cheaper
Bank of Baroda (BoB) has reduced the marginal cost of funds based lending rate (MCLR) on one year tenor by 10 basis points (bps). Bank...
Tag : Reserve Bank of India (RBI)
RBI Buys Net $6.93 Billion in Currency Market in November
The Reserve Bank of India (RBI) bought a net $6.93 billion in the foreign exchange market in November, marginally below the $7.1 billion it had...
Rupee Hits One Month Low Crude Prices Jump
The Indian rupee weakened to hit a near one month low against the US dollar due to a spoke in crude oil prices amid escalating...
11.4 Lakh Transactions in First 8 Hours After RBI's 24X7 NEFT
Around 11.40 lakh transactions were settled in the first eight hours after widely-used NEFT was made operational on 24X7 basis, the RBI said. The RBI...
PMC Depositors Meet Maharashtra CM for Bank's Revival
The bank depositors of Punjab and Maharashtra Co-operative (PMC) met with Maharashtra Chief Minister Uddhav Thackeray at his residence Matoshree. “The Chief Minister has assured...
Bond Yields Hit Five-Month High as Inflation
The yield on the 10-year government bond hit a five-month high as hopes of rate cuts by the Reserve Bank of India (RBI) dimed after...
Ujjivan SFB Lists at 57% Premium to Issue Price
Ujjivan Small Finance Bank‘s shares made a bumper debut in the stock market, listing at Rs 58 on the BSE, a 56.76 per cent premium...
78% Of PMC Bank Depositors Can Withdraw Entire Balance
According to Finance Minister Nirmala Sitharaman, nearly 78 per cent of PMC Bank’s depositors are not allowed to withdraw the entire amount available in the...
RBI Appoints 3-Member Committee For Administrator in DHFL
The Reserve Bank of India (RBI) on Friday constituted a three-member advisory committee to help the administrator of Dewan Housing Finance Corp Ltd(DHFL) discharge his...
Yes Bank Gets $1.2 Bn Lifeline: Rana Kapoor Role to Shrink
Yes Bank Ltd said a global entity has made a binding offer to invest $ 1.2 billion in the cash-starved lender through an issue of...