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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to cover all repetitive bill payments under Bharat Bill Payments...

A detailed guideline in this regard will be issued by September-end.

7 Aug 2019 3:00 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

7 Aug 2019 2:45 PM IST

Reserve Bank of India (RBI)

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

7 Aug 2019 1:46 PM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand,...

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

7 Aug 2019 1:36 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex, Nifty turn volatile after RBI cuts repo rate

RBI reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

7 Aug 2019 1:10 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee sees high volatility post RBI policy decision; inches to 71...

The domestic currency was trading at 70.91, down by 10 paise over its last close.

7 Aug 2019 12:44 PM IST

Huaweis revenue grew 19.5 percent 721.2 billion yuan last year, in line with what it had earlier flagged. (Photo: AP)

China warns India of 'reverse sanctions' if Huawei is blocked: sources

Minister Ravi Shankar Prasad told parliament that six proposals have been received for 5G trials, including from Huawei.

7 Aug 2019 12:34 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

RBI keeps retail inflation projection within target for next 12 months

CPI (Consumer Price Index) retail inflation is projected at 3.1 per cent for the second quarter this fiscal.

7 Aug 2019 12:21 PM IST

Governor Shaktikanta Das

RBI cuts key rate by 35 bps to boost economic activitiy

RBI trims GDP growth forecast for current fiscal to 6.9 per cent from 7 per cent previously predicted.

7 Aug 2019 11:56 AM IST

One of the automobiles damaged in the accident.

Tens of thousands losing jobs as India's auto crisis deepens: sources

Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

7 Aug 2019 10:53 AM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee slips 12 paise against dollar in early trade

Rupee is trading at 70.93 against dollar ahead of the outcome of Reserve Bank of India's monetary policy review meet.

7 Aug 2019 10:17 AM IST