Reserve Bank Of India | The Asian Age

Monday, Sep 25, 2023 | Last Update : 06:59 PM IST

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Harried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here TuesdayHarried depositors of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank continued their agitation outside the Reserve Bank of India (RBI) office here Tuesday. (Photo: ANI)

PMC depositors hold agitation

A delegation of depositors also met a chief general manager-rank officer after the protest in suburban BKC and submitted a memorandum.

30 Oct 2019 3:39 AM

The forex reserves had risen by USD 1.879 billion to a new record high of USD 439.712 billion in the previous reporting week.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM

India jumps 14 places in ease of doing biz

India also ranked Number One in South Asia. India went up ahead by 23 and 30 places, respectively, in the past two years.

25 Oct 2019 1:39 AM

Prime Minister Narendra Modi (Photo: AP)

Economic slump: PM Modi set to meet top ministers today

India is currently a $2 trillion worth economy.

23 Oct 2019 2:25 AM

RBI feels bank rates will drop after benchmarking

All the six members of the MPC had voted in favour of a rate cut.

19 Oct 2019 2:12 AM

Despite the slew of measures by the government and the Reserve Bank of India (RBI) to boost liquidity and revive demand, the current market sentiments in the real estate market have fallen close to demonetization levels and the future market sentiments are at all-time low levels.

Real estate market sentiment decline to 2016 note ban levels

A score of over 50 signifies ‘optimism’ in sentiments, a score of 50 ‘neutral’ and a score below 50 ‘pessimism’.

18 Oct 2019 2:22 AM

This is the third time the regulator has increased the withdrawal limit since its clamped down on the bank on September 23, when the RBI had capped it at Rs 1,000 per customer, which led to lot of distress and criticism. (Photo: File | PTI)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM

The move, applicable for both new as well as existing borrowers, brings down its lending rate to 8.25 percent for the salaried borrowers to the lowest bracket and at 8.65 percent on the upper end.

HDFC lowers lending rates by 10 bps to 8.25 per cent

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

14 Oct 2019 7:35 PM

This brings an end to recent uncertanity and the Bank will continue to work towards raising capital as per the permitted modes in compliance with all applicable Acts and Regulations, Laxmi Vilas Bank's chief financial officer S Sundar said.

Merger failure: Lakshmi Vilas Bank confident of raising capital

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

10 Oct 2019 5:24 PM

Headline consumer price index inflation likely jumped in September on the back of a surge in onion prices. But that will hardly bring tears to the eyes of the RBI, as it is likely to have stayed below the 4.0 per cent target, said Shilan Shah, senior India economist at Capital Economics.

Inflation increased in September but won't 'bring tears' to RBI: Report

If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM

Shares of Lakshmi Vilas Bank (LVB) sank 5 per cent to hit lower price band as well as one-year low of Rs 25.65 on the BSE.

Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows

Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.

10 Oct 2019 12:11 PM

Yes Bank chief Ravneet Gill said the new investor/s will be either a strategic partner like a tech company, or a financial investor or a deep-pocketed family office.

Yes Bank shares jump over 4 per cent on fresh investment buzz

Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.

07 Oct 2019 12:28 PM

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

05 Oct 2019 1:50 AM

Even if the lending rates were passed on the consumer, it would at best be a task half done as India is currently grappling with poor consumer sentiment.

RBI does its bit, govt’s turn next

Compared to a repo rate of 135 basis points over the one year, banks have slashed their lending rates only by 29 basis points.

05 Oct 2019 1:46 AM

The repo rate cut is aimed at pushing consumption up during the ongoing festival season by reducing borrowing costs for home and auto loans, which are now directly linked to this benchmark.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

04 Oct 2019 4:11 PM

Reserve Bank of India's Monetary Policy Committee decided to cut benchmark lending repo rate by 0.25 per cent to 5.15 per cent in a bi-monthly meeting in Mumbai on Friday.

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

04 Oct 2019 12:08 PM

According to the survey, new work intakes contracted in September, after an 18-month sequence of expansion. (Photo : Representational)

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

04 Oct 2019 11:54 AM

Experts and industry feel low inflation provides enough headroom for the RBI to further lower the policy rate, especially when festive season has just started.

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

03 Oct 2019 5:50 PM

In a statement, the ICAI said it has sought requisite details of their findings as well as that of any 'member/firm alleged to be involved in the matter'. (Photo: File | PTI)

PMC Bank case: ICAI to check role of auditors

ICAI on Wednesday said it has triggered its disciplinary mechanism and has written to the bank as well as regulatory agencies.

02 Oct 2019 3:56 PM

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15 per cent, which would take cumulative cuts so far this year to 135 bps.

India central bank set to cut rates again as fiscal measures fail to cheer

With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.

02 Oct 2019 2:41 PM

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