RBI sells gold on high reserve, surplus transfer to Centre October 26, 2019DayAfter The Reserve Bank of India (RBI) has sold gold worth $1.15 billion so far in its business year (July-June), along with buying gold [...]
Govt loans from RBI down to Rs 402 cr in week ended Oct 11 October 19, 2019DayAfter The Central government had Rs 402 crore outstanding loans with the RBI in the week ended October 11, according to a weekly statistical [...]
Govt already switched Rs 40,109 cr securities in FY 20: RBI October 11, 2019DayAfter The Central government has switched securities worth Rs 40,109 crore out of the budgeted Rs 50,000 crore in the current fiscal, according to [...]
Indian banking sector sound, stable: RBI Governor October 4, 2019DayAfter Days after the PMC Bank came under scanner for alleged frauds, the RBI Governor Shaktikanta Das on Friday said that all was well [...]
Growth Woes: RBI reduces India’s FY20 GDP growth forecast to 6.1% October 4, 2019DayAfter The Reserve Bank on Friday reduced India’s economic growth forecast to 6.1 per cent for 2019-20 due to a continued weak consumer sentiment [...]
Little change in markets after RBI’s 25 bps rate cut October 4, 2019DayAfter Sensex which had opened with a 250 points gain was up 115 points after the Reserve Bank on India on Friday slashed the [...]
RBI reduces key lending rate by 25 bps; maintains accomodative stance October 4, 2019October 5, 2019DayAfter To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key lending rates for the fifth consecutive [...]
RBI may opt for 25 bps cut to boost growth: Experts October 1, 2019DayAfter The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points (bps) on Friday and is expected to [...]
RBI bars PMC Bank from doing business for 6 months September 24, 2019DayAfter The Reserve Bank of India (RBI) has barred the Punjab & Maharashtra Cooperative Bank Ltd (PMC), Mumbai from carrying out the majority of [...]
Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI September 16, 2019DayAfter Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign [...]