RBI

RBI’s MPC Meeting Update – Repo Rate Hiked By 50 bps

RBI’s MPC Meeting Update – Repo Rate Hiked By 50 bps

The Reserve Bank Of India (RBI) has increased the repo rate by 50 basis points to 4.90%. The decision has been made after Monetary Policy Committee’s meeting on Wednesday. RBI’s decision is not a stunner as many polls and economists were expecting a 40 basis point hike. RBI has reduced the repo rate in March…

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI Raised Repo Rate By 40 bps: How It Will Affect

RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…

RBI Discussing Digital Lending Guidelines With Industry Bodies

RBI Discussing Digital Lending Guidelines With Industry Bodies

The Reserve Bank of India is involved in discussions with digital lending and consumer associations as it is on the way to finalising the guidelines on digital lending. The RBI has held a meeting with the Digital Lenders Association on India (DLAI) and the Fintech Association for Consumers Empowerment (FACE) on this matter and there…

Adani‌ ‌With‌ ‌54‌ ‌Others‌ ‌Interested‌ ‌To‌ ‌Acquire‌ ‌Reliance‌ ‌Capital‌ 

Adani‌ ‌With‌ ‌54‌ ‌Others‌ ‌Interested‌ ‌To‌ ‌Acquire‌ ‌Reliance‌ ‌Capital‌ 

Fifty-four companies, including Adani Finserve, ICICI Lombard, Tata AIG, Nippon Life Insurance, and HDFC Ergo, have shown their interest in acquiring debt-ridden Reliance Company Group, according to the sources.   Other bidders are Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, Blackstone Brookfield, KKR, TPG, Oak Tree Capital, Piramal Finance, and Poonawala Finance.  The last date of…

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

Recent reports have increased the trouble of digital payment giant, ‘Paytm’, stating that they are leaking data of their customers to Chinese firms. RBI has restricted the Paytm Payments Bank to include new customers, due to the reports that suggest data leaks from Paytm to Chinese firms. The Reserve Bank Of India has also called…

ABG Shipyard Insolvent: India’s Biggest Bank Fraud Unravels

ABG Shipyard Insolvent: India’s Biggest Bank Fraud Unravels

A single event unfolds the most horrifying fraud in the history of Indian banks. ABG shipyard was accused of serious debt of Rs 22,842 crore from 28 banks between the course of 2012 and 2017. The news came into the limelight recently unravelling the biggest scam with Indian banks. Big faces like SBI, ICICI and…

RBI Decided To Keep The Interest Rates Unchanged to 4%

RBI Decided To Keep The Interest Rates Unchanged to 4%

RBI Monetary Policy February 2022 has announced on Thursday. The Reserve bank kept the interest rate unchanged to 4% and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation, announced by RBI Governor Shrikanta Das in the MPC meeting.  He added that RBI will maintain an accommodative stance…

SBI Disburses Rs. 1.12 Lakh Crore Home Loans Until January FY22

SBI Disburses Rs. 1.12 Lakh Crore Home Loans Until January FY22

SBI (State Bank Of India): The Bank has disbursed 1.12 Lakh Crore loans until January before the FY22 ends. The bank records the highest number of loans in this financial year and crosses pre-COVID records as the demand for housing in the hinterland surged. This is a 20% growth over the corresponding period in FY21. …

“Digital Money Will Bring New Opportunities”─ Says PM Modi

“Digital Money Will Bring New Opportunities”─ Says PM Modi

PM Modi on Wednesday said that Digital Money would Make Online Payments More Secure and Risk-free and Boost Digital Economy in the Coming Years.  Prime Minister Narendra Modi on Wednesday made a strong pitch on digital currency launched by RBI. According to PM, the digital rupee, proposed in the Union Budget 2022-23, can be exchanged…

RBI Normalises Liquidity After The Secondary Sales Of Securities

RBI Normalises Liquidity After The Secondary Sales Of Securities

The Reserve Bank Of India recently sold sovereign securities worth rupees 1,435 crores in the secondary market, clearing the sign of liquidity mobilisation.  Indian benchmark yields hit their highest level in the past two years, due to the sale of bonds in the recent auctions. Resulting in a rise of the 10-year-old bond yield of…

  • 1
  • 2