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RBI slashes repo rate for the third consecutive time

The six-member RBI Monetary Policy Committee (MPC) decided to slash the current repo rate of 6 per cent to 5.75 per cent effective immediately. The committee which...

United Bank of India’s second-quarter loss jumps to Rs.883.2 crore

United Bank of India saw its loss jump to Rs.883.2 crore for the second quarter for the fiscal year 2019. The loss was attributed...

Yes Bank registers second quarter profit of Rs.964.70 crore

Yes Bank saw its profit drop 3.8% year-on-year (y-o-y) to Rs.964.70 crore during the second quarter which ended on September 30. This was due...

HDFC Bank Q2 net profit rises 20.6% to Rs.5,006 crore

HDFC Bank, India’s second-largest bank reported a healthy year-on-year (y-o-y) growth of 20.6% in Q2 profits for FY 2019 due to higher net interest...

RBI approves appointment of Sandeep Bakshi as the new MD and...

The Reserve Bank of India has given ICICI Bank the approval to appoint Sandeep Bakshi as its new Chief Executive Officer (CEO) and Managing...

Bank of Baroda, SBI revise MCLR rates

Bank of Baroda (BoB) and State Bank of India (SBI) announced the hikes in the marginal cost of funds based lending rates (MCLR) for...

RBI employees not to go on two-day mass leave

RBI employees, who were to go on a two-day mass leave today and tomorrow have deferred their mass-leave plan, according to a report by...

SBI launches MOPAD for easy payments

State Bank of India’s latest digital initiative is to create a payment platform where multiple transactions types can be clubbed into one. The new...

PM to launch India Post Payments Bank on August 21

Prime Minister Modi will launch the ambitious India Post Payments Bank (IPPB) as well as the IPPB mobile application on August 21. The initiative...

RBI hikes repo rate again, second time in a row

Post the August meeting held by the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI), the repo rate was increased by 25...