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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...

Bandhan Bank reports 68% growth in Q4 net profit

Bandhan Bank, one of the private lenders in India, has reported a strong fourth quarter with a 68% increase in its net profit. For...

RBI proposes new guidelines for current accounts of corporate borrowers

The Reserve Bank of India (RBI) has come up with some strict guidelines when it comes to opening and operating current accounts by corporate...

RBI remains net buyer of US Dollar for third consecutive month

As per the data released by the Reserve Bank of India, it has remained the net US Dollar buyer for the third consecutive month...

RBI to repeat dollar-rupee swap deal to infuse liquidity

The Reserve Bank of India (RBI) announced, on Monday, that it will conduct a $5 billion dollar-rupee sale auction once again on April 23 between 9.30...

Rupee-dollar swap auction: RBI receives bids amounting to $16.3 billion

The Reserve Bank of India (RBI) was successful in introducing a sound liquidity tool to improve the liquidity situation in India through the rupee-dollar...

IDBI Bank categorised as a private sector bank by RBI

IDBI Bank has been categorised as a private sector lender by the Reserve Bank of India after LIC acquired a controlling stake in the bank. In January 2019,...

In a first, RBI to conduct US dollar swap auction to...

On Wednesday, the Reserve Bank of India (RBI) announced that it will conduct a US dollar swap auction on March 26 where banks will...

SBI: Small loan and deposit rates will continue to be linked...

The Chairman of State Bank of India (SBI), Rajnish Kumar, confirmed on Saturday that small loans and deposits i.e. those that are valued below Rs.1 lakh...

Union Bank of India reduces MCLR by 10 basis points

The Union Bank of India, one of the renowned public sector banks in India, has announced a reduction in its marginal cost of funds-based...