As the country's oldest stock exchange, the BSE, completes 150 years, Business Standard looks at lesser-known events from the pages of India's stock-market history
RBI itself allows initial period of 9 months to realise export proceeds
The decision came on Saturday (April 12) after the Reserve Bank of India cut the policy repo rate by another 25 bps to 6 per cent
Singapore top FDI destination in Jan-Mar 2025
Some analysts noted that gold loan financiers may consider increasing interest rates on such loans
Foreign currency assets increased due to inflows and revaluation as the dollar weakened over the week, said market participants
Growth in Asia's third-largest economy, which is under threat from slowing urban consumption and tepid private investment, could worsen because of the escalating US-China trade war
In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.
NBFCs pulled up for lax underwriting, steep charges
The RBI announces bank holidays through its official channels, such as its website and bank notifications. The bank holidays are classified under three categories
RBI is working to ensure frequency of such occurrence is less, he said
Rupee free to move if global forces weigh, says RBI governor
Loans linked to policy repo rate to fall
Fund managers foresee two more rate cuts of 25 bps each in the coming policies
The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.
This move is expected to enhance credit flow to underserved segments, such as micro, small, and medium enterprises (MSMEs), while also ensuring stronger customer protection, experts said
Reserve Bank Governor Sanjay Malhotra on Wednesday said that the cases of failure of cooperative banks in the last 7-8 years are very small compared to the overall size
Malhotra also said that at the system level, co-operative banks, NBFCs, and banks are all safe, secure, and robust
In December 2024, RBI launched MuleHunter.ai, developed by the Reserve Bank Innovation Hub, to help banks reduce digital fraud
REs will issue an NFB facility only on behalf of a customer having a business relationship with them