Page 401 - Finance News

PSBs to focus on 3-yr roadmap to support SMEs, farming under EASE reforms

The roadmap will be based on broad themes of business growth, profitability, risk, customer service, operations, and capability building

Public sector bank unions plan strike on June 27 over pension, govt policy

Employees of public sector banks on Wednesday threatened to go on strike on June 27 to press for issues related to pension and the demand for five-days-a-week work.

Bankers hail RBI's monetary policy focus on taming inflation rate

Bankers hailed the Reserve Bank's monetary policy focus on taming inflation and said the move reflects RBI's continued effort towards non-disruptive trade-off between price stability and growth

EMIs to soar: Here's how much repo rate hike will pinch home loan borrowers

RBI's repo rate hike spells bad news for those who were looking to buy a home and also for those who are paying their EMIs

Builders expect slowdown in housing demand in short-term on RBI's rate hike

The RBI on Wednesday hiked the key benchmark rate by 50 basis points

EMIs to rise as RBI hikes repo rate by 50 bps, signals more increase

The increase in lending rate or the repurchase rate (repo) by 50 bps -- the biggest in more than a decade -- to 4.90 per cent comes on the back of a 40 bps hike last month

RBI allows credit cards to be linked with UPI platform; to start with RuPay

At the RBI policy announcement, Governor Das said that the new arrangement is expected to provide more avenues and convenience to the customers in making payments through the UPI platform

RBI bats for cut in state taxes on petrol, diesel to ease inflation

Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das

RBI monetary policy review: Direction for repo rate is clearly northwards

The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming

RBI strikes good balance between inflation and growth: Experts on rate hike

All the measures, including banking tweaks, to promote affordable housing seem to be unorthodox and practical, with the RBI playing its central bank role almost perfectly, says Finology Ventures CEO

Analysts see RBI taking policy rates well above pre-pandemic levels by Mar

Citing the aggressive wording to tame inflation, analysts expect the Reserve Bank to deliver more rate hikes during the current fiscal and take key policy rates to well above the pre-pandemic levels

Further cut in state VAT on fuels can soften inflationary pressure: RBI Guv

Das said in his remarks while spelling out the outcome of the ongoing monetary policy review meeting that started on Monday.

RBI policy: From rate hike to inflation worries, here are 5 key takeaways

The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.

RBI monetary policy review: Further repo rate hikes clearly on the cards

The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead

Housing sales may dip on likely rise in home loan interest rate: Experts

The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants.

RBI likely to raise interest rate by 25 bps-50 bps today: Experts

RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it

Alok Kumar Choudhary appointed State Bank of India MD for 2 years

Choudhary would hold the position of MD till his superannuation on June 30, 2024

PNB board approves investing Rs 500 cr in PNB Housing's rights issue

PNB Housing Finance is looking to raise Rs 2,000 crore by issuing NCDs on a private placement basis

HDFC bank hikes MCLR by 35 bps across all tenures effective June 7

HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May

Bank credit grows by 11.04% to Rs 120 trn; deposits by 9.27%: RBI data

In the previous fortnight ended May 6, bank credit grew by 10.82 per cent and deposits at 9.71 per cent