Page 497 - Finance News

Personal loan growth boosted credit outflow in April: HDFC Securities

Growth in agricultural credit continued to accelerate

PNB posts Rs 586 crore profit in Q4; NII jumps over 48% to Rs 6,937 crore

Sequentially, the net profit has increased 16 per cent from Rs 506 core posted in the October-December quarter

Monetary policy: Inflation trend not persistent at this time, says RBI

On petrol and diesel prices, coordinated action by the states and the Centre is needed, says Governor Das

Monetary policy: RBI keeps rates unchanged, cuts growth forecast

Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2

Monetary policy: RBI to buy Rs 1.2 trillion in G-SAP for Sept quarter

The move impacted the sentiment a little bit and the 10-year bond yields rose 3 basis points from their previous close of 5.99 per cent

Covid-hit contact-intensive businesses see life support in RBI's measures

However, the businesses also believe that more is required to revive the pandemic-hit sectors

Major concerns about crypto currencies conveyed to govt: RBI governor

This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers

State Bank of India's domestic advances growth rebounds to 5.67% in FY21

SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021

BoI posts Q4 profit of Rs 250 cr versus Rs 3,571 cr loss a year ago

Full year (FY21) profit at Rs 2,160 crore, as against loss of Rs 2,957 crore in FY20

India considers Singapore's VCC model to get funds for GIFT City IFSC

Island nation has established more than 200 VCCs established since January 2020 using the model.

Forex reserves surge $5.27 bn to lifetime high of $598.16 bn: RBI data

In the previous week ended May 21, 2021, the reserves had increased by $2.865 billion to $592.894 billion

Tax dept issues refunds worth Rs 26,276 cr in 2 months of FY22

The income tax department on Thursday said it has issued Rs 26,276 crore refunds to more than 15.47 lakh taxpayers in two months of the current fiscal.

Banks, NBFCs need to augment their capital, says RBI Governor Das

The RBI on Friday left the repo rate unchanged at 4 per cent

RBI policy: From August 1, your salary can get credited on weekends too

NACH to be available on all days of week from August 1, says RBI

RBI policy: No explicit time frame for continuation of accommodative stance

The monetary policy stance is expected to remain accommodative for most of 2021, until a dramatic improvement in vaccine coverage quells uncertainty regarding the growth outlook

RBI MPC highlights: 2nd wave has moderated; expect demand to pick up

RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates

RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism

Relief meant for 'contact-intensive sectors' that have been pulled down due to coronavirus

RBI cuts FY22 GDP forecast to 9.5%, holds rates; stance stays accommodative

RBI governor Shaktikanta Das says repo rate remains unchanged at 4 per cent, reverse repo rate at 3.35 per cent; MSF and bank rate kept unchanged at 4.25%

Rate sensitive shares mixed after RBI maintains status quo on repo rate

Bank stocks such as HDFC Bank, State Bank of India (SBI), RBL Bank, Bandhan Bank and Punjab National Bank slipped nearly 1 per cent each

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future