Is the cash reserve ratio (CRR) a deadweight on banks? Of every Rs 100 raised by banks in deposits, Rs 4.50 is locked up and it earns nothing by way of interest. The CRR framework is in the spotlight because one, a good number of folks now opt to par

Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.

RBI Policy Impact: Financials gain, PSU Bank index rises 2% on CRR cut

Business Standard

Dalal Street, Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Markets Live: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading with slight gains on Friday as the RBI MPC decided to hold rates at 6.5 per cent

Stock Market LIVE: Sensex climbs 150 pts to 81,900 as RBI keeps rates unchanged; Nifty at 24,750


The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to keep the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintain the monetary policy stance Neutral. The central bank, however, slashed the Cash Reserve Ratio (CRR) by 50 basis points (bps) to 4%. CRR cut of 50 bps to lead to infusion of Rs 1.16 lakh crore into the system, says RBI Governor Shaktikanta Das.


Nifty trades above 24,700; RBI keeps repo rate unchanged at 6.5%

Capital Market Automatic

market

Ganesh Infraworld shares listed at Rs 157.70 apiece, a 90 per cent premium over the IPO allotment price of Rs 83

Bumper debut: Ganesh Infraworld IPO lists at 90% premium, hits upper limit

Drone

Zen Technologies Share Price: Thus far in the calendar year 2024, the stock price of Zen has zoomed 156 per cent, as compared to 13 per cent rise in the BSE Sensex.

Zen Technologies rallies 8%, hits new high on pact with AVT Simulation

FSN E-Commerce Ventures (Nykaa) declined 1.40% to Rs 165.15 after its chief executive officer (CEO) and senior management personnel, Nihir Parikh, tendered his resignation due to personal commitments.

Nykaa slides as CEO Nihir Parikh resigns


The Reserve Bank of Indias (RBI) announced its fifth bi-monthly monetary policy of FY25, today, December 6. The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das decided to keep the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintain the monetary policy stance Neutral. The central bank, however, slashed the Cash Reserve Ratio (CRR) by 50 basis points (bps) to 4%. CRR cut of 50 bps to lead to infusion of ₹1.16 lakh crore into the system, says RBI Governor Shaktikanta Das.


RBI keeps repo rate unchanged at 6.5%, cuts CRR by 50 bps to 4%

Angel One announced the key business parameters for the month of November 2024: 

Angel One business performance update for Nov'24

Shares of Suraksha Diagnostics were currently trading at Rs 433.65 at 10:15 IST on the BSE, representing a discount of 1.67% as compared with the issue price of Rs 441.

Suraksha Diagnostics slips on debut

Energy  stocks were trading in the positive zone, with the BSE Energy index rising 40.47 points or 0.35% at 11641.47 at 09:30 IST.

Energy  shares gain

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Swasti Vinayaka Synthetics Ltd News