SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021
Lacklustre global cues and a weak rupee also soured risk appetite, traders said
This time, RBI's rate-setting body is not only talking about sustaining growth but also reviving it
RBI keeps interest rates unchanged, announces measures to support economy
The facility will be open till March 31, 2022, said an RBI statement.
The higher surplus transfer by the central bank came in as a big relief for the government
The RBI on Friday left the repo rate unchanged at 4 per cent
The industry hailed the RBI's decision to keep policy rates unchanged
This comes on the back of robust capital flows
NACH to be available on all days of week from August 1, says RBI
Start with small investments, but exclude from portfolios aimed at key financial goals
This communication from the bank comes after the RBI on Monday clarified that banks can no longer cite its circular on cryptocurrencies for not offering such products to customers
The RBI had kept key interest rates unchanged at the last MPC meeting held in April.
RBI's monetary policy committee will likely keep the repo rate unchanged at 4% for a sixth straight meeting
He said that no one can predict when things will get better as it is not known whether there will be a third and fourth wave of coronavirus
Over the last couple of months, there have been major unfavourable developments with regards to both growth and inflation.
India's move toward higher bond yields and interest rates will be another milestone in the recovery of global financial markets from the ravages of the coronavirus.
The Congress on Monday alleged that banking frauds have risen under the Modi government and accused it of allowing the fraudsters to either continue functioning in the country or leave.
Shares of HDFC Bank traded flat during early hours on Monday after the Reserve Bank of India (RBI) imposed a penalty of Rs 10 crore for deficiency in its regulatory compliance
RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement