State Bank of India Hikes Key Reference Lending Rate By 10 Basis Points
State Bank of India (SBI), the country’s largest lender, raised the marginal cost of its funds-based lending rate (MCLR) by ten basis points from April...
Tag : Reserve Bank of India (RBI)
India’s Retail Inflation Rises To 6.95% In March
India’s annual retail inflation surged to a 17-month high in March, while factory output contracted month-on-month in February, complicating the central bank’s policy choices. Data...
RBI Revises Inflation & Growth Forecasts
Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) voted to keep the policy repo rate unchanged at 4 per cent and decided to...
India’s Forex Reserves Slump by Another $2.59 Bn
India’s foreign exchange (forex) reserves dipped by $2.59 billion on March 18, recording a sharp drop for the second consecutive week as the Reserve Bank...
Paytm Hits New Low, Tanks 74% From Issue Price
On Tuesday, Paytm traded down 0.5 per cent at Rs 562.65, as against a 0.2 per cent decline on the benchmark index. A combined 4.2...
HDFC Bank Gains 3% as RBI Lifts Restrictions on New Digital Initiatives
HDFC Bank Ltd’s shares have risen 3 per cent to Rs 1,436.70 on the BSE in Monday’s intra-day trade as the Reserve Bank of India...
Paytm Tanks 13%, Hits New Low
Shares of One97 Communications, the parent company of digital payments significant Paytm, tanked as much as 13 per cent to hit a new low of...
SBI Plans Separate Digital Bank, to Revamp App to ‘Only Yono’
State Bank of India (SBI) is planning a separate digital entity. It will revamp its current mobile application, rechristening it ‘Only Yono’, as part of...
RBI Governor Shaktikanta Das Launches UPI for Feature Phones
Reserve Bank of India (RBI) Governor Shaktikanta Das launched UPI for feature phones called UPI123Pay. He also introduced a 24×7 helpline for digital payments, i.e....
RBI Relaxes New Prudential Norms For All Lenders
The Reserve Bank of India (RBI) relaxed the new prudential norms for all lenders, including shadow banks, by extending the time till September 2022 to...