reserve bank of india

The RBI on Monday said it has imposed penalties on eight cooperative banks, including a fine of Rs 40 lakh on the Mehsana Urban Co-operative Bank, Gujarat, for non-compliance with various norms. Penalty has been imposed on Mehsana Urban…

Finance Minister Nirmala Sitharaman on Monday said the Reserve Bank of India (RBI) has taken steps to promote rupee as the preferred currency for global trade in order to promote exports. Last month, RBI asked banks to put in place…

Demand for home loans from India’s tier 3 and tier 4 districts have been growing at a faster pace than the top two tier districts, including Mumbai and Delhi (NCR), while the country’s home loan market is likely to double in five years,…

The Reserve Bank of India’s move to hike the repo rate by another 50 basis points will cool stubbornly high inflation and support the rupee, top industry executives said. The move may, however, hit consumption, and thus growth, with…

India's central bank may raise key policy rate by up to another 60 basis points by the end of this calendar year, before pausing, but the pace of rate hikes is likely to slow down, analysts said. "We are retaining our view of a terminal…

Real estate developers have started to undertake mitigating measures to soften the impact of the rising interest rate regime on prospective homebuyers’ affordability levels and to support the continuation of robust sales momentum. Record…

The National Asset Reconstruction Co Ltd (NARCL) has evinced interest in the loan accounts of Srei group companies, which are undergoing corporate insolvency resolution process, a top official of a state-owned bank said. The development…

NEW DELHI: The RBIstuck to the growth and inflation forecasts for the year but sounded a strong note of caution on the overall price situation, citing multiple factors including the evolving geopolitical developments, commodity prices…

MUMBAI: In a move that will increase the cost of borrowings for businesses and individuals, including home and auto loans, the Reserve Bank of India has hiked its repo rate by 50 basis points from 4.9% to 5.4%. It's the third hike in…

MUMBAI: The "unacceptably high" inflation trending around 7 per cent mark led the Reserve Bank of India to hike rates by an aggressive 0.50 per cent on Friday, according to governor Shaktikanta Das. Stating that there are signs that…