RBI keeps repo rate unchanged at 6.5%

RBI keeps repo rate unchanged at 6.5%

RBI Monetary Policy Committee decides to keep repo rate unchanged at 6.5 pc, says RBI Governor Shaktikanta Das. Unchanged repo rates indicate the loan interest rates too are likely to remain unchanged. RBI projects Q2 retail inflation at 6.2 pc; Q3...

by Nagpur Today | Published 8 months ago
RBI may continue to hold rate amid concern over inflation: Experts
By Nagpur Today On Sunday, August 6th, 2023

RBI may continue to hold rate amid concern over inflation: Experts

The Reserve Bank is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist,...

‘No reason to rush to banks’: RBI’s assurance on Rs 2,000 note
By Nagpur Today On Monday, May 22nd, 2023

‘No reason to rush to banks’: RBI’s assurance on Rs 2,000 note

New Delhi: No one should rush to return or exchange their Rs 2,000 notes, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday, a day before people start approaching banks to give up the high value notes. He...

RBI to launch 1st pilot of digital rupee: 10 things to know
By Nagpur Today On Monday, October 31st, 2022

RBI to launch 1st pilot of digital rupee: 10 things to know

India's first digital rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. "...the first pilot in the digital rupee -- wholesale segment shall...

Lakhs of depositors in a fix as RBI cancels licence of Pune’s Rupee Coop Bank
By Nagpur Today On Friday, September 2nd, 2022

Lakhs of depositors in a fix as RBI cancels licence of Pune’s Rupee Coop Bank

Nagpur/Pune: The Reserve Bank of India (RBI) cancelled the licence of Pune’s Rupee Cooperative Bank, drawing a curtain over the bank that has faced restrictions since 2013. One of the major urban cooperative banks in Maharashtra, Rupee Cooperative Bank has presence...

RBI hikes key rate by 0.50% to 5.40%, highest since 2019
By Nagpur Today On Friday, August 5th, 2022

RBI hikes key rate by 0.50% to 5.40%, highest since 2019

Nagpur/Mumbai: The Reserve Bank of India (RBI) hiked its key lending rate by 50 basis points to pre-pandemic levels of 5.40 per cent on Friday, a third increase in a row to tame surging inflation which has remained above...

Money matters: RBI launches awareness drive as unclaimed deposits rising
By Nagpur Today On Wednesday, July 27th, 2022

Money matters: RBI launches awareness drive as unclaimed deposits rising

Maharashtra is among eight states that have the maximum amount of such money lying in banks Nagpur: With unclaimed deposits in banks rising steeply, the Reserve Bank of India (RBI) has launched a national campaign with a focus on the...

Banks to remain closed for 10 days in August in Nagpur
By Nagpur Today On Friday, July 22nd, 2022

Banks to remain closed for 10 days in August in Nagpur

Overall, banks would remain closed for up to 18 days in August 2022 in varying parts of India Nagpur: According to the Reserve Bank of India (RBI) holiday calendar list, banks would remain closed for up to 18 days in August...

Rs 60,000 cr worth bank scams came to light in 1 year, says RBI in RTI reply
By Nagpur Today On Monday, May 30th, 2022

Rs 60,000 cr worth bank scams came to light in 1 year, says RBI in RTI reply

More than 77,000 scam have come to the fore in various banks and financial institutions during the period from April 1, 2021 to March 31, 2022 Nagpur: A reply to the RTI query has revealed that more than 77,000 scam have...

By Nagpur Today On Wednesday, August 1st, 2018

RBI ने ब्याज दरों में की 0.25% की बढ़ोतरी

भारतीय रिजर्व बैंक ने ब्याज दरों में 25 बेसिस प्वाइंट की बढ़ोतरी कर दी है. इस बढ़ोतरी के साथ रेपो रेट 6.50 फीसदी पर पहुंच गया है. विशेषज्ञों ने भी यह अनुमान जताया था कि इस बार आरबीआई...

By Nagpur Today On Thursday, July 12th, 2018

मनी लॉन्ड्रिंग पर शिकंजा कसने के लिए RBI ने उठाया एक और कदम

नई दिल्‍ली: देश में मनी लॉन्ड्रिंग पर लगाम कसने के क्रम में गुरुवार को भारतीय रिजर्व बैंक (RBI) ने एक नया और सख्‍त कदम उठाया है। RBI ने आम बैंक से लेकर पेमेंट्स बैंक तक को यह...

By Nagpur Today On Thursday, June 7th, 2018

राज्यों में किसान कर्ज माफी का बैंकों के एनपीए पर असर नहीं: पटेल

मुंबई : रिजर्व बैंक गवर्नर उर्जित पटेल ने आज कहा कि विभिन्न राज्यों में किसानों के कर्ज माफ करने का बैंकों की गैर - निष्पादित राशि (एनपीए) पर कोई प्रभाव नहीं पड़ा है। पिछले कुछ महीनों के दौरान कई राज्यों...

By Nagpur Today On Wednesday, June 6th, 2018

RBI to announce second bi-monthly Monetary Policy of 2018-19 today

Mumbai : The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 on Wednesday. The meeting of the monetary policy committee (MPC), headed by RBI Governor Urjit Patel, began here on Monday. The committee will meet...

By Nagpur Today On Monday, May 7th, 2018

दोन हजारच्या नोटेची छपाई बंद

Representational pic नवी दिल्ली: रिझर्व्ह बॅंक ऑफ इंडियाने २००० रुपयांच्या नोटेची छपाई थांबविली असल्याची माहिती आर्थिक व्यवहार खात्याचे सचिव सुभाषचंद्र गर्ग यांनी दिली. देशात सामान्यपणे व्यवहारामध्ये ५००, २०० आणि १०० रुपयांच्या नोटांनी व्यवहार करणे सोपे जाणार आहे . गेल्या आठवड्यात देशातील चलन...

By Nagpur Today On Thursday, April 5th, 2018

RBI keeps repo rate unchanged at 6%

New Delhi: The Reserve Bank today kept the key policy rate unchanged at 6 per cent for the fourth consecutive time since August last year in view of uncertainties around inflation. The Monetary Policy Committee, headed by RBI Governor Urjit...

By Nagpur Today On Wednesday, March 28th, 2018

RBI to issue Rs 350 coin to mark 350th birth anniversary of Guru Gobind Singh

Nagpur: The Reserve Bank of India (RBI) will be issuing a coin of denomination Rs 350 to mark the 350th birth anniversary of tenth Sikh Guru, Guru Gobind Singh. According to a Finance Ministry communication, the coin will be 44...

By Nagpur Today On Wednesday, March 28th, 2018

जल्द ही आएगा 350 रुपये का सिक्का

नई दिल्ली : भारतीय रिजर्व बैंक श्री गुरु गोविंद सिंह जी की 350 वीं जयंती पर 350 रुपये का सिक्का लाने की तैयारी में लगी हैं। वित्तमंत्रालय की अधिसूचना में बताया हैं कि, इस सिक्के का वजन 35 ग्राम होगा।...

By Nagpur Today On Monday, March 12th, 2018

RBI tightens noose around Bombay Mercantile Bank over ‘loan loot’

Mumbai: Acting on the media reports on the large scale corruption indulged in by Chairman of Bombay Mercantile Co-operative Bank Zeeshan Mehdi and other responsible officials of the bank, the Reserve Bank of India (RBI) has tightened the noose around...

By Nagpur Today On Tuesday, February 27th, 2018

RBI told DCCBs to show scrapped notes as loss, claims Sharad Pawar

New Delhi: NCP chief Sharad Pawar on Tuesday said the Reserve Bank refused to accept old currency notes having face value of Rs 112 crore deposited with some District Central Cooperative Banks (DCCBs) in Maharashtra post demonetisation and instead asked...

By Nagpur Today On Wednesday, December 20th, 2017

RBI puts Bank of India under watch for high bad loans; shares tumble

New Delhi: The Reserve Bank of India has put Bank of India under watch for high bad loans by initiating prompt corrective action against it, a move that will place various restrictions on the lender, including on fresh loans and...

By Nagpur Today On Wednesday, December 6th, 2017

RBI retains economic growth projection at 6.7% for FY’18

New Delhi: The The Reserve Bank today retained economic growth projection for 2017-18 at 6.7 per cent saying that the risks are evenly balanced. In its Fifth Bi-monthly Monetary Policy Statement, 2017- 18, RBI said that the second quarter growth...