RBI cuts repo rate to 6-year low in Urjit Patel’s first monetary policy, EMIs to fall
The Reserve Bank of India in its monetary policy review today cut its key lending rate or repo rate by 25 basis points to nearly six-year low of 6.25 per cent, from 6.5 per cent. Banks are likely to pass...
RTI stunner: Banking industry loses Rs 4.64 lakh crore in bad loans in India
Representational pic Nagpur: This RTI reply will leave you stunned. And the stunner is banking industry of the country. A staggering Rs 4,63,941 crore of public money has been lost by public sector banks and private sector banks in India....
Taxpayers lost 53.45 crore due to FICN; while commercial banks earned 13.35 crore – VTA
Nagpur: The counterfeit currency threat is growing unabated in India. Unfortunately its printing & quality is so superior now that it has become almost impossible to make the distinction as counterfeiters are now employing sophisticated methods and materials which have...
Highlights from Dr Rajan’s speech Says 50-Basis-Point Cut Not a Diwali Present
Nagpur: Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a four-year low of 6.75 per cent. Most analysts polled by Reuters expected the central bank to slash rates by 25 basis...
Happy tide! ATM to deliver Rs 50 currency
Mumbai/ Nagpur: In a happy tide for commons, now the ATM will deliver Rs 50 notes. It is a big relief to those who want to draw the money of less denominations as per need from...
High-tech currency notes of 500, 1000 to be in circulation soon
Even blind will be to sense them Delhi/ Nagpur: The rising incidents of fake currency in the country have compelled the Reserve Bank of India (RBI) to launch a high-tech currency of Rs 500 and Rs 1000 denominations. The RBI has...
RBI to withdraw currency issued before 2005, Nagpur welcomes move to curb black money
The Reserve Bank of India in a cracking measure, decides to withdraw currency notes of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1000 issued before 2005. Nagpur News. ...
