Tag Archives: Reserve Bank of India

RBI Cuts Repo Rate by 0.5%: What This Means For You

  The Reserve Bank of India has cut the repo rate (the rate at which it lends to other banks) by 50 basis points, or 0.5%. In a move that caught many sections of investors by surprise, the Fourth Bimonthly Monetary Policy Review of the RBI reduced the repo rate to 6.75%, down from 7.25% earlier.… Read More »

RBI’s has introduced a new policy for the benefits of NRI

According to the press report, Reserve Bank of India has said that the non-resident Indians those who are stated in the foreign countries, can maintain the account in the India as a non resident accounts which can be maintained in any type of currency which is fully convertible. RBIs action toward this policy is mainly… Read More »

RBI is determined to do a policy review

According to a recent press report the Reserve Bank of India is determined to do policy review in between pause and rise in the Repo rate. Reports said that the RBI has a plan to increase the rates, but the Industry lobbies are against the tightening. The RBI refusal feels that the bank is anxiety… Read More »

Rates Hike is likely To Curb the Inflation

A recent press report said that the Reserve Bank of India’s hike in the interest rates will depend upon the inflation persistence. Dr. Subir Gokran the Deputy Governor Reserve Bank of India told the press that the if central Bank raises the interest rate and it is not the end in itself, if the problem… Read More »

RBI Green Initiative to Avoid Use of Cheques

According to a recent press report the Reserve Bank of India, as part of its green initiative has asked all the non-banking financial companies (NBFCs) to shift to electronic payment system. Reports said that the government has also adopted this green initiative and has asked all the financial sectors including NBFCs to follow this method… Read More »

Sardar Vallabhbhai Sahakari Bank Limited – Government Security Loan

Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank that got the License No. DBOD-UBD-GJ-351P from Reserve Bank of India’s on 21/11/1983. The Bank then spread its network with 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The Bank is providing Safe Deposit Vault (Locker) facility at its Law Garden and Isanpur… Read More »

SBI MD has said that the bank is losing ability to pass on rate hikes to borrowers

According to Mr. Hemant Contractor Managing Director State bank of India will have to weigh the slowdown in credit growth and asset quality pressures before passing on the interest rate hikes by the Reserve Bank of India on the borrowers. Reports said that State Bank of India has launched Vishwa Yatra Foreign Travel Card in… Read More »

RBI’S monetary policy has been approved by IMF

A recent press report said that International Monetary Fund (IMF) has reported that the Reserve Bank of India’s policy to increase the interest rate is to control inflation is a correct action. The IMF had stated this in its report produced during the Credit Policy Review Meeting. Reports said that in developing countries such as… Read More »

ICICI Bank has recorded an increase in its profit

A recent press report said that improved asset quality and loan growth has boosted the net profit of ICICI Bank. The bank has recorded a net profit of 21.6 percent in the second quarter and has broken the market forecast. As per the resulted of the second quarter the bank The has seen an increase… Read More »