MUMBAI: RBI‘s monetary policy committee is expected to maintain a status quo on rates for the eighth consecutive time. The panel is scheduled to meet between June 5 and June 7.A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.According to…
Representative Image The demand for gold is expected to primarily revolve around the festive period, which kicks off in August-September, said Kavita Chacko, research head of India of the World Gold Council (WGC). Jewellery demand will likely remain subdued following the recent festive period, with purchases largely confined to weddings Meanwhile, bar and coin demand…
SBI jobs: In the upcoming fiscal year 2025, State Bank of India (SBI) is aiming to bring on board around 12,000 fresh faces. According to SBI chairman Dinesh Khara, 85% of the 12,000 new recruits expected to join the bank in FY25 are engineering graduates. As per an PTI report, Khara has said that the…
Mumbai: Payments for minors and senior citizen-friendly features were some of the proposals discussed during a meeting convened by RBI with UPI players.RBI governor Shaktikanta Das on Wednesday convened a meeting of banks, leading third-party UPI apps, and NPCI. Banks said they have beefed up their systems to manage transactions, which have more than tripled…
The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda‘s Bob World app with immediate effect, the bank said in the exchange filing.The bank said, “We wish to inform that the RBI conveyed to the Bank its decision to lift the restrictions on Bob World with immediate effect, as such…
Paytm share price today: The market capitalisation of One 97 Communications, which is the parent company of the fintech platform Paytm, approached $2.5 billion on Tuesday as its shares kept declining.The stock of the Noida-headquartered company was trading 4.99% lower at Rs 334.15 on the Bombay Stock Exchange at the market close. The share price…
The RBI has suggested more stringent rules for project funding, which will increase the cost for lenders when offering loans for infrastructure and industrial projects such as roads, ports, and power plants. The new regulations mandate that lenders reserve 5% of the funds they have provided as a precaution for both current and future loans….
Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29, 2024.RBI’s latest notification comes as a relief for loan borrowers,…
New Delhi: India‘s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India’s gold demand…
NEW DELHI: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time capital expenses incurred when they migrated to core banking, IT is now becoming a recurring cost accounting for up to 10% of operating expenses.Bankers have responded to queries about their level of…
