27 July 2024
[ad_1] The Reserve Bank of India (RBI) imposed major restrictions on the Sarvodaya Co-operative Bank, in light of the bank’s worsening financial health. The banking regulator issued a withdrawal limit of Rs 15,000 on the bank’s customers regarding their accounts. These curbs will be effective starting April 16, 2024. The limit will severely affect customers
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[ad_1] Union finance ministry may propose stricter measures to protect citizens from cyber fraud, it was reported. This comes after an increase in incidents of frauds, including the Bank of Baroda World app scam, the Times of India reported citing sources who “mentioned a recent inter-ministerial meeting focused on bolstering cybersecurity and tackling financial fraud”,
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[ad_1] Hitting a 10-month low this month, India’s retail inflation slipped down to 4.85 percent in March 2024, as opposed to 5.09 percent in the previous month. An earlier Reuters poll estimated the retail inflation to come down to 4.91 percent, but the rates dropped below the prediction. India’s retail inflation at a 10-month low.
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[ad_1] ADB GDP Forecast The Asian Development Bank (ADB) has revised India’s GDP growth forecast for the current fiscal year upward to 7 per cent from the previous estimate of 6.7 per cent, citing strong investment demand from both public and private sectors, as well as gradual improvement in consumer demand. In its latest report
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[ad_1] Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The stock markets last week exhibited major volatility amidst mixed global cues, however, ended the last trading session on a marginally
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[ad_1] Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The stock markets closed on a flat note on Friday following the announcement from the Reserve Bank of India (RBI) to
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[ad_1] The Reserve Bank of India (RBI) on Friday maintained the benchmark interest rates at 6.5 per cent, marking the seventh consecutive time the rates have remained unchanged. This decision comes as the RBI expresses worries regarding food inflation, particularly in light of the IMD’s forecast of above-normal maximum temperatures from April to June. The
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[ad_1] The Reserve Bank of India (RBI) is set to broaden the horizons of the e-rupee, its digital currency initiative, by incorporating non-bank payment system operators into the fold. RBI Governor Shaktikanta Das underscored the central bank’s commitment to enhancing the utility and reach of the Central Bank Digital Currency (CBDC), aiming to foster its
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[ad_1] Reserve Bank of India (RBI) Governor Shaktikanta Das announced the forthcoming launch of a mobile application specifically designed for the Retail Direct Scheme. This initiative, aimed to strengthen the ease with which individual investors can engage with government securities, promises a seamless transaction experience. Launched back in November 2021, the Retail Direct Scheme is
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[ad_1] RBI MPC Meeting: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Shaktikanta Das, on Friday announced its decision to keep the repo rate unchanged at 6.5 per cent by a 5:1 majority This is the seventh time in a row that the RBI kept the repo rate
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