Tag: Bank of India
RBI Slashes Lending Rate By 35 Bps To 5.40%
The Reserve Bank of India on Wednesday broke with convention by reducing its key lending rates by 35 basis points which is expected to make home and auto loans cheaper and rev-up the economy by unleashing consumption.....
RBI Cuts GDP Forecast To 5% In FY20; Sees Early Revival Signs
With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent.....
Sitharaman, Goyal Hail RBI's Measures To Boost Liquidity
Finance Minister Nirmala Sitharaman and Commerce Ministry Piyush Goyal applauded the Reserve Bank of India's (RBI) fresh slew of measures to ease liquidity and regulatory norms.....
UP: Fake Currency Found In RBI Chest, FIR Lodged
An FIR has been lodged at the Mahanagar police station here after the recovery of fake currency notes in the currency chest of the Reserve Bank of India.....
RBI Raises Retail Inflation Estimate For FY22 To 5.7%
The Reserve Bank of India (RBI) has raised the retail inflation projection for the ongoing financial year to 5.7 per cent from the previous estimate of 5.1 per cent. ....
Submit Records Connected With 2016 Demonetisation Decision: SC To Centre
The Supreme Court on Wednesday directed the Centre and the Reserve Bank of India (RBI) to submit relevant records in connection with the government's 2016 demonetisation decision for its perusal. ....
Money Deposited Will Not Change Colour Automatically: Jaitley
Describing the currency deposited with banks following demonetisation as money that has lost its earlier "anonymity", Union Finance Minister Arun Jaitley on Sunday said such deposits do not automatically become legitimate, and can now be identified with the owner for taxation purposes.....
Achhe Din Will Come When Congress Comes To Power: Rahul
Targeting Prime Minister Narendra Modi over the issue of demonetisation, Congress Vice President Rahul Gandhi on Wednesday said that the 'achhe din' promised by the BJP will come only in 2019 "when Congress comes to power".....
World Bank Cuts Indian GDP Growth For Fiscal To 7%
In its first projection on India post-demonetisation, the World Bank has lowered the country's GDP growth estimate for this fiscal to 7 per cent, from its earlier estimate of 7.6 per cent made in June last year.....
BJP Believes In Ideology Of Fear: Rahul Gandhi
Congress Vice President Rahul Gandhi on Wednesday attacked the BJP, accusing it of spreading "fear" wherever it is in power in the country.....
