About Rs 8,470 crore worth of the withdrawn Rs 2,000 notes are still with public; Rs 2,000 banknotes continue to be legal tender.
The statistics ministry now expects full-fiscal GDP growth to be at 7.6%, higher than its earlier estimate of 7.3%.
While credit growth to industry has decelerated, it has moderated in the case of personal loans, RBI data showed.
Canara Bank would need 2-3 months to get approval for stock split from RBI; split would make shares more affordable for retail investors and boost their shareholding.
Bank of Maharashtra's board entrusts two EDs to look after financial and administrative powers and functions of bank till such time regular MD & CEO is appointed by government.
Union Bank of India sets floor price for the issue at Rs 142.78 per share.
Kotak Mahindra Bank has made key leadership changes, the first after Ashok Vaswani took charge as CEO; Shanti Ekambaram is made deputy MD.
Ashish Vijayakar is appointed as managing director and CEO of SBM Bank India for a period of three years, starting 17 February.
RBI Governor Shaktikanta Das said recurring food price shocks and renewed flash points on geo-political front pose challenges in tackling inflation.
RBI asks Visa and Mastercard to stop card-based commercial payments made by small and large businesses due to concerns over KYC compliance.
Retail inflation cooled to a three-month low of 5.1% in January amid lower food prices.
RBI extends pause on repo rate for sixth consecutive time; liquidity management to be two-way; inflation projected lower at 4.5% for FY25, GDP at 7%.
RBI’s decision follows requests made by market makers to access offshore electronic trading platforms offering permitted Indian rupee products.
Higher dividend from banks and financial institutions and improvement in tax mobilisation to help achieve fiscal deficit glide path; fiscal deficit expected to fall below 4.5%.
