Economists say RBI has room for another repo rate cut; citing rare window of low inflation and strong growth, Governor Sanjay Malhotra says “policy space” exists to support growth.
RBI’s revised estimates come on back of higher-than-anticipated GDP growth of 8.2% in Q2 and lower-than-expected retail inflation print of 0.25% in October; other factors also contributed.
RBI asks banks to submit detailed plan on ringfencing their core business from other riskier non-core business by March 2026.
RBI does not target any specific exchange rate level and relies on market forces to determine the rupee value, says Governor Sanjay Malhotra.
RBI will conduct open-market purchases of bonds worth up to Rs 1 lakh crore and a $5 billion dollar-rupee buy-sell swap this month.
RBI approves appointment of Vikram Sahu as CEO of Bank of America NA in India; he will replace Kaku Nakhate.
RBI’s MPC to weigh rupee factor while taking call on rate cut amid high GDP and record low inflation; analysts say 90 level to a dollar could be new normal.
After allotment of shares, Bank of Maharashtra will be compliant with SEBI’s minimum public shareholding norm; govt’s stake to fall to 73.6% stake after 6% dilution for around Rs 2,492 crore.
RBI says SBI will have to hold an additional common equity tier 1 capital ratio of 0.80%, HDFC Bank 0.40% and ICICI Bank 0.20%.
Minister of State for Finance Pankaj Chaudhary spoke on consolidation plan of public sector banks, FDI limit, IDBI Bank divestment and performance of regional rural banks.
Ministry of Electronics and Information Technology has blocked a total of 87 illegal loan lending applications after following the due process, said Minister of State for Corporate Affairs Harsh Malhotra.
Offer for sale to fetch government Rs 2,600 crore at current market price; OFS for non-retail investors opens on 2 December and for retail the next day.
Indian women cricket captain Kaur’s association marks a strategic milestone in PNB’s brand transformation journey; bank unveils RuPay Metal Credit Card Luxura, PNB One 2.0, Digi Surya Ghar and onboarding of PNB on IIBX portal.
India’s economy grew at quickest pace in 18 months and GDP forecast for FY26 revised upwards by CEA Nageswaran; economists divided on interest rate cut amid strong GDP growth and low inflation.
RBI imposes fine of Rs 91 lakh on HDFC Bank for deficiencies in statutory and regulatory compliance, including those related to KYC.
