Bank of Baroda’s board has approved raising capital up to Rs 8,500 crore through common equity shares to support business growth and meet regulatory norms.
Reserve Bank of India has lifted the more than nine-month old ban on Kotak Mahindra Bank, allowing it to issue new credit cards and onboard new customers through online and mobile banking channels.
Inflation dips for third straight month, mainly due to lower food prices; provides RBI more space for doing follow-up repo rate cut in April policy, after lowering it by 25 basis points last week.
Minister of state for corporate affairs Harsh Malhotra also said that 2,707 cases have ended in liquidation orders.
RBI Governor Sanjay Malhotra says focus should be on medium- to long-term changes in rupee’s value; central bank doesn’t target a particular “price level” of the rupee.
Implementation of liquidity coverage ratio, project finance and expected credit loss norms deferred by at least a year; central bank to keep in view benefits and costs of every regulation, says RBI Governor Sanjay Malhotra.
RBI-led MPC lowers repo rate by 25 bps to 6.25%; GDP growth rate expected to be at at 6.7% in FY26 while inflation is projected to fall to 4.2%.
Rising uncertainty in global financial markets, continuing volatility in energy prices and adverse weather events present upside risks to inflation trajectory, cautions RBI Governor Sanjay Malhotra.
RBI projects 6.7% GDP growth for FY26, up from 6.4% estimated for current fiscal; Governor Sanjay Malhotra says new forecasts have factored in impact of weaker rupee.
Rupee further weakens by 14 paise to close at an all-time low of 87.57 against the US dollar, a day ahead of the RBI’s monetary policy announcement.
Vijay Mallya submits in petition that Rs 6,200 crore debt he owes to banks has been recovered “multiple times over”.
Rupee falls to 87.50 per dollar in afternoon trade amid concerns over Donald Trump’s tariff policy and possible decision on Friday by RBI-led MPC to cut interest rate after almost five years.
Rupee falls to a record low on Monday amid fears of a global trade war; US President Donald Trump slaps tariffs on imports from Canada, Mexico and China.
RBI takes action due to governance concerns and defaults in meeting payment obligations; appoints former PNB CGM Ram Kumar as administrator.
2,84,355 complaints were disposed by ombudsman in FY24, thereby achieving disposal rate of 95%, RBI said.
