Tag: RBI

Slowing Economy And Limited Investments Forced RBI Gov to Reduce the Repo Rate
LimeLight, Policies

Slowing Economy And Limited Investments Forced RBI Gov to Reduce the Repo Rate

SME STREET- October 18, 2019

The slowing economy and subdued private investments prompted RBI Governor Shaktikanta Das to opt for 25 basis points reduction in policy rate earlier this month, ... Read More

For Asset Classification Violation RBI Penalized Syndicate Bank & Lakshmi Vilas Bank
LimeLight, News

For Asset Classification Violation RBI Penalized Syndicate Bank & Lakshmi Vilas Bank

SME STREET- October 15, 2019

"The Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of Rs 1 crore on Lakshmi Vilas Bank ... Read More

FM Urged PSBs Numbers on NBFC Liquidity & Retail Credit Push
News, Automotive

FM Urged PSBs Numbers on NBFC Liquidity & Retail Credit Push

SMEStreet Desk- October 14, 2019

Meanwhile bank credit growth rate, for the first time this fiscal, has slowed to single digit at 8.8 per cent to Rs 97.71 lakh crore ... Read More

Kerala Bank Soon to be a Reality, RBI Approved the Merger of District Co-Operative Banks
Clusters, Finance

Kerala Bank Soon to be a Reality, RBI Approved the Merger of District Co-Operative Banks

SME STREET- October 11, 2019

RBI has given final approval for Kerala government's proposal of setting up its own bank, by merging district co-operative banks. This has been a long-time ... Read More

SBI Lowers Rates on Non-Repo-Linked Loans by 10 Bps
Finance, InFocus

SBI Lowers Rates on Non-Repo-Linked Loans by 10 Bps

SMEStreet Desk- October 9, 2019

"In view of the festival season and extending the benefits to customers across all segments, we have reduced our MCLR  by 10 bps across all ... Read More

RBI’s Monetary Policy Report Issues Alert on Some Additional Risks in Near Term
Banking & Finance, Finance

RBI’s Monetary Policy Report Issues Alert on Some Additional Risks in Near Term

SMEStreet Desk- October 9, 2019

The RBI in its Monetary Policy Report, October 2019, has also said that a combination of domestic and global headwinds has depressed economic activity in ... Read More

Industry Leaders Welcomed RBI’s Approach in Today’s Financial Crisis
InFocus, Exports

Industry Leaders Welcomed RBI’s Approach in Today’s Financial Crisis

SMEStreet Desk- October 5, 2019

The reduction in key policy rate by the RBI is expected to revive investment and encourage consumption, thereby kick-starting the sluggish economy, India Inc said. ... Read More