BUSINESS
RBI to issue Master Direction to strengthen Internal Ombudsman mechanism in banks
“Based on the learnings from the implementation of the extant IO guidelines, it has been decided to harmonise the same and issue a consolidated Master Direction,” the RBI said on Friday.
RBI rolling out Card-on-File Tokens facility at bank level
“This measure will enhance convenience for cardholders to get tokens created and linked to their existing accounts with various ecommerce applications. Instructions in this regard will be issued separately,” the RBI said in a statement.
Bajaj Finance hits new 52-week high
Bajaj Finance hit a new 52 week high of Rs 8,107 on Friday. It is up 2.9 per cent at Rs 8,080.
RBI may not cut repo rate for another 12 months, say experts
The repo rate is the rate at which the RBI lends to the banks.
Nifty advances for second straight day
Volumes on the NSE were at multi-week lows. Broad market indices rose in line with the Nifty even as the advance decline ratio advanced further to 1.88:1, Jasani said.
RBI Policy: No status quo on hawkishness
As expected the monetary policy review was status quo on policy stance and rates. However, there was a lot under the hood that was very hawkish indeed.
RBI doubles gold loans limit to Rs 4L for UCBs under bullet scheme
These banks will be required to continue to meet the targets and sub-targets thereafter and detailed guidelines on the matter will be issued separately, according to an RBI statement.
RBI leaves key lending rate unchanged with focus on growth
"MPC (Monetary Policy Committee) voted unanimously to leave the repo rate -- the rate at which the central bank lends short-term funds to banks -- unchanged at 6.5 per cent," RBI Governor Shaktikanta Das said while announcing the Committee's decision.
Monetary policy announcement seen as neutral from market perspective
Not only the policy rates but the growth and inflation targets for FY24 remain unchanged. More than this status-quo statement from the MPC, tonight’s job numbers from the US will determine the market trend in the near-term, he said.
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
Don't Miss
Advertisement