New Delhi [India], December 13 (ANI/PNN): India's quest to eradicate black money has been a long one considering the prominence of cash over digital currency and the gigantic population which previously believed in stashing cash under their mattresses. Will the advent of Central Bank Digital Currency take India towards the five trillion economy dream?
The Chairman of the country's largest bank said, "A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook. Imparting operational flexibility to banks in managing their investment in HTM (Held to Maturity) limit will have an orderly impact on domestic yields. The steps to augment the payment infrastructure will ensure a continued traction on digital front."
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
Among the broad-based indices, BSE SmallCap dropped 74 points to 62,197.70 with ITDC, Religare, Finolex Industries amongst the gainers on the index.
BSE MidCap lost 130 points to 62,142.17, with Bank of India, IOB, Max Health and GSPL amongst the active stocks on the index while BSE LargeCap lost 13.98 points to 7,125.77 levels, while Paytm, PNB, DLF and Bank of Baroda among the most active stocks on the index.
The case is going on in court number 58 of the Bandra Metropolitan Magistrate’s Court and the next hearing will be held on the 12th. Mumbai: Famous businessman Anil Ambani’s Reliance Communications Limited took a short-term loan of 250 crores from Dena Bank in February 2017. However, even after...
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Mumbai (Maharashtra) [India], July 11 (ANI): Bank of Baroda said on Monday it has decided to hike the Marginal Cost of Funds Based Lending Rate (MCLR) by upto 0.15 per cent or 15 basis points with effect from 12th July.
Mumbai (Maharashtra) [India], May 7 (ANI): Just three days after the Reserve Bank of India (RBI) hiked the policy repo rate, the country's largest mortgage lender Housing Development Finance Corporation (HDFC) on Saturday announced 0.30 per cent increase in its home loans.
Mumbai (Maharashtra) [India], May 2 (ANI): Public sector lender Bank of Baroda on Monday said it has lowered the interest rate on car loans by 0.25 per cent to 7 per cent per annum and reduced processing charge for a limited period till June 30 in order to boost lending in car loan segment.
New Delhi [India], April 22 (ANI): Public sector lender Bank of Baroda on Friday said it has lowered the interest rate on home loans by 0.25 per cent or 25 basis points to 6.50 per cent for a limited period till June 30.
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