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Tag Archives: RBI

Farm loan waiver should not become a policy: Bimal Jalan

  New Delhi: Former Reserve Bank of India (RBI) Governor Bimal Jalan on Wednesday said farm loan waivers should be a ‘need based’ one-time decision and should not be turned into a policy. “Farm loan waiver as a one-time effect is all right. But you can’t make it a policy,” Jalan said here on the sidelines…

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Equity markets trade flat ahead of monetary policy review 

  Mumbai: Indian equity markets traded on a flat note with marginal losses during the mid-afternoon session on Wednesday. Caution ahead of announcement of the monetary policy review by the Reserve Bank of India (RBI), coupled with selling pressure witnessed in metal, capital goods and FMCG stocks, kept investors’ sentiments subdued. Around 2.10 p.m., the wider…

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RBI expected to cut key interest rate on Wednesday

  Mumbai: With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday. At its second bi-monthly monetary policy review of the fiscal on June 7, the RBI…

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Rate cut hopes, global cues buoy equity markets

  Mumbai: Expectations of a monetary policy easing, coupled with hopes of healthy quarterly results and broadly positive global cues, buoyed the key Indian equity indices — NSE Nifty and BSE Sensex — during the morning trade session on Tuesday. According to market observers, factors such as hopes of a lending rate cut by the Reserve…

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RBI rate cut hopes, earnings season lift Indian equities (Lead)

  Mumbai: Indian equity markets traded with appreciable gains during the mid-afternoon session on Monday as hopes of a rate cut in the upcoming monetary policy review of the Reserve Bank of India (RBI), coupled with expectations of healthy quarterly results, kept investors’ sentiments buoyed. Besides, the key equity indices pared their Friday losses on the…

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SBI cuts savings deposit rate by 50 bps to 3.5%

  Mumbai: The State Bank of India (SBI) on Monday announced a 50 basis points (bps) cut in the interest rates for savings accounts having deposits below Rs 1 crore, effective immediately. The revised interest rate for savings accounts having up to Rs 1 crore deposit now stands at 3.5 per cent while those having above…

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Finally, Maharashtra farmers get promised aid

  Pune: Public sector banks in Maharashtra have finally started disbursing the emergency aid of Rs 10,000 – promised by the state government on June 11 – for the eligible nine million farmers, a top official said on Thursday. “The work has begun in full swing after a meeting of the Bankers Committee last week. Till…

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Indices touch record highs, profit booking caps gains

  Mumbai: Expectations of healthy quarterly results, coupled with broadly positive global cues, lifted the key Indian equity indices — NSE Nifty and BSE Sensex — to touch their new record highs during the morning trade session on Tuesday. According to market observers, factors such as hopes of a lending rate cut by the Reserve Bank…

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Indices slip from record highs, profit booking dents sentiments

  Mumbai: Expectations of healthy quarterly results, coupled with broadly positive global cues, lifted the key Indian equity indices — NSE Nifty and BSE Sensex — to touch their new record highs during the morning trade session on Tuesday. According to market observers, factors such as hopes of a lending rate cut by the Reserve Bank…

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Sena claims credit for RBI accepting old notes from co-op banks

  Mumbai: The Shiv Sena on Wednesday claimed credit for the central government granting permission to the Reserve Bank of India (RBI) to accept the demonetised Rs 500 and Rs 1,000 notes. “This was Sena President Uddhav Thackeray’s demand a few days ago and later our minister Diwakar Raote also raised it,” said a party official.…

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