rbi

Industry groups applaud RBI’s rate increase

Two trade associations, FICCI and PHD Chamber, have praised the Reserve Bank of India's decision to raise the repo rate.…

3 years ago

Zoroastrian Co-operative Bank receives Rs 1.25 crore fine from RBI

Zoroastrian Co-operative Bank, Bombay, has been fined Rs. 1.25 crore by the Reserve Bank of India (RBI) for failing to…

3 years ago

RBI raises the repo rate by 50 basis points to a three-year high of 5.9%, with GDP expected to grow at 7%

RBI Governor Shaktikanta Das announced on Friday that the Monetary Policy Committee (MPC) of the central bank raised the repo…

3 years ago