Business

December 5, 2019 9:03 PM

Reserve Bank keeps repo rate unchanged at 5.15 %

The Reserve Bank of India (RBI) in its fifth bi-monthly Monetary Policy has kept the policy repo rate unchanged at 5.15 per cent. The six-member Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das unanimously voted for a status quo policy. The reverse credit policy has also maintained...

December 5, 2019 5:54 PM

RBI mulling to amend regulatory guidelines for UCBs

The Reserve Bank of India today said that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks - UCBs. Speaking to reporters in Mumbai today, RBI Governor Shaktikanta Das said, the guidelines would primarily relate to exposure norms for single and group/interconnected bo...

December 4, 2019 8:59 AM

Tax department issues 2.10 cr tax refunds till November

The Income Tax Department has processed as many as 2.10 crore tax refund cases till 28th November during the current fiscal as compared to 1.75 crore refund returns during the same period last year. It shows and increase of 20 per cent in the refund returns against last year. The CBDT said, the tota...

December 3, 2019 8:15 PM

Customer Outreach Initiative: PSBs disburse Rs 4.91L Cr loans in Oct, Nov

Public Sector Banks have disbursed four lakh 91 thousand crore rupees of loans during the month of October and November this year under customer outreach initiative. Finance Minister Nirmala Sitharaman had announced in September the launch of Customer Outreach Initiative by PSBs to improve credit de...

December 3, 2019 6:32 PM

RBI MPC starts its three-day deliberations on policy review

Monetary Policy Committee (MPC) of Reserve Bank today started its three-day deliberations on the policy review. RBI Governor Shaktikanta Das is heading the meet. Expectations are high on another round of reduction in the key policy rate to revive the sagging economy. If the Reserve Bank cuts the rep...

December 1, 2019 7:15 PM

FPIs remain net buyers for third month; invest Rs 22,872 cr in Nov

Foreign investors remained net buyers in the Indian capital market for the third straight month in November this year, putting in 22,872 crore rupees on a net basis. Analysts said expectations of a trade deal between the US and China, and more relief measures, as well as disinvestment drive by the g...

November 30, 2019 3:42 PM

DPIIT invites applications for first ever National Startup Awards

The Department for Promotion of Industry and Internal Trade has announced the institution of the first-ever National Start-up Awards. The Awards seek to recognize and reward outstanding startups and ecosystem enablers that are building innovative products or solutions and scalable enterprises, with ...

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