RBI bans Kotak Mahindra Bank from adding new customers through online banking, issuing credit cards

[ad_1] The Reserve Bank of India on Wednesday restricted Kotak Mahindra Bank with immediate effect from adding new customers through its online and mobile banking channels and issuing fresh credit cards after finding deficiencies in its information technology system.Kotak Mahindra...

RBI keeps repo rate unchanged at 6.50% for seventh consecutive time

[ad_1] The Reserve Bank of India’s Monetary Policy Committee on Friday decided to keep the repo rate unchanged at 6.50% for the seventh consecutive time.The repo rate is the interest rate at which the central bank lends money to commercial...

Food price uncertainties to weigh on inflation trajectory, RBI retains FY’25 forecast at 4.5%

[ad_1] The Reserve Bank on Friday said that food price uncertainties will continue to weigh on the inflation trajectory going forward, even as it retained 4.5 per cent retail inflation projection for the current fiscal.Also read: RBI to allow UPI...

RBI retains 7% GDP growth forecast for FY25 – RBI Governor Shaktikanta Das

[ad_1] The Reserve Bank on Friday retained the GDP growth forecast of 7 per cent for the 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, the RBI had projected the...

MPC keeps repo rate unchanged at 6.50% in its first meeting of FY25

[ad_1] The RBI’s six-member monetary policy committee kept the policy repo rate on hold at 6.50 per cent at its first meeting of FY25 as retail inflation remains above its 4 per cent target. It persisted with its “withdrawal of...

Morning market: Sensex, Nifty open lower ahead of RBI’s policy decision

[ad_1] Benchmark indices traded marginally lower on Friday’s morning trade. BSE Sensex traded at 74,063.24, down by 164.39 or 0.22 per cent as of 9.30 am, and Nifty 50 traded at 22,478.55, down 36.10 or 0.16 per cent.The Reserve Bank...

Payment Aggregator PB Fintech Sets Up Subsidiary

[ad_1] PolicyBazaar promoter PB Fintech Limited has decided to set up a wholly-owned subsidiary to carry out the business of a payment aggregator. The proposal received the nod of the Board of PB Fintech on Wednesday. Also read: Fintech loans jump...

Stock Market Live Updates: Asia stocks echo US rally with eyes on Fed meet

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