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RBI keeps repo rate unchanged at 6.5 per cent: Shaktikanta Das

By Odisha News Online Dec 8, 2023 170

NEW DELHI,DEC 8: The RBI Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The three-day bi-monthly monetary policy committee (MPC) meeting of the RBI began on Wednesday. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation […]Continue Reading

National News

RBI says Rs 2,000 notes totalling Rs 9,760 crore still with public

By Odisha News Online Dec 1, 2023 205

MUMBAI,DEC 1: The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination […]Continue Reading

National News

RBI once again raises red flag over rising personal loans

By Odisha News Online Oct 6, 2023 139

MUMBAI,OCTO 6: The RBI has fired warning shots on the issue of rising personal loans, once again. In April, the central bank had first cautioned lenders over their rising unsecured loan portfolio, particularly personal loans, credit cards, small business loans and microfinance loans. On Friday, it again raised the red flag, asking scheduled commercial banks […]Continue Reading

National News

RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till Sept 30

By Odisha News Online May 19, 2023 208

NEW DELHI, MAY 19: The Reserve Bank of India (RBI) on Friday asked banks to stop issuing Rs 2,000 notes with immediate effect. The Rs 2,000 notes will continue to be legal tender, the RBI said in a statement. Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated […]Continue Reading

National News

RBI, govt bid to calm nerves on Adani stock

By Odisha News Online Feb 4, 2023 169

MUMBAI, FEB. 4: With the Adani group saga still unravelling, the regulators and the Centre on Friday came up with clarifications to calm investors’ frayed nerves. While the Reserve Bank of India sought to allay the concerns about lenders’ exposure to Adani Group saying the banking sector remains resilient and stable, Union finance minister Nirmala […]Continue Reading

Odisha News

କଏନ୍ ନେବାକୁ ମନା କଲେ କାର୍ଯ୍ୟାନୁଷ୍ଠାନ ହେବ: ରିଜର୍ଭ ବ୍ୟାଙ୍କ

By Odisha News Online Jan 10, 2023 169

ବ୍ରହ୍ମପୁର, ୧୦/୧: କଏନ୍ ଗ୍ରହଣ କରିବାକୁ କୌଣସି ଦୋକାନୀ ମନା କରିପାରିବେ ନାହିଁ । ଯେଉଁମାନେ ସେଭଳି କାମ କରିବେ ସେମାନଙ୍କ ପାଇଁ ଭାରତ ସରକାରଙ୍କ ପକ୍ଷରୁ ଦଣ୍ଡ ବିଧାନର ବ୍ୟବସ୍ଥା ରହିଛି ବୋଲି ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ ପକ୍ଷରୁ କୁହାଯାଇଛି। କଏନ୍ ସମ୍ପର୍କିତ କୌଣସି ବିଭ୍ରାନ୍ତୀକରଣ ସୂଚନା କିମ୍ବା ଗୁଜବକୁ ବିଶ୍ବାସ ନକରିବା ଲାଗି ରିଜର୍ଭ ବ୍ୟାଙ୍କ ପକ୍ଷରୁ କୁହାଯାଇଛି। କଏନେଜ୍ ଆକ୍ଟ ୨୦୧୧ରେ କଏନ୍କୁ ନେଇ ବିଭିନ୍ନ ପ୍ରକାର ଦଣ୍ଡବିଧାନର Continue Reading

Business News

RBI to launch pilot of e-rupee today

By Odisha News Online Nov 1, 2022 232

NEW DELHI,NOV 1:  The Reserve Bank of India’s sovereign digital currency is going to be a reality soon as it launches the first pilot — digital rupee in the Wholesale segment (e-W) — on Tuesday. The pilot for retail digital currency is likely to be launched this month. The RBI in a statement said in […]Continue Reading

National News

RBI takes measures to check fall in rupee

By Odisha News Online Jul 7, 2022 301

MUMBAI,JULY 7:  The RBI has announced a slew of temporary measures to boost forex flows into the country, which has witnessed foreign portfolio investors selling Indian shares amid a burgeoning current account deficit, in turn weakening the rupee. Doubling the external commercial borrowing (ECB) limit under the automatic route to $1.5 bn up to December […]Continue Reading

National News

EMIs set to rise further as RBI increases lending rate

By Odisha News Online Jun 9, 2022 320

MUMBAI,JUNE 9:  Home and consumer loans are set to become costlier with the RBI’s Monetary Policy Committee (MPC) on Wednesday raising the key repo rate the rate at which it lends to commercial banks by 50 basis points (bps) to 4.9% to rein in inflation. It also changed its stance to “withdrawal of accommodation” from […]Continue Reading

National News

Markets go into tailspin after RBI’s rate hike surprise; Sensex, Nifty slump over two per cent

By Odisha News Online May 4, 2022 460

MUMBAI, May 4: Equity markets fell sharply in late afternoon trade on Wednesday, with the Sensex and Nifty diving over 2 per cent each after the RBI in a surprise move hiked the benchmark lending rate to 4.40 per cent to contain inflation. The 30-share BSE benchmark tumbled 1,306.96 points or 2.29 per cent to […]Continue Reading