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Aggregate Losses of 21 PSU Banks

BE/RBI NOTE/09/2019   The Quarter ended December 31, 2018, saw a total loss of Rs. 11,605 crore of the Public Sector Banks.  The major contributions were from the following: SNo Bank name Loss incurred in Crores 1. Bank of India 4,737 2. IDBI Bank 4,815 The relative figure for the quarter ended September 2018 of

Aggregate Losses of 21 PSU Banks

BE/RBI NOTE/09/2019   The Quarter ended December 31, 2018, saw a total loss of Rs. 11,605 crore of the Public Sector Banks.  The major contributions were from the following: SNo Bank name Loss incurred in Crores 1. Bank of India 4,737 2. IDBI Bank 4,815 The relative figure for the quarter ended September 2018 of

RBI BRINGS A RATE CUT

BE/RBI NOTE/08/2019 RBI in its MPC (Monetary Policy Committee) meeting cut benchmark lending rate by 0.25 percent which is now 6.25 percent. This was on the expectations of inflation staying within its target range. Also, this is a move that is likely to make the Home Loan and other Loans cheaper The Governor stood neutral

RBI BRINGS A RATE CUT

BE/RBI NOTE/08/2019 RBI in its MPC (Monetary Policy Committee) meeting cut benchmark lending rate by 0.25 percent which is now 6.25 percent. This was on the expectations of inflation staying within its target range. Also, this is a move that is likely to make the Home Loan and other Loans cheaper The Governor stood neutral

PAYMENT GATEWAY SPACE

BE/RBI NOTE/07/2019 An Interest rate cut by Reserve Bank of India is expected to fast-track the country’s economic activity.  This, in turn, would bring more stability to the digital payments ecosystem and also make it more secure. RBI is expected to address the hopes of many industries, which include: Issues around merchant discount rates (fees

PAYMENT GATEWAY SPACE

BE/RBI NOTE/07/2019 An Interest rate cut by Reserve Bank of India is expected to fast-track the country’s economic activity.  This, in turn, would bring more stability to the digital payments ecosystem and also make it more secure. RBI is expected to address the hopes of many industries, which include: Issues around merchant discount rates (fees

RBI Signals to State Run Banks

BE/RBI NOTE/05/2019 Ahead of the ensuing Monetary Committee meeting, Regulator’s expectations from the Banking sector has been conveyed to the State Run banks, by the Reserve Bank of India Governor Shri Shaktikanta Das. The sixth bi-monthly monetary policy for 2018-19 will be announced by RBI on 7th February 2019. This meeting was also aimed to

RBI Signals to State Run Banks

BE/RBI NOTE/05/2019 Ahead of the ensuing Monetary Committee meeting, Regulator’s expectations from the Banking sector has been conveyed to the State Run banks, by the Reserve Bank of India Governor Shri Shaktikanta Das. The sixth bi-monthly monetary policy for 2018-19 will be announced by RBI on 7th February 2019. This meeting was also aimed to

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