Tag: state bank of india
Gold pulled India back from the edge of crisis 35 years ago
This month 35 years ago marked a watershed for India’s economy. On July 24, 1991, Dr. Manmohan Singh announced the 1991 economic reforms during his…
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
India’s efforts to attract foreign capital have drawn in $32 billion so far, RBI Governor Sanjay Malhotra said in a media interview, with the bulk…
India to roll out common customer ID for banks, insurers; mutual funds to follow, sources say
MUMBAI, – Indian banks and insurers will launch a common customer identification system in August, with asset managers joining later, two regulatory sources and industry…
Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report
New Delhi [India]: Around 35 lakh more electric vehicles (EVs) are expected to replace petrol vehicles during 2027-2030, helping India save nearly Rs 1 lakh…
RBI clears loans, SBLCs against FCNR(B) deposits under swap scheme
The Reserve Bank of India (RBI) on Tuesday clarified that banks can extend loans to non-residents and issue standby letters of credit (SBLCs) against FCNR(B)…
RBI seen in no rush to press rate hike pedal, decision may get deferred to second half of FY27
Mumbai: Timelines for an interest-rate increase by the Reserve Bank of India (RBI) are gradually being pushed further back, with economists now visibly tilting toward…
India, Sri Lanka collaborate to strengthen trade interactions through local currency settlement initiatives
Colombo: India and Sri Lanka have discussed ways to enhance trade settlement in local currencies to reduce transaction costs and insulate the bilateral trade from…
Central bank turns piper to draw in foreign capital; leaves repo rate at 5.25, keeps stance neutral
Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as…
RBI deputy governor Swaminathan J gets two-year extension
Kolkata: The union government has extended Reserve Bank of India deputy governor Swaminathan Janakiraman‘s term for another two years with effect from June 26, 2026,…
RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook
The Reserve Bank of India (RBI) on Friday unanimously voted to keep the benchmark repo rate unchanged at 5.25 per cent, with the Monetary Policy…