Tag: state bank of india
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…
Money market-volumes jump to record as bank lending booms
India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand. The value of trades in the so-called…
SBI chairman Shetty sees MPC’s repo rate pause ‘appropriate’ at this juncture: Report
State-owned lender SBI’s Chairman CS Setty said a pause would be an appropriate decision by the Monetary Policy Committee (MPC) at its upcoming policy meeting,…
RBI likely to keep status quo on policy rate as threats loom
Mumbai: The Reserve Bank of India is likely to leave the policy rate unchanged at its June meeting, according to a majority of economists in…
West Asia conflict may slow India’s growth, push up Inflation: SBI Chairman
State Bank of India (SBI) chairman Challa Sreenivasulu Setty has warned that the ongoing conflict in West Asia could drag on global growth and push…