Tag: union bank of india
Food inflation to moderate, but any surprise in monsoon or floods may trigger it upwards: UBI report
Food inflation, which has moderated a bit lately is further expected to come down in the coming months, Union Bank of India noted in a…
RBI MPC | RBI Repo Rate: Will FD interest rates drop sharply if RBI MPC keeps repo rate unchanged on October 6, 2023?
The Reserve Bank of India (RBI) monetary policy committee (MPC) is likely to put a pause on the repo rate again in its bi-monthly review…
Will banks start reducing fixed deposit (FD) interest rates from now? All eyes on RBI MPC announcements tomorrow
Is the era of rising interest rates on fixed deposits (FDs) over; will rates start falling now? With another expected pause by the Monetary Policy…
MSME: Piyush Goyal asks banks to ensure enhanced, affordable credit to MSMEs
Commerce and industry minister Piyush Goyal has asked banks to ensure enhanced and affordable credit to MSME exporters with a view to boosting the country’s…
Digital Rupee: RBI plans to expand CBDC pilot to include more banks and locations
The Reserve Bank of India (RBI) wants to expand the ongoing pilot of the Central Bank Digital Currency (CBDC) and incorporate various use cases and…
Food Prices: Inflation in India seen easing in March on softening food price rises
India’s consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India’s upper tolerance limit…
Union Bank opens ‘Special Rupee Vostro’ account in Malaysia: What is it?
To facilitate transactions between India and Malaysia in the Indian rupee, Union Bank of India (UBI) announced on Saturday the opening of its ‘Special Rupee…
India, Malaysia can now trade in Indian rupee
Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This…
e-Rupee news: E-rupee worth over Rs 130 crore in circulation: Nirmala Sitharaman
Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on…
PSU Banks FD Rates: PSU banks now offer inflation-beating FD rates
Those believing in safety first are outrunning the glory chasers these days, with stock returns trailing yields on plain-vanilla fixed deposits by a long shot,…