Central Bank Of India

Under pressure to bring down retail inflation and keep pace with global peers, the Reserve Bank may go in for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that began in May 2022, at the bi-monthly policy to be unveiled on Thursday. The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24. The Reserve Bank of India (RBI) has already increased the repo rate by a total of 250 basis points since May in a bid to contain inflation though it has continued to remain above the central bank's comfort zone of 6 per cent for most of the time. The two key factors which the RBI Governor headed committee will deliberate intensely while firming up the next monetary policy are -- elevated retail inflation and the recent action taken by central banks of ..

Market participants and analysts broadly expect a rate hike of 25 basis points (bps) on April 6, when the country's monetary policy committee (MPC) ends its three-day meet

Reserve Bank Governor Shaktikanta Das on Wednesday awarded the 'Governor of the Year' award for 2023 by the international publication Central Banking for captaining the financial markets through the turbulent periods of the pandemic and the crippling impact of the Ukraine war. Former governor Raghuram Rajan was the first to be conferred the title back in 2015 from the country. Awarding the 66-year-old Das, who is into his second term at the Mint Road, the publication said the governor helped manoeuvre the ship as it faced multiple obstacles since his appointment in December 2019, the Covid-19 pandemic and the Russia-Ukraine war being the two major tests. An economy as complex as India's will likely never be free from challenges but, as Das faces up to the remainder of his second term, he can take pride in major achievements so far," the award citation said. Das has captained critical reforms, overseen world-leading payments innovation and steered the country through difficult times

The Reserve Bank of India on Wednesday launched two key surveys, results of which provide "useful inputs" for the central bank's bi-monthly monetary policy. One of the surveys is to know inflation expectations of households and the other is to gauze the consumer confidence. The March 2023 round of Inflation Expectations Survey of Households (IESH), RBI said, aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities. The cities are: Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. "The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rate

Kotak Mahindra Bank increased select deposit rates by up to 25 basis points

State-owned lender reports first full quarter after exiting regulator's Prompt Corrective Action regime

State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at the bank's board meeting held on Monday. The board of directors considered and approved to raise capital through an issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for amount up to Rs 1,500 crore, the bank said in a regulatory filing. The base issue size is of Rs 500 crore with a green shoe option up to Rs 1,000 crore. Under the Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes. Shares of Central Bank of India settled 4.93 per cent up at Rs 30.85 apiece on BSE.

In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex

The e-rupee is set to be test launched within a month for retail use in select locations and users, the Reserve Bank of India had said in a statement Monday

India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday

Go First's loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney's delay in supplying engines and multiple waves of Covid-19 that affected air travel

"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said

The introduction of CBDC for cross-border remittances can bring down costs substantially

Rao says he doesn't foresee much flight of CASA money into term deposits as deposit rates are hiked

These five stocks were are trading with strong gains on Wednesday despite the nervouss undertone in the broader market ahead of US Fed rate decision later tonight.

The RBI removed public sector lender from the Prompt Corrective Action Framework on complying with parameters like net non-performing assets and capital ratios

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

Central Bank of India has provided a written commitment that it would comply with the norms of Minimum Regulatory Capital, Net NPA and Leverage ratio on an ongoing basis, says RBI

The company has repaid outstanding principal of Rs 121.78 crore to the bank, is in talks with other lenders for debt resolution plan

Despite signs of inflation having peaked in India, the outlook remains highly uncertain, members of the central bank's monetary policy committee said in their report