RBI repo rate at 9-year low, no fees on NEFT-RTGS transfers: All that central bank announced today

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RBI repo rate at 9-year low, no fees on NEFT-RTGS transfers: All that central bank announced today MPC strongly signaled the opening of space for deeper and continuing easing by unanimously voting to both cut the repo rate and change the policy stance. June 06, 2019 09:02 PM IST Editor’s pick: Azim.

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RBI removes charges on NEFT, RTGS fund transfers, will review ATM charges next. RBI slashes interest rate to 9-year low. by PW Bureau. June 6, 2019. 0 . 20 ‘Industry had expected an accommodative stance from RBI and today’s 25 bps cut in repo rate is a welcome move,’. RBI to pour Rs.

The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee.It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private.

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Read more about Repo rate at nine-year low after RBI announces first-ever cut of 35 bps on Business Standard. FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.

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The central bank’s latest decision to cut the repo rate for the third time this year was largely on expected lines in the present times of low inflation, weak economic growth and global.

Who is the guarantor allowing ‘big bank frauds’: Priyanka on RBI report 30 Aug 2019, 02:17PM IST The number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent in the year, the Reserve Bank of India’s annual report showed.