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Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Bank recapitalisation critical for economic recovery: BofAML

Govt unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

25 Oct 2017 9:17 AM GMT

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

RBI may cut rates by 25 bps in August: report

RBI kept key policy rate unchanged at 6 pc for third consecutive time on Feb 7 in view of firming inflation.

13 Feb 2018 6:33 AM GMT

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI may cut rates by 0.25 pc in Feb or April policy review: BofAML

Central bank maintained status quo on all key policy rates in the fifth bi-monthly monetary policy review.

6 Dec 2018 9:28 AM GMT

Wholesale Price Index or wholesale inflation is also down in June.

Retail inflation to be within RBI's 2-6 pc target: BofAML

However, global brokerage firm adds inflationary pressures are expected to remain contained by good rains.

21 Aug 2017 9:00 AM GMT

Reserve Bank of India

RBI may pause in October before delivering rate cut in Dec: BofAML

RBI in its Monetary Policy Committee meet in August slashed repo rate by 0.25 per cent.

18 Aug 2017 12:11 PM GMT

The US is among the worlds most urbanised nations as 86 per cent of the population is urban.

80 per cent cities showing signs of fragility: Study

The report further noted that the world will have 41 mega cities and 11 meta cities by 2030.

17 March 2017 1:01 AM GMT

The global financial services major said rate cuts hold the key to recovery and expects a 50-70 bps reduction in lending rates by banks by September.

GDP to recover to 7.2 per cent in 2017-18

Govt on February 28 pegged GDP growth at 7.1 per cent for the current fiscal.

1 March 2017 10:21 AM GMT

Reserve Bank of India

RBI might slash repo rate by 25bps:BofAML

BofAML believes a good monsoon might mean a 25bps slash in repo rate by the RBI.

6 Jun 2017 11:04 AM GMT

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI may ease rates, hinting banks to cut lending rates: BofAML

RBI rate cuts will likely endanger the much-needed bank lending rate cut before the busy industrial season sets in...

9 Jun 2017 11:26 AM GMT

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Monsoon to good news for rural demand, RBI may cut rate: BofAML

Despite inflation moderating sharply in April, the Monetary Policy Committee had decided to leave policy rates unchanged...

19 Jun 2017 12:24 PM GMT

BofAML study: 90 per cent Jio users opted for Prime, most will...

The study said 84 per cent of these Jio users have paid monthly top-up with majority of them choosing Rs 303 or Rs 309...

18 Jun 2017 7:08 AM GMT