SBI to raise up to Rs 50,000 crore in FY24 by issuing debt instruments BENGALURU (Reuters) -State Bank of India, the country’s largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit. SBI will raise the ...

Going to the bank with Rs 2,000 notes? Things you should keep in mind According to the Reserve Bank of India (RBI) estimates, more than Rs 1.50 trillion of Rs 2,000 notes have been deposited in banks across the country. In the wake of this development, it is important to take note of the Rule 114E of Income Tax Rules ...

What should you pick given RBI status quo? With the Reserve Bank of India keeping the key repo rates unchanged at 6.50 per cent on Thursday,  mutual fund experts have advised investors to opt for medium-duration debt funds. Meanwhile, the pause in the repo rate hike coupled with surplus liquidity in the banking system due to the return of Rs ...

Why it could be a thing of the past Ever since the Reserve Bank of India announced the withdrawal of Rs 2,000 notes on May 23, about half of those notes in circulation have already come back to the banking system, RBI governor Shaktikanta Das said on Thursday. The last day to exchange or deposit these notes with banks has ...

RBI Digital Currency, CBDC: Targeting 1 million CBDC users by end of this month: RBI deputy guv The Reserve Bank of India (RBI) is targeting one million users of the central bank-backed digital currency (CBDC) by June-end, deputy governor T Rabi Shankar said on Thursday in a press conference after the monetary policy announcement. Sankar said the RBI does ...

Full list of banks offering highest FD rates The Reserve Bank of India (RBI) on Thursday kept the key repo rate unchanged yet again at 6.5 percent  in its June Monetary Policy Committee (MPC) meeting today, which means  this can still be a good time to lock your money in long-term fixed deposits  before banks start cutting deposit rates. ...

Sebi likely to change rules to track investments in PE and VC funds SEBI plans to restrict borrowing by AIFs to prevent systemic risk Sebi plan to prune MF costs: New expense slabs, no additional charges Sebi planning to align foreign VC investment rules with those of FPIs Top Headlines: Govt asks P&W to supply engines, stricter Sebi norms & ...

Banks to issue Rupay prepaid forex cards for Indians travelling abroad: RBI In order to expand payment options for Indians travelling abroad, the Reserve Bank of India on Thursday decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs, PoS machines and online merchants overseas. Further, RuPay Debit, Credit, and Prepaid Cards ...

Know the annual bank locker charges across India Is FD a must? All your queries on opening a bank locker answered How will the Reserve Bank of India’s new locker norms impact you? Safety to liability: What changes for bank locker customers from Jan 1 Banks get time till Dec end to renew safe deposit locker agreements MPC lowers projection ...

50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation pegged at 6.5% RBI MPC: When and where to watch policy announcement by Shaktikanta Das RBI MPC: When and where to watch policy announcement by Shaktikanta Das India was close to printing Rs 10,000 notes in ...