RBI likely to cut repo rate by 25 bps in Governor Sanjay Malhotra’s first policy move
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
The Union Budget for 2025-26 has maintained fiscal prudence without compromising on the quality of expenditure and the government’s borrowing program has been stable, which is positive for markets, according to an analysis by Bank of Baroda economists.
Bank of Baroda has opened a new branch in Shakuntala Park on the auspicious occasion of Bank’s 117th Foundation Day, reaffirming its commitment to customer service and accessibility.
Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app.
The central bank said in its notification that the action is based on certain material supervisory concerns observed in the “manner of onboarding” of their customers onto this mobile application.
Earlier, the Reserve Bank of India (RBI) announced the status quo on the repo rate maintaining it at February level of 6.5 per cent.
The Bank of Baroda's 8 DBUs have been opened in Indore, Kanpur Dehat, Karauli, Kota, Leh, Silvassa, Vadodara, and Varanasi.
Under the scheme, a subscriber would receive a minimum guaranteed pension of Rs 1000 to Rs 5000 per month from the age of 60 years, depending upon his contribution.
In this program, Hon'ble District Magistrate Pranjal Patil Lahan Singh, IAS, attended the program and also distributed loan sanction letters to the beneficiaries.
The lender had reported a standalone profit-after-tax of Rs 507 crore in the year-ago period.
