The RBI hiked its key policy rate by 250 basis points (bps) in the previous financial year, but surprised markets with a pause in April, going against expectations of a 25 bps hike
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The bank expects NIM – a key profitability measure – to fall to 3.7-3.8 per cent in 2023-24 from 4.1 per cent a year ago due to the merger, Nomura analysts wrote in a report
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Shares of Life Insurance Corporation of India (LIC), the insurance giant, witnessed a nearly 4 per cent increase to Rs 615.6 in Thursday's intraday trading on the BSE
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India has been witnessing new milestones which indicate the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, says SBI report
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The RBI Governor Shaktikanta Das inaugurated the conference. 'Governance in Banks - Driving Sustainable Growth and Stability' was the theme of the conference
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“The Governor also emphasized the need for banks to ensure continued financial and operational resilience,” according to a statement from the RBI
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There has been some speculation that the decision to withdraw Rs 2000 note may put a strain on the overall money supply
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He highlights that the highest denomination currency as a percentage of per capita GDP is significantly lower in developed countries
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