New Delhi, April 8 (IANS) The Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent with a neutral stance reflected a balanced approach of controlling inflation and supporting economic growth, analysts said on Wednesday.Trade association ASSOCHAM appreciated the “calibrated step aimed at strengthening stability in the macroeconomic environment”, adding that it helps sustain growth momentum and ensure price stability.”This decision underscores the central bank’s ca…
Latest Bank of Baroda News & Updates
New Delhi, April 7 (IANS) Bank of Baroda on Tuesday rolled out ‘bob SAMVAD’ — an AI-powered multilingual conversational platform developed by the bank to enhance in-branch customer interactions.The AI platform was formally launched by Department of Financial Services Secretary M. Nagaraju in Mumbai on March 28. Terming it a step towards inclusive banking, Nagaraju said the initiative will strengthen customer service delivery and set a new benchmark in the sector through the use of technolog…
New Delhi, April 6 (IANS) The Reserve Bank of India’s three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict.The meeting — scheduled from April 6 to April 8 — comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook.While the RBI is likely to maintain the status quo in the upcoming policy,…
New Delhi, April 3 (IANS) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week.According to them, the tone will be cautious and what will be eagerly awaited is RBI’s forecast of GDP and inflation under the prevailing uncertainty. “We do not expect any measures for either liquidity or currency management as RBI will do whenever req…
New Delhi, April 2 (IANS) The Middle East conflict and elevated oil prices will likely lead to the Reserve Bank of India maintaining the policy repo rate unchanged at 5.25 per cent in its April 2026 MPC meeting, a report said on Thursday.The report from Bank of Baroda predicted that the economic landscape has reached the end of the rate cut cycle, and RBI will now remain on a prolonged pause. The central bank will likely maintain a neutral stance and remain vigilant about the evolving situation,…
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
New Delhi, March 23 (IANS) In a fresh affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the constitution of a lenders’ committee to determine the actual dues owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for structured resolution of the liabilities. The supplementary counter-affidavit seeks the constitution of a lenders’ committee, anchored by the State Bank of India and Bank of Baroda, to determine the actual …
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
Ahmedabad, March 9 (IANS) The Reserve Bank of India (RBI) on Monday launched the sixth edition of the Digital Payment Awareness Week (DPAW) in Ahmedabad with a women-centric outreach programme, highlighting the need for greater public awareness on safe digital transactions amid rising cases of online fraud.The week-long campaign, being observed across India from March 9 to March 15 under the national initiative ‘Har Payment Digital’, is led by the RBI’s Department of Payment and Settlement…
Mumbai, March 6 (IANS) The Directorate of Enforcement (ED) on Friday conducted a series of raids on various businesses and individuals associated with industrialist Anil Ambani and Reliance Power Ltd.According to agency sources, the coordinated raids were underway at 10 to 12 locations across the financial capital.A team of approximately 15 specialised ED units initiated the searches in the early hours, focused on the registered offices and residential premises of people related to the power uti…