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Mumbai, April 8 (MExN): Bank of Baroda has launched 'bob SAMVAD', an AI-powered multilingual conversational platform aimed at transforming in-branch customer interactions and enhancing inclusive banking services. The platform was formally launched by M Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance, in Mumbai on March 28. Described as an industry-first initiative, bob SAMVAD enables real-time, low-latency, two-way communication across 22 languages, allowing cu ...Read More >
New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
New Delhi, Apr 8 (PTI) The Reserve Bank's decision to maintain status quo on interest rate is a calibrated approach to strengthen macro economic environment against the backdrop of global headwinds influencing economic sentiment, experts said on Wednesday. The Reserve Bank kept its key policy rate (repo) unchanged at 5.25 per cent, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. Industry bo ...Read More >
Bank of Baroda (BoB) has unveiled "bob SAMVAD", an AI-powered multilingual conversational platform aimed at transforming customer interactions at its branches. Designed to eliminate language barriers, the industry-first platform enables customers and branch staff to communicate seamlessly with each other in their preferred language, according to a PIB statement issued on behalf of the Ministry of Finance. Developed entirely in-house, bob SAMVAD leverages AI-driven speech and language technolog ...Read More >
New Delhi, Apr 7 (PTI) State-owned Bank of Baroda (BoB) unveiled its bob SAMVAD, an AI-powered multilingual conversational platform aimed at transforming customer interactions at its branches. The platform was launched by M Nagaraju, Secretary, Department of Financial Services (DFS). The platform is designed to eliminate language barriers, and it enables customers and branch staff to communicate seamlessly with each other in their preferred language, BoB said in a statement. Developed entirel ...Read More >
Mumbai: The rupee traded within a tight range against the dollar on Monday, appreciating to a two-week high of 92.7925 in early trade on central bank measures to curb speculative and arbitrage trades but lost most of it as oil marketing companies, importers bought dollars to hedge their payments. The rupee closed up 4 paise at 93.06 against the dollar, after closing at 93.10 in the previous session (on Thursday). Markets were closed on Friday on account of Good Friday. The rupee had appreciate ...Read More >
New Delhi: 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, experts said ...Read More >
New Delhi, April 6: 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, expe ...Read More >
New Delhi, April 6 (SocialNews.XYZ) 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 upco ...Read More >
Mumbai, Apr 5 (PTI) The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy w ...Read More >
Facing renewed pressure on the rupee and heightened global uncertainties amid the ongoing conflict in the West Asia, the Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged in its upcoming monetary policy review and keep the stance unchanged, according to a poll of ten economists. External Shocks The Monetary Policy Committee (MPC) is scheduled to announce its decision on April 8. At its last meeting, the six-member body had unanimously retained the repo rate at 5.25% ...Read More >
Mumbai: Heightened uncertainty transmitting from the West Asia crisis into India's growth and inflation outlook may compel the Monetary Policy Committee (MPC) of the Reserve Bank of India to hold the benchmark repo rate to 5.25 per cent next week and maintain a neutral stance. The three day policy meeting of the MPC (RBI's rate setting panel) will begin on April 6. Experts also do not expect the central bank to announce any measures for either liquidity or currency management as the central bank ...Read More >
NEW DELHI: 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 required as we ha ...Read More >
New Delhi, April 3 (SocialNews.XYZ) 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 w ...Read More >
New Delhi: 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 required as we ha ...Read More >
Mumbai: Heightened uncertainty transmitting from the West Asia crisis into India's growth and inflation outlook may compel the Monetary Policy Committee (MPC) of the Reserve Bank of India to hold the benchmark repo rate to 5.25 per cent next week and maintain a neutral stance. The central bank is also likely to announce measures to support liquidity and the rupee. The three-day policy meeting of the MPC (RBI's rate-setting panel) will begin on April 6. Globally, a lot has changed since the RBI ...Read More >
New Delhi, April 2 (SocialNews.XYZ) 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 evolvin ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
NEW DELHI: The Central Bureau of Investigation (CBI) has registered a yet another case against industrialist Anil Ambani of Reliance Communications Ltd and others based on allegations of causing wrongful loss of Rs 3750 crores to Life Insurance Corporation of India Ltd, the agency said. The FIR names Reliance Communications, Ambani, the then non-executive chairman and unknown public servants, accusing them of criminal conspiracy, cheating, and criminal breach of trust. Ambani is facing multiple ...Read More >
New Delhi [India], April 1 (ANI): The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged at 5.25 per cent in the upcoming Monetary Policy Committee (MPC) meeting and maintain its neutral stance, according to a report by Bank of Baroda. The report noted that global conditions have changed significantly since the RBI's last policy announcement in February 2026. Also Read | How To Download JEE Main 2026 Session 2 Admit Card. It highlighted that the outbreak of the Ira ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
Mumbai: Banks, with the largest collective weighting on Nifty, slumped Monday after the RBI Friday ordered net-position curbs on lenders to underpin the rupee that in FY26 lost the most in 14 years. All 14 constituents of the Bank Nifty lost, dragging the benchmark Nifty more than 2% lower. The Bank Nifty, meanwhile, retreated 3.8% to 50,275.35 - the lowest closing since April 9, 2025 - after the central bank set a $100 million end-of-day net position threshold for lenders. The newly-introduced ...Read More >
Mumbai, March 30 (SocialNews.XYZ) 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 ...Read More >
NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. T ...Read More >
KSH International's Rs 710-crore IPO drew muted interest on day one, garnering 15% subscription and zero grey market premium, despite a strong anchor round and solid growth outlook. The Rs 710-crore KSH International IPO witnessed modest investor interest on the first day of bidding, with the issue garnering only 15% subscription. The IPO received bids for 19.87 lakh shares against the total issue size of 1.36 crore shares. In the grey market, the IPO is currently trading at a zero premium ove ...Read More >
New Delhi: Wholesale prices stayed in deflation territory for the second straight month at 0.3% in November, as food articles, mineral oils, crude petroleum and natural gas were cheaper compared with a year earlier, official data released on Monday showed. The Wholesale Price Index (WPI), however, gained marginally from October, when it fell 1.2% on year, because of a seasonal uptick in the prices of some food items. Retail inflation, meanwhile, accelerated marginally to 0.71% in November from ...Read More >
New Delhi, Oct 31 (SocialNews.XYZ) The spending through unified payments interface (UPI) during the festival period (Dussehra to Diwali) increased to Rs 17.8 lakh crore, up from Rs 15.1 lakh crore from the previous year, a report said on Friday. In September, UPI witnessed a seasonally unadjusted month-on-month (MoM) increase of 2.6 per cent in value terms, the report from Bank of Baroda said. The UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of Sept ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
New Delhi, Oct 19 (SocialNews.XYZ) India's trade deficit is likely to remain manageable, as exports to other Asian partners such as China, Hong Kong and South Korea have been higher than last year, both in terms of growth as well as a proportion of total exports, according to a new report. Similarly, exports to European countries such as Spain and Germany too have shown significant traction this year. This is a huge positive and should support exports growth in the rest of the year as well, acc ...Read More >
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