Reserve Bank of India

Bank of India falls despite reporting 11% rise in Q4 consolidated net profit

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Bank Of India is currently trading at Rs. 124.95, down by 13.90 points or 10.01% from its previous closing of Rs. 138.85 on the BSE. The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 130.80 and Rs. 121.70 respectively. So far 4569785 shares were traded on the counter. The … Read more

Reserve Bank of India proposes tighter rules to govern lending to projects under implementation

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Reserve Bank of India

The Reserve Bank of India (RBI) has proposed tighter rules to govern lending to projects under implementation. The central bank’s draft rules include a classification of the projects as per their phase and higher provisioning of up to 5 per cent during the construction phase, even if the asset is standard. It can be noted … Read more

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