Tue, Dec 03, 2024
Banks should adopt a "bottom-up" approach for preparing credit plans to fulfil fund requirements for different segments in districts, RBI Deputy Governor Swaminathan J has said.
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Mon, Dec 02, 2024
What does India's latest GDP reading mean for the economy? Is it in line with the Q2 corporate earnings? Can you expect a recovery in the rate of economic growth going forward? Read on to learn more about these aspects as India waits the calendar year's last RBI policy statement due on December 6.
Sun, Dec 01, 2024
It was widely anticipated that the RBI would start reducing the benchmark interest rates soon but the central bank will have little option this time around as the latest print of retail inflation is above 6 per cent.
Mon, Jan 01, 2024
Some of the banks have also deployed AI solution to manage compliance requirements, which are routine, for identification of patterns in transactions or payments to detect money laundering attempts or for facilitating cross-border transactions and settlements, he said.
Sun, Dec 31, 2023
The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
Fri, Dec 29, 2023
Recently, the RBI, to mitigate the heightened systemic risk amid the unprecedented growth in unsecured loans, has increased the risk weights associated with unsecured loans by 25 per cent for both banks as well as NBFCs.
Thu, Dec 28, 2023
While ICICI Bank remained in the same bucketing structure as last year, SBI and HDFC Bank were moved to higher buckets, according to the RBI.
Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI's Financial Stability report released on Thursday.
RBI Governor Shaktikanta Das, who is into the last year of his second three-year term at the helm of the central bank, has been steadfast in highlighting the need to get the inflation down to 4 per cent on a durable basis
Mon, Dec 18, 2023
Private sector banks were fined Rs 12.17 crore while public sector banks (PSBs) were levied penalties of Rs 3.65 crore, foreign banks Rs 4.65 crore, and NBFCs ended paying up Rs 4.39 crore.
Wed, Dec 13, 2023
At the interbank foreign exchange market, the local unit opened at 83.39 and gained slightly to trade at 83.38 against the greenback, down 1 paisa from its previous close.
Tue, Dec 12, 2023
The RBI noticed that banks actively used the SDF and MSF option and pointed out the same in the policy meeting then.
Fri, Dec 08, 2023
However, a concomitant outcome of this is that web aggregators may not be allowed to increasingly control the digital lending eco-system in a surreptitious manner,” Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities commented.
. India’s foreign exchange reserves stood at $604 billion as of December 1, 2023.
In a major decision, the RBI on Friday announced to raise the UPI payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh.
For the banking sector, the RBI, in its monetary policy outcome on Friday, December 8, decided to take on the path of reversal of liquidity facilities under both SDF and MSF even during weekends and holidays, with effect from December 30, 2023.
RBI Monetary Policy HIGHLIGHTS, RBI MPC Meet Dec 2023, Repo Rate: RBI Governor Shaktikanta Das announced a status quo on the repo rate, as widely expected, in the MPC's last scheduled policy review of 2023. Catch all the highlights here.
Thu, Dec 07, 2023
Even as the three-day RBI MPC meeting has started on Wednesday, all eyes are on the interest rate-setting panel’s decision on Friday. Experts, however, expect a status quo on the key policy rates as inflation is gradually coming closer to the RBI’s target level and economic growth is picking up. RBI Governor Shaktikanta Das-headed Monetary Policy Committee has begun its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on the last day of the meeting--December 8 (10.00 AM).
Paytm share price NSE: The sharp cut in the stock is triggered after the payments company has decided to increase the disbursal of high-value loans.
Mon, Dec 04, 2023
The Indian economy has been running full steam ahead, as various high-frequency data such as GST collection, IIP data, Core Sector Data, PMI etc., all are near multi-year highs which firmly proves that despite the turmoil in the global macroeconomic environment, the growth story of India is on track to drive the global economy.
Fri, Dec 01, 2023
Consequently, while it becomes more expensive for financial institutions to lend in these segments, the borrower will also have to bear the brunt of higher interest rates.
Sat, Nov 25, 2023
The auctions, scheduled for December 1, will be facilitated by the Reserve Bank of India (RBI) at its Mumbai Office.
Fri, Nov 24, 2023
SBI Card share price: The brokerage firm InCredit Equities pointed out in its report that while private banks will see an impact of around 5 per cent of the net loans, SBI Card will see a 100 per cent impact.
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