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.
Tue, Mar 07, 2023
The governor expressed the hope to link the UPI platform with many more countries as many have expressed keen interest in doing so.
Mon, Mar 06, 2023
The land which was directly purchased by the family members of Prasad from the sellers at a rate lower than the prevalent circle rate.
Fri, Mar 03, 2023
The RBI is expected to raise its repo rate to peak at 6.75% in April from 6.50% currently, according to a Reuters poll last week.
Thu, Mar 02, 2023
"The company was also not complying with the extant regulations pertaining to charging of excessive interest and had resorted to undue harassment of customers for loan recovery purposes," the RBI said.
Tue, Feb 28, 2023
India’s gross domestic product slowed down to 4.4% in the third quarter (October-December) of the financial year 2022-’23, government data showed on Tuesday. The growth rate has slowed down from 5.4% in the same quarter last year. However, in the current financial year, India's gross domestic product (GDP) is expected to grow at 7%. Watch this special report on India 360.
India GDP growth rate: An official reading of changes in the country's GDP in the quarter ended December 2022 is due later on Tuesday, February 28. According to Zee Business research, the economy is likely to have expanded 4.6 per cent in the period — the third quarter of the current financial year.
Tue, Feb 21, 2023
Why is US Fed President James Bullard's speech important? How much will interest rates increase in US? What is the risk of rate hike in June? How likely is RBI to increase interest rates in April? Know from Ajay Bagga, Chairman of Elyments Platforms.
Fri, Feb 17, 2023
The paper said it used quarterly macro-financial data on the US and Indian economy to shed light on the effects of US monetary policy actions as well as monetary policy uncertainty on the domestic economy.
Thu, Feb 16, 2023
The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).
Wed, Feb 15, 2023
The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process.
Sat, Feb 11, 2023
The apex court also asked the Centre to consider setting up a panel of domain experts headed by a former judge to look into strengthening the regulatory mechanisms.
Fri, Feb 10, 2023
Canara Bank's new RLLR will be 9.25 per cent after the rate cut, in comparison to the existing 9.40 per cent.
Thu, Feb 09, 2023
Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week
In the latest Reserve Bank of India MPC meeting, RBI Governor Shaktikanta Das, announced that QR code-based coin vending machines in 12 cities soon. This will enhance the ease of access to coins, and distribution of coins using machines.
Wed, Feb 08, 2023
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points, paving the way for banks and non-banking financial companies to increase interest rates on home, personal and other kinds of loans.
RBI Governor Shaktikanta Das announced in bi-monthly monetary policy meeting that RBI will be extending UPI facilities to inbound travelers for merchant payments, starting with G20 countries.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50%.
In the 50-stock Nifty50, 38 stocks gained while 12 declined. The top gainers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life and Bajaj Finance while the top losers were Larsen & Toubro, Eicher Motors, Bharti Airtel, Hero MotoCorp and Axis Bank
RBI Monetary Policy: RBI Governor Shaktikanta Das on Wednesday invoked Mahatma Gandhi and Netaji Subhas Chandra to boost citizens' confidence in India's growth story.
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