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Reserve Bank of India (RBI)

Private consumption driving growth in Q3 with rural India taking lead: RBI

Private consumption driving growth in Q3 with rural India taking lead: RBI

Thu, Nov 21, 2024

It also states that FMCG and auto companies have been stepping up ad spends to revive demand. Direct-to-consumer (D2C) brands are scrambling for funds to expand their presence and increase sales through quick-commerce (q-com) platforms – an ecosystem valued at over $5 billion and projected to reach $30 billion by 2029-30.

Urban cooperative banks need to evolve digitally: RBI Deputy Governor

Urban cooperative banks need to evolve digitally: RBI Deputy Governor

Thu, Nov 14, 2024

Reserve Bank of India (RBI) Deputy Governor Swaminathan J on Thursday stressed the need for urban cooperative banks to evolve digitally, addressing IT and cybersecurity gaps as he highlighted the importance of improving the liquidation process to protect depositors' interests.

Star India to make web series on Reserve Bank

Star India to make web series on Reserve Bank

Mon, Nov 11, 2024

Star India will make a web series on the Reserve Bank of India's 90-year-long journey to help people have a better understanding about the central bank's vital role in the country's fast-growing economy.

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Panama Papers: Mumbai, Delhi lead with maximum addresses

Panama Papers: Mumbai, Delhi lead with maximum addresses

Tue, May 10, 2016

42 intermediaries--A go-between for someone seeking an offshore corporation and an offshore service provider -- usually a law-firm or a middleman that asks an offshore service provider to create an offshore firm for a client--were also linked to these Indian companies and individuals.

Panama Papers: SC issues notice to RBI, SEBI on probe against offshore account holders

Panama Papers: SC issues notice to RBI, SEBI on probe against offshore account holders

Mon, May 09, 2016

The apex court also issued notice to the Centre as well as to the CBI in this regard.

Here's your chance to intern with the Reserve Bank of India!

Here's your chance to intern with the Reserve Bank of India!

Mon, May 09, 2016

The Reserve Bank of India has introduced a research internship scheme to give newly-graduated students a chance to learn the nuances of central banking.

RBI's push for unified payments system to make mobile wallets redundant: Report

RBI's push for unified payments system to make mobile wallets redundant: Report

Sun, May 08, 2016

"If the UPI adoption continues mobile wallets like SBI's Buddy, ICICI Bank's Pockets, HDFC Bank's Chillr and Paytm will be redundant," said the report.

Very happy to make defaulters list public: Raghuram Rajan

Very happy to make defaulters list public: Raghuram Rajan

Sun, May 08, 2016

"We are very happy to make that list public. In fact my people are working on making sure that we can put that list up in an accessible way," said Rajan.

RBI no paper tiger, compliance to norms a must for taxi apps: Raghuram Rajan

RBI no paper tiger, compliance to norms a must for taxi apps: Raghuram Rajan

Sun, May 08, 2016

Rajan warned taxi hailing apps that compliance to regulation is a must no matter if it is good, bad or ugly.

8 things you should know about RBI's Universal Banks' licence

8 things you should know about RBI's Universal Banks' licence

Thu, May 05, 2016

The apex bank has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large.

Bank credit grows at 9.7% in December quarter: RBI

Bank credit grows at 9.7% in December quarter: RBI

Wed, May 04, 2016

The proportion of credit in terms of amount outstanding to industry was highest at 42 per in reporting quarter.

Paytm may begin payments bank operation in August

Paytm may begin payments bank operation in August

Tue, May 03, 2016

The Noida-headquartered company had received an in-principle approval from RBI to set up a payments bank in August last year.

Indian manufacturing sector activity drops to 4-month low in April as new orders stagnate

Indian manufacturing sector activity drops to 4-month low in April as new orders stagnate

Mon, May 02, 2016

Following three consecutive months of growth, Indian manufacturers saw incoming new orders broadly stagnate in April.

Economic downturn one of many reasons for rising bad loans: Raghuram Rajan

Economic downturn one of many reasons for rising bad loans: Raghuram Rajan

Sun, May 01, 2016

Not satisfied with earlier response, Public Accounts Committee (PAC) has examined Rajan's response but can ask the RBI Governor to appear before it in future once it is reconstituted

Cholamandalam Investment's Q4 net profit rises 42% to Rs 192 crore

Cholamandalam Investment's Q4 net profit rises 42% to Rs 192 crore

Sat, Apr 30, 2016

For the full year 2015-16, the company's profit after tax was up 31% to Rs 568 crore from Rs 435 crore posted last year.

Microfinance firm Ujjivan's Rs 885-crore IPO to open on Thursday

Microfinance firm Ujjivan's Rs 885-crore IPO to open on Thursday

Wed, Apr 27, 2016

The public issue of Ujjivan, which is scheduled to close on May 2, comprises fresh issuance of shares worth Rs 358.16 crore and an offer for sale of up to 24,968,332 shares by the existing shareholders.

Axis Bank stocks down nearly 5% after lacklustre Q4 show

Axis Bank stocks down nearly 5% after lacklustre Q4 show

Wed, Apr 27, 2016

The third-largest private sector lender, on Tuesday negatively surprised markets with a 1% drop in March quarter profit at Rs 2,154 crore on higher provisions and set aside money in a buffer expecting deterioration in asset quality in future.

Rajan's call to developers to cut housing prices fall on deaf ears, naturally

Rajan's call to developers to cut housing prices fall on deaf ears, naturally

Wed, Apr 27, 2016

There has been a low demand for houses in the residential property market which has left the real estate developers with an unsold inventory.

Steel cos, Kingfisher Airlines on top of RBI's defaulters list

Steel cos, Kingfisher Airlines on top of RBI's defaulters list

Tue, Apr 26, 2016

This defaulters list, that Reserve Bank of India Governor Raghuram Rajan so fiercely protected to be made public, has been outed by Newslaundry--a news portal.

Reduce price to attract more buyers, Raghuram Rajan's advice to real estate developers

Reduce price to attract more buyers, Raghuram Rajan's advice to real estate developers

Tue, Apr 26, 2016

"I am hopeful that as interest rates come down, there will be more credit and buying. And I am also hopeful that prices adjust in a way that encourage people to buy," Rajan said

Deep discount model of startups cannot be viable in long run, warns Raghuram Rajan

Deep discount model of startups cannot be viable in long run, warns Raghuram Rajan

Tue, Apr 26, 2016

The RBI Governor was quick to acknowledge that many businesses are in different stages of their life-cycle with some trying to establish the viability.

Govt must provide more capital to support PSBs in near term: Moody's

Govt must provide more capital to support PSBs in near term: Moody's

Mon, Apr 25, 2016

They could see negative pressure on their credit profile if the government does not revise upwards its capital infusion plans, said the Moody's report

Reliance Industries: Nearly one-third of income came from treasury

Reliance Industries: Nearly one-third of income came from treasury

Sun, Apr 24, 2016

The company has recorded a high net income of Rs 27,680 crore in the fiscal ended March 31, 2016.

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