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[ad_1] RBI Governor asked entities to be “judicious” in using flexibility on the interest rates. Mumbai: Stating that some Non Banking Finance Company-Microfinance Institutions (NBFC-MFIs) are making wider net interest margins, RBI Governor Shaktikanta Das on Wednesday asked entities to be “judicious” in using the flexibility on the interest rates they charge from borrowers. Speaking…
[ad_1] The central bank expects inflation to average 5.4% in 2023-24. Mumbai: India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday. “We are not…
[ad_1] RBI announced to withdraw the Rs 2,000 note on May 19 (Representational) Mumbai: Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8….
[ad_1] The RBI’s decision will be influenced by several factors New Delhi: The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants. The statement by RBI Governor Shaktikanta Das on Friday morning will be followed by a press conference. The three-day bi-monthly…
[ad_1] During 2022-23, India recorded a growth of 7.2 per cent. Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy,…
[ad_1] India’s annual retail inflation rose to 4.81% in June from 4.31% the previous month, government data showed on Wednesday, snapping four months of easing due to surging prices for vegetables. Food inflation, which accounts for nearly half of the overall consumer price basket, rose to 4.49% against a revised 2.96% in May. Erratic and…
[ad_1] “I don’t see any negative impact of the note recall on the economy at all,” the RBI Governor said. Mumbai: Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but…
[ad_1] Sovereign Gold Bond 2023-24: SGBs were introduced to reduce the demand for physical gold. The first tranche of Sovereign Gold Bond Scheme (SGB) 2023-24 will open for subscription today. The bond scheme, backed by the central government, has set the issue price at Rs 5,926 per gram of gold. The SGBs will be available…
[ad_1] RBI made clear borrowers who committed fraud will remain ineligible for restructuring New Delhi: Bank unions AIBOC and AIBEA have opposed the Reserve Bank’s move to allow lenders to settle loans of wilful defaulters under compromise settlement. The RBI’s recent ‘framework for compromise settlements and technical write-offs’ is a detrimental step that may compromise…
[ad_1] Policy response has to be powered by technological capital deepening, said MD Patra (representational) Mumbai: Reserve Bank Deputy Governor MD Patra has pitched for a multi-pronged policy response to reignite and sustain productivity and growth at a time when multiple factors which can influence the economy are at work. The policy response has to…