RBI

Shafaqna India: The Indian economy is expected to grow by 7.4 per cent in the current fiscal, maintaining its status as the world’s fastest-growing major economy despite punitive US tariffs …

Shafaqna India: Shrugging off concerns over the depreciation of rupee, the RBI has cut interest rate by 25 basis points to 5.25 per cent in a bid to further bolster economic …

Shafaqna India: The Supreme Court on Monday ordered a CBI probe into digital arrest scam cases across the country and asked the agency to also investigate the alleged role of bank …

As Amartya Sen reminds us, “development is not just growth; it is the freedom to live a life one values”. In India, this principle is tested as the nation balances …

Shafaqna India: The Reserve Bank of India’s Monetary Policy Committee on Wednesday decided to keep the policy repo rate unchanged at 5.5 per cent following a detailed assessment of the …

Shafaqna India: The Appointments Committee (ACC) of the Cabinet has approved the appointment of former RBI Governor and economist Urjit Patel to the post of Executive Director at the International Monetary …

Shafaqna India: A high-level parliamentary panel was informed on Thursday by RBI Governor Sanjay Malhotra that 1.12 lakh pieces of currency notes of Rs 500 denomination out of the total over …

The Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points — from 6.25 per cent to 6 per cent — marks the second successive …

Shafaqna India: The RBI on Wednesday slashed key interest rate by 25 basis points, for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed …

Shafaqna India:India’s economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest US tariffs, which would prompt deeper interest rate cuts by the central …

Shafaqna Inda: Former RBI Governor Shaktikanta Das who demitted office in December 2024 was on Saturday appointed the second Principal Secretary to Prime Minister Narendra Modi. The Appointments Committee of the …

Shafaqna India: THE Reserve Bank of India (RBI) has finally pulled the trigger on a much-anticipated rate cut, lowering the benchmark repo rate by 25 basis points to 6.25 per cent. …

Shafaqna India: Barely a week after the Centre cut personal income tax to boost consumption, the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) cut the repo rate, the …

THE Supreme Court’s ruling on improper loan sanctions by banks underscores a crucial flaw in India’s banking practices — the lack of robust title verification for mortgaged properties. This oversight …

A day after the Reserve Bank of India announced to withdraw Rs 2,000 denomination banknotes from circulation, Congress President Mallikarjun Kharge on Saturday slammed the government saying it had already …

Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year. The …

India’s foreign exchange market includes banks, corporate entities and foreign institutional investors. The average daily turnover hovers around $60 billion. In 1993, India moved to a market-determined rate of exchange …

Alphabet Inc’s (GOOGL.O) Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use of illegal digital lending applications …

The Supreme Court has asked various stakeholders, including the Centre, Niti Aayog, Finance Commission and the RBI, to come up with ‘constructive suggestions’ to deal with the widely prevalent practice …

India’s central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, …

RBI Deputy Governor Michael D Patra on Friday said the central bank will actively intervene in the market to prevent “jerky movements” of the rupee due to the current volatility …

After shooting up to a 95-month-high of 7.79 per cent in April, the Consumer Price Index (CPI)-based inflation — better known as retail inflation — dropped to 7.04 per cent …

Though drops in the Japanese yen and Chinese yuan are getting the global headlines, the all-time lows set by the Indian rupee may be the most troubling currency stumble of …

The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday.“We would like to inform one and all …

Avowed enemies who disagree on multiple regional issues, India and Pakistan are on the same page when it comes to dealing with cryptocurrencies. Their respective central banks have come down …

The country’s monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, RBI’s Deputy Governor Michael D Patra said on …

India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate to move flexibly …

Net profit at India’s largest privately-owned bank, HDFC Bank, grew 17.6% for the quarter ended September 30, on the back of robust growth in net interest income, fees and commissions. …

Ruling out any move to revise downwards its projected GDP growth rate for 2021-22 from 10.5%, the RBI said near-term prospects for the Indian economy have been brightened by the …

As India battles the economic fallout of the second wave of Covid-19, there is now a debate whether the central bank should print new currency to help the government add …