New Delhi, June 27 (IANS) The increase in prepaid payment instruments transactions could lead to higher than expected growth in wallet transactions and revenue for Paytm, says a Goldman Sachs report The Reserve Bank of India (RBI) on June 24 released
Chennai, June 21 (IANS) The Reserve Bank of India (RBI) on Tuesday extended the timeline for implementation of certain directions relating to credit and debit card business. The RBI, in a notification, said on receipt of representations from the industry stakeholders,
Reserve Bank of India Governor Shaktikanta Das, while estimating India’s overall retail inflation for FY23 at 6.7 per cent, said that the 75 per cent of the increase in inflation projections can be attributed to the food group. New Delhi,
The Reserve Bank of India on Wednesday raised the repo rate by 50 basis points to 4.9 per cent to tame the rising inflation, which has been now above RBI’s 6 per cent tolerance level for four months in a
Taking into account the increase in prices since the housing loan limits were last revised and considering the customer needs, central bank Reserve Bank of India decided to increase the existing limits on individual housing loans by the cooperative banks.
Close on the heels of the Reserve Bank of India (RBI) recent hike in repo rate by 40 basis points, besides giving indications it would raise further in the upcoming monetary policy review meets, several Indian lenders too have raised
India’s economic recovery from the pandemic shock has sustained in FY22 and the momentum is expected to broadly continue through the ongoing FY23, though with risks of downside from the geopolitical shock and its spillovers, said the RBI’s Annual Report
The size of the Reserve Bank of India’s (RBI) balance sheet increased by 8.46 per cent as on March 31, 2022, mainly reflecting its liquidity and foreign exchange operations during the entire fiscal year. New Delhi, May 27 (IANS) The size
Chennai, May 23 (IANS) India’s central bank is mulling further rate hikes, said its Governor Shaktikanta Das. He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market. In
The Reserve Bank of India on Friday said its Board approved the transfer of Rs 30,307 crore surplus as dividend to the Centre for the accounting year FY22. New Delhi, May 20 (IANS) The Reserve Bank of India on Friday said
The Reserve Bank of India (RBI) has rejected the applications of UAE Exchange and Financial Services Limited, The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank), Chaitanya India Fin Credit Private Limited and Pankaj Vaish and others for setting
SBI Research expects the central bank, Reserve Bank of India (RBI), to raise key policy rates both in its June and August policy meeting by a cumulative 75 basis points. New Delhi, May 13 (IANS) SBI Research expects the central bank,
The Reserve Bank of India’s (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said, adding that it came as a surprise only because it was
Interest rate hike for Term Deposits up to Rs 10 crore comes as a direct result of the RBI increasing its repo rates. Delhi, Friday, May 7, 2022: Punjab National Bank (PNB), a leading Public Sector Bank in India, has
The decision to hike policy rate will be ultimately good for the banking sector as the risk is getting re-priced properly, SBI’s Economic Research Department said in a report. New Delhi, May 5 (IANS) The decision to hike policy rate will
The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday. Mumbai, April 12 (IANS) The trading hours of various markets
The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday. Mumbai, April 12 (IANS) The trading hours of various markets
New Delhi, April 08: In line with market expectations RBI Monetary policy Committee, kept the repo rate unchanged at 4% and continued with accommodative stance. Given the current Geopolitical situation the increasing inflation projections and reducing growth outlook was also
Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Friday raised India’s retail inflation rate projection for FY23. Accordingly, inflation projection for 2022-23 has been raised to 5.7 per cent from an earlier estimation of 4.5 per cent In
Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23. Besides, the growth-oriented accommodative stance was also retained. Accordingly, the Monetary Policy Committee (MPC) of the
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