Reserve Bank of India
RBI Monetary Policy: CPI inflation estimated at 5.3% for FY22, 4.5% in FY23; softening seen with moderation in Omicron, supply side pressure
Thu, Feb 10, 2022
CPI inflation is expected to peak in Q4 of FY22 but is expected to say with the tolerance band of 4+/-2 per cent, RBI Governor Shaktikanta Das today said while delivering his Monetary Policy announcements
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Real GDP growth projected at 7.8% for FY23, RBI Governor Shaktikanta Das says
Thu, Feb 10, 2022
India’s real Gross Domestic Growth (GDP) rate for the financial year FY2023 is projected at 7.8 per cent. Reserve Bank of India (RBI) Governor Shaktikanta Das said today while announcing the key policy rates. He was speaking during a conference after the conclusion of the three-day Monetary Policy Committee (MPC) meeting which began on Tuesday.
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India takes a different recovery route from world, RBI Governor Shaktikanta Das says; country to be fastest growing economy
Thu, Feb 10, 2022
RBI Governor Shaktikanta Das said on Thursday that India is charting a different course of recovery than the rest of the world to become the fastest-growing economy.
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Foreign investors reduce stake in over 70% companies in Sensex in Q3; FIIs are booking profits: Experts
Wed, Jan 26, 2022
FIIs have remained net sellers in the Indian markets for the quarter ended December 2021 pulling out more than Rs 1 lakh cr in the cash segment of Indian equity markets in the October-December period.
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PMC Bank branches to operate as Unity SFB; government gives nod for amalgamation
Wed, Jan 26, 2022
The union government on Tuesday had notified the scheme of amalgamation of the PMC Bank and the Unity SFB with effect from January 25, the bank's depositors can now withdraw their money in a phased manner or continue to have their accounts with the new entity.
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RBI imposes penalties on 8 cooperative banks for deficiencies in their regulatory compliances
Mon, Jan 24, 2022
A penalty of Rs 4 lakh has been imposed on The Associate Co-operative Bank Ltd, Surat (Gujarat) for contravention of directions on 'Loans and advances to directors, relatives and firms/concerns in which they are interested', and non-compliance with the Master Directions on KYC
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Dalal Street Voice: We expect Rs 1.5-2 lakh cr. more worth of IPOs pipeline in 2022: Rajesh Cheruvu of Validus Wealth
Mon, Jan 17, 2022
In an interview with Zeebiz's Kshitij Anand, Cheruvu believes that in CY22 big companies like LIC, GoAir etc. are on the cards. Overall ~Rs. 1.5-2Lakh cr. more worth of IPOs are in the pipeline expected for 2022.
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Issues related to cards, net banking, fair practices top complaint grounds at banking ombudsman: RBI
Wed, Jan 12, 2022
RBI has released the Annual Report of the Ombudsman Schemes for the year 2020-21, which has been prepared for the nine-month period from July 1, 2020, to March 31, 2021, in alignment with the change in the financial year of the RBI from 'July-June' to 'April-March' with effect from July 1, 2020
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Covid 19 - Finance Minister Nirmala Sitharaman reviews readiness of state-run banks to tackle any Omicron-induced disruption
Fri, Jan 07, 2022
Finance Minister Nirmala Sitharaman has convened a meeting with the heads of public sector banks on Friday to review their preparations to deal with any potential disruptions caused by the Omicron variant, as per the PTI report.
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RBI issues eligibility norms for entities harnessing credit bureau data - Check the guidelines
Thu, Jan 06, 2022
These newly-formed guidelines said that a company's net worth must be at least Rs 2 crore and owned and controlled by resident Indian citizens to become a designated user with a credit bureau, which comes amid accusations of lending applications with Chinese ties functioning in India.
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Dalal Street Voice: Markets can potentially give double-digit returns in 2022: Yesha Shah of Samco Securities
Tue, Jan 04, 2022
Though markets can potentially give double-digit returns in 2022, it is unwise to expect that the markets will run up as swiftly, Yesha Shah said in an interview with Zeebiz’s Kshitij Anand.
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RBI allows offline digital payments: Framework issued - no internet or telecom connectivity required
Mon, Jan 03, 2022
To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.
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