Reserve Bank of India
Banks cannot perennially rely on RBI money to support credit offtake: Governor Shaktikanta Das
Fri, Aug 05, 2022
"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake they have to mobilise their own resources and funds," Das told reporters today
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RBI MPC: Affordable housing to get hit in near term, say experts; disposable income, pent-up demand to drive sector
Fri, Aug 05, 2022
Ramani Sastri - Chairman & Managing Director at Sterling Developers Pvt. Ltd said that the RBI move might have an immediate impact on home buying on a short-term basis
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RBI MPC: Banks with higher share of floating rates to do well in this higher interest rate regime, says Naveen Kulkarni of Axis Securities
Fri, Aug 05, 2022
Banks with a higher share of floating rates and a robust CASA-led deposit franchise should be placed well in this increasing interest rate environment as the current credit growth is looking up, Naveen Kulkarni , Chief Investment Officer (CIO) at Axis Securities opines.
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India's services sector growth falls to 4-month low in July amid high inflation and unfavourable weather
Wed, Aug 03, 2022
As per the survey, service providers that reported higher sales in July mentioned favourable demand conditions and fruitful advertising. However, growth was dampened by fierce competition and unfavourable weather, survey participants said.
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Indian economy resilient as manufacturing activity hits 8-month high despite concerns over interest rate hike
Mon, Aug 01, 2022
While both new orders and output grew at their fastest pace since November, both input and output prices increased at their slowest rate in several months in a further boost to demand.
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RBI monetary policy next week: Central bank may hike rate by 25-50 basis points, say experts
Sat, Jul 30, 2022
The Reserve Bank of India`s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to the estimates of various fund managers and economists.
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Unclaimed deposits Rs 48,262 cr in FY22: Rising steeply! RBI launches awareness campaign
Tue, Jul 26, 2022
According to RBI norms, balances in savings/current accounts that are not operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as "unclaimed deposits"
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Customers of THESE two cooperative banks barred from withdrawing cash
Tue, Jul 19, 2022
Customers of Karnataka-based Sri Mallikarjuna Pattana Sahakari Bank Niyamita and Maharashtra-based Nashik Zilla Girna Sahakari Bank will not be able to withdraw funds from their accounts with the RBI imposing restrictions on the lenders
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SBI hikes MCLR for second time in a month, EMIs set to go up; check latest rates
Thu, Jul 14, 2022
State Bank of India, the country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) across all tenures. The decision to hike MCLR will lead to an increase in EMIs for borrowers.
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Indian economy to grow 7.1-7.6%, reign as world's fastest-growing economy: Report
Wed, Jul 13, 2022
In its India's economic outlook - July 2022 report, leading consultancy Deloitte India said that as 2021 was coming to a close, there was optimism in the air but the optimism received a jolt early this year as a wave of Omicron infections swept through the country and Russia's invasion of Ukraine happened in February.
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RBI imposes restrictions on New Delhi-based Ramgarhia Co-op Bank
Fri, Jul 08, 2022
The RBI on Friday imposed several restrictions on New Delhi-based Ramgarhia Co-operative Bank, including a cap of Rs 50,000 on withdrawal per depositor, in view of the lender's deteriorating financial condition
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DEA Secretary Ajay Seth says RBI's well thought thorough measures keeping economy in good shape; says will impact foreign flows positively
Thu, Jul 07, 2022
Department of Economic affairs secretary Ajay Seth on Thursday said that a well thought thorough measures taken by the Reserve Bank of India (RBI) are helping keep economic affairs in check. See Zee Business Live TV Streaming Below:
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Big tech firms offering financial services pose risk to financial stability: RBI
Fri, Jul 01, 2022
Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the RBI has said.
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