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RBI Gov Das stresses on price stability as key to economic planning and gr
Updated : 1 year, 4 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday highlighted a crucial role of price stability as the foundation for sustained economic growth during his address at the "High-Level Policy Conference of Central Banks from the Global South.
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Effective fiscal-monetary coordination was core for India's success amid a
Updated : 1 year, 4 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
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MMAD Communications Unveils RBI-Approved Payment Aggregator Services Under
Updated : 1 year, 4 months ago IST
New Delhi [India] November 19: MMAD Communications, a leading technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand 'Mpay', post its receiving final authorization to this effect from the Reserve Bank of India (RBI). Mpay will enable
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SBI to open 500 new branches in the Financial year 2025, says Nirmala Sith
Updated : 1 year, 4 months ago IST
State owned banking PSU, State Bank of India (SBI) will open 500 new branches in the financial year (FY) 2025, Union Finance Minister Nirmala Sitharaman said on Monday.
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India's forex reserves decline for sixth straight week by USD 6.4 billion
Updated : 1 year, 4 months ago IST
India's foreign exchange (forex) reserves dropped for a sixth consecutive week to hit a near three-month low of USD 675.65 billion as of November 8, data from the Reserve Bank of India (RBI) showed on Friday, November 15.
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Mumbai: Hoax threat call to RBI customer care dept, case registered
Updated : 1 year, 4 months ago IST
A hoax threat call was received by the customer care department of the Reserve Bank of India (RBI) in Maharashtra's Mumbai.
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Rate cut unlikely even in February, inflation to dip January onwards: SBI
Updated : 1 year, 4 months ago IST
The interest rate cut by Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
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Vegetable prices sky-rocket in October, food inflation at 10.87%, CPI at 6
Updated : 1 year, 4 months ago IST
India's retail inflation was at 6.21 per cent in October, breaching the Reserve Bank of India's 6 per cent upper tolerance level.
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Despite revoking GSP status in Trump 1.0, India-US trade surged, Trump 2.0
Updated : 1 year, 4 months ago IST
Despite losing Generalized System of Preferences (GSP) status under the Trump administration's first term, India's trade with the United States demonstrated notable resilience and growth, highlighted a report by State Bank of India.
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FPI can go beyond 10% in listed company by reclassifying investment as FDI
Updated : 1 year, 4 months ago IST
The Reserve Bank of India on Monday announced that a foreign portfolio investor (FPI) investing in excess of the prescribed 10 per cent limit in a company, shall have the option of divesting their holdings or reclassifying such holdings as foreign direct investment (FDI).
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FDIs may shift to US under Trump 2.0 but it won't impact FDIs inflow to In
Updated : 1 year, 4 months ago IST
India could see a shift in foreign direct investment (FDI) trends in the second term of Donald Trump (Trump 2.0) as President of the United States, says a research report by State Bank of India.
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CPI inflation is likely to breach 6% in October: UBI report
Updated : 1 year, 4 months ago IST
The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent t
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