Search For "current account"
India's current account balance records surplus of USD 19.8 billion in Q1
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 30 (ANI): India's current account balance (CAB) recorded a surplus of USD 19.8 billion (3.9 per cent of GDP) in the April-June quarter (Q1) of 2020-21, Reserve Bank of India (RBI) said in a press release on Wednesday.
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Current account and forex reserve supporting Indian rupee: Ind-Ra
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Swelling of India's foreign exchange reserves in combination with benign oil prices and tepid imports have led to a current account surplus and helped the Indian rupee to remain broadly stable since mid-March, India Ratings and Research (Ind-Ra) s
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India's current account balance records marginal surplus during Q4 of 2019
Updated : 5 years, 11 months ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) has recorded a marginal surplus of USD 0.6 billion, which is 0.1 per cent of GDP, in the fourth quarter i.e. January-March 2020, the Reserve Bank of India (RBI) said on Tuesday.
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IndusInd Bank launches mobile app based facility for opening current accou
Updated : 5 years, 12 months ago IST
Mumbai (Maharashtra) [India], June 4 (ANI): Private sector lender IndusInd Bank on Thursday announced the launch of a mobile application based facility to open current accounts for self-employed individuals and businesses digitally in a few hours.
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India's growth to slow to 4 pc in FY20, recover to 6.2 pc in FY21
Updated : 6 years, 2 months ago IST
Manila [The Philippines], April 3 (ANI): The Asian Development Bank (ADB) projects India's gross domestic product (GDP) will slow to 4 per cent in the fiscal year 2020 ending on March 31, 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19)
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Survey pins hope on GST revenue collections to rein in fiscal deficit
Updated : 6 years, 4 months ago IST
New Delhi [India], Jan 31 (ANI): The Economic Survey for 2019-20 released on Friday said that drop in fixed investment by households from 14.3 per cent to 10.5 per cent explains most of the decline in overall fixed investment between 2009-14 and 2014-19.
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Kotak Mahindra Bank reports 24 pc jump in Q3 net profit at Rs 1,596 crore
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Jan 20 (ANI): Kotak Mahindra Bank said on Monday its standalone profit after tax totalled Rs 1,596 crore during the third quarter of current financial year (Q3 FY20), up 24 per cent on a year-on-year basis.
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Ind-Ra slashes FY20 GDP growth forecast for fourth time to 5.6 pc
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 26 (ANI): India Ratings and Research (Ind-Ra) on Tuesday revised its GDP growth forecast for the current financial year (FY20) to 5.6 per cent.
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Withdrawal limit should be increased: Eknath Gaikwad on PMC Bank crisis
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 19 (ANI): Congress leader Eknath Gaikwad on Tuesday wrote a letter to Maharashtra Governor Bhagat Singh Koshyari over the PMC Bank crisis and suggested that the Reserve Bank of India should increase the withdrawal limit to Rs 2 lakh per month for saving acco
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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Sovereign borrowing in foreign currency should be accompanied by well-craf
Updated : 6 years, 9 months ago IST
New Delhi [India], Aug 11 (ANI): If India opts for sovereign borrowing in foreign currency, the move should be accompanied by a well-crafted policy and special safeguard as the foreign exchange reserve is an accumulation of capital account surplus rather than current account, according to
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Current account deficit to print at $16-17 billion in Q1 FY20: ICRA
Updated : 6 years, 10 months ago IST
New Delhi [India], July 21 (ANI): India's current account deficit (CAD) is expected to remain largely steady at 16 billion to 17 billion dollars or 2.3 per cent of GDP in the first quarter (April to June) of the current fiscal year 2019-20 despite recent contraction in merchandise exports an
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