Search For "monet"
"Elephant is walking slowly, but we are watchful" says RBI Governor on Inf
Updated : 2 years ago IST
"The elephant (Inflation) is walking very slowly, and we are watchful about this. It is around 4.9 per cent, 4.8 per cent and earlier it was 5 per cent. Our target is 4 per cent for inflation and we hope it goes the soon and most importantly it should stay there," said Das.
Read More
RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 2 years ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
Read More
RBI announces digital payments intelligence platform to check online fraud
Updated : 2 years ago IST
This platform, leveraging advanced technologies, aims to mitigate payment fraud risks and enhance the safety of digital transactions.
Read More
RBI revises GDP growth for FY25 to 7.2 pc, inflation target remains at 4.5
Updated : 2 years ago IST
The RBI has revised the GDP forecast for the current FY 24-25 to 7.2 per cent from 7 per cent earlier, and the CPI inflation is projected at 4.5 per cent.
Read More
RBI enhances contingent reserve buffer to 6.5 pc amid positive economic ou
Updated : 2 years ago IST
Governor Das addressed by referencing the provisional estimates released by the National Statistical Office (NSO), which placed India's real gross domestic product (GDP) growth at an impressive 8.2 per cent for the fiscal year 2023-24.
Read More
RBI Governor Shaktikanta Das unveils monetary policy: Repo rate unchanged
Updated : 2 years ago IST
The RBI's Monetary Policy Committee (MPC) maintained the status quo on the Repo Rate, keeping it unchanged at 6.5 per cent. The decision comes amidst a backdrop of economic uncertainties both domestically and globally.
Read More
RBI Governor Shaktikanta Das to announce monetary policy amid inflation co
Updated : 2 years ago IST
The Monetary Policy Committee (MPC), chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions amidst a challenging economic landscape.
Read More
European Central Bank cuts key interest rates, first since 2019
Updated : 2 years ago IST
The European Central Bank (ECB) cut the key interest rates for the first time in five years on Thursday. It reduced three key policy rates by 25 basis points (100 basis points is equal to 1 percentage point).
Read More
RBI MPC meets amid concerns of inflation, rate cut unlikely say economists
Updated : 2 years ago IST
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
Read More
Rajesh Chandiramani takes over as Comviva CEO to lead the next phase of gr
Updated : 2 years ago IST
New Delhi [India], June 3: Comviva, the global leader in customer experience and data monetization solutions, today announced that Rajesh Chandiramani has assumed the role of CEO and Whole-time Director, effective from 1st June, 2024. The timing of this leadership transition coincides with C
Read More
RBI imposes monetary penalty on Yes Bank and ICICI Bank
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it.
Read More
UK recovering faster than expected after slipping into technical recession
Updated : 2 years ago IST
With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023, said the International Monetary Fund (IMF).
Read More