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Premature pause in monetary policy action would be costly error: RBI Gover
Updated : 3 years, 3 months ago IST
Raising interest rates typically cool demand in the economy, thereby putting a brake on inflation.
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RBM Infracon brings its IPO of Rs 837 lakhs on 23rd December to be listed
Updated : 3 years, 3 months ago IST
New Delhi [India], December 21 (ANI/PNN): RBM Infracon Limited, engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment brings its IPO of 2,325,000 shares aggregating Rs 837 lakhs.
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Inflation in India down but 'certainly not out': RBI monthly bulletin
Updated : 3 years, 3 months ago IST
Inflation in India has moderated recently but it is "certainly not out", said the Reserve Bank of India's monthly bulletin released on Tuesday, adding that the price rise has "broadened and become stubborn".
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Asiaville presents Veerappan: Chasing the Brigand, a Thrilling True-crime
Updated : 3 years, 3 months ago IST
Chennai (Tamil Nadu) [India], December 20 (ANI/NewsVoir): Asiaville, a leading creator economy venture is thrilled to announce the launch of a new true-crime podcast, Veerappan: Chasing the Brigand (rb.gy/qbauf3), on the Audible service.
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RBI's central board reviews economic situation, global and domestic challe
Updated : 3 years, 3 months ago IST
The board at its meeting also reviewed global and domestic challenges including geopolitical developments, finance and trade.
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Razorpay abides by RBI advisory to pause onboarding online merchants; comp
Updated : 3 years, 3 months ago IST
The Reserve Bank of India has suggested that fintech solutions firm Razorpay temporarily pause onboarding fresh merchants and the central bank has asked it to share additional details for the finalization of the payment aggregator and payment gateway licensing.
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Raghuram Rajan says, "We will be lucky if we get 5 per cent growth next ye
Updated : 3 years, 3 months ago IST
While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, "India is also going to be hit. India's interest rates have also gone up but Indian exports have been slowing quite a bit."
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RBI Governor interacts with FinTechs and industry associations
Updated : 3 years, 3 months ago IST
In his introductory remarks, the RBI Governor stated that FinTech initiatives and start-ups are important segments of aspirational India.
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No Rs 2,000 notes printed from 2018-19, govt tells Parliament
Updated : 3 years, 3 months ago IST
The printing of banknotes of particular denominations is decided by the government in consultation with the Reserve Bank of India (RBI).
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'Loans worth Rs 1,74,966 cr written off in 2021-22': MoS Finance Bhagwat K
Updated : 3 years, 3 months ago IST
The Union Minister of State for Finance, Bhagwat Karad on Tuesday informed the Rajya Sabha that loans worth Rs 1,74,966 crores were written off by scheduled commercial banks (SCBs) in the last financial year and Rs 33,534 crores were recovered from written-off loans in the last financial yea
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RBI report on inflation mandate failure cannot be made made public, govern
Updated : 3 years, 3 months ago IST
Union minister of state in the ministry of finance Pankaj Chaudhary on Monday informed Lok Sabha that the relevant section of the RBI Act, 1934, does not provide provisions to the Reserve Bank of India for making the report, which was written to the Centre after having failed to fulfil its i
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USD33.42 bn sales in Apr-Sep FY 23 by RBI to contain Rupee fall: Sitharama
Updated : 3 years, 3 months ago IST
Typically, the RBI from time to time intervenes in the markets through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.
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