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Former RBI Governor Shaktikanta Das appointed Principal Secretary II to Pr
Updated : 1 year ago IST
"The Appointments Committee of the Cabinet has approved the appointment of Shaktikanta Das, IAS (Retired) (TN:80) as Principal Secretary-2 to Prime Minister with effect from the date he assumes office," said the notification.
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SATYA MicroCapital Ltd. Re-appoints Former Executive Director, RBI - Surek
Updated : 1 year ago IST
New Delhi [India], February 22: During the course of its recently organized 2nd Extraordinary General Meeting (EGM), SATYA MicroCapital Limited has confirmed the appointment of Surekha Marandi, Former ED - Reserve Bank of India & renowned Financial Inclusion Expert as its Independent Dir
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Budget proposals on agriculture, fiscal consolidation commitment positive
Updated : 1 year ago IST
The budget proposals on agriculture and the commitment to fiscal consolidation, among others, are positive for price stability and would help to anchor inflation expectations over the medium term, RBI Governor Sanjay Malhotra said, as per the minutes of the latest monetary policy review meet
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Financial institutions must invest in digital infrastructure to stay compe
Updated : 1 year ago IST
Financial institutions must invest in digital infrastructure and adopt a data-driven, customer-centric approach to remain competitive in the evolving financial landscape, said M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI).
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Indian banks to face margin squeeze as RBI may go for more rate cuts
Updated : 1 year ago IST
NIMs at the six largest private and state-owned banks have been under stress as deposit rates caught up with lending rates over the past few quarters. However, strong credit demand has helped these banks maintain growth.
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High-frequency indicators show pick-up in economic momentum during H2-2024
Updated : 1 year ago IST
High-frequency indicators point towards a sequential pick-up in the momentum of economic activity during the second half of 2024-25, which is likely to sustain moving forward, RBI said on Wednesday in its monthly bulletin.
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Indian economy to grow between 6.2-6.3% in Oct-Dec quarter: SBI estimates
Updated : 1 year ago IST
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25. The quarterly growth was much lower than RBI's forecast of 7 per cent. In the April-June quarter too, India's GDP grew at a slower pace than was estimated by the central
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Indian Rupee likely to trade in 86.5-87.5/USD range in near term, RBI to k
Updated : 1 year ago IST
The Indian Rupee (INR) is expected to trade within the range of 86.5 to 87.5 per US dollar in the near term, with the Reserve Bank of India (RBI) likely to keep its intervention limited, according to a recent report by Bank of Baroda.
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India's inflation to average 4.8 per cent in 2025; decline in Jan opens ro
Updated : 1 year, 1 month ago IST
According to a report by Centrum Institutional Research, the recent decline in consumer price inflation (CPI) for January could provide the Reserve Bank of India (RBI) with enough room for another 25 basis points (bps) rate cut in the near future.
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India's forex reserves rise for third consecutive week
Updated : 1 year, 1 month ago IST
India's foreign exchange reserves extended their gains for the third straight week, after having slumped for about four months.
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RBI supersedes New India Cooperative Bank board for 12 months
Updated : 1 year, 1 month ago IST
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement Friday, a day after it imposed several restrictions on the lender.
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Panicky customers flock to New India Co-operative Bank branches after RBI
Updated : 1 year, 1 month ago IST
Account holders in thousands gathered outside Mumbai-headquartered New India Co-operative Bank Limited branches to withdraw their hard-earned savings, soon after the Reserve Bank of India put several restrictions on the lender.
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