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India's foreign exchange reserves surge to touch another peak of USD 670.8
Updated : 1 year, 7 months ago IST
In the week that ended on July 19, the foreign exchange kitty rose by USD 4.19 billion to USD 670.857 billion, official data from the Reserve Bank of India (RBI) showed on Friday.
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RBI unveils new corrective action framework for Urban Co-operative Banks
Updated : 1 year, 7 months ago IST
For urban cooperative banks that are weak or are experiencing financial stress, the RBI had issued a supervisory action framework as an early intervention tool for bringing about desired improvements in those entities.
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RBI has proposed a higher liquidity coverage ratio for retail deposits
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding liquidity standards, as announced in the April monetary policy.
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Govt's timely interventions, RBI's measures helped maintain retail inflati
Updated : 1 year, 8 months ago IST
The global energy price index experienced a sharp decline in FY24. On the other hand, the Central Government announced price cuts for LPG, petrol, and diesel. As a result, retail fuel inflation stayed low in FY24, the Survey said.
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Fiscal consolidation with welfare measures, budget may see a mild increase
Updated : 1 year, 8 months ago IST
The fiscal buffer from the Reserve Bank of India's (RBI) excess dividend, amounting to 0.4 per cent of GDP, is likely to be disproportionately allocated towards the rural, farm, and welfare sectors, with a slight increase in capex.
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India's forex reserves hit record USD 666.85 Billion, driven by surging go
Updated : 1 year, 8 months ago IST
India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI).
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Microsoft outage brings essential services the world over to a standstill,
Updated : 1 year, 8 months ago IST
To a large extent, flight operations, banking services, financial services, and hospitals, among other key services, are disrupted globally due to an outage in Microsoft's cloud services. And India is not an exception.
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Only 10 banks/NBFCs had disruptions due to Microsoft outage: RBI
Updated : 1 year, 8 months ago IST
The Reserve Bank of India has asserted that its assessment showed that only 10 banks and NBFCs had minor disruptions due to the Microsoft outage. The disruptions reported in those entities have "either been resolved or are being resolved", RBI said in a statement.
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India to triple its electronic production by 2025-26: RBI
Updated : 1 year, 8 months ago IST
India's electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted the July 2024, monthly bulletin of the Reserve Bank of India(RBI),
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Household savings are moving to mutual funds from banks impacting their li
Updated : 1 year, 8 months ago IST
The households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI Governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.
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Too long a period for current food price shock to be termed as transitory,
Updated : 1 year, 8 months ago IST
Faced with food inflation remaining at elevated levels consistently, the Reserve Bank of India on Thursday said that it is too long a period for a food price shock to be termed as transitory.
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India may boost FY25 capex by 8-10 pc amid surging revenues and record RBI
Updated : 1 year, 8 months ago IST
This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (BSE) briefly surpassed USD 5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong.
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