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Brickwork Ratings (BWR) approved by RBI for Bank Risk-Weighting Claims
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 16: The Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
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Industrial activity is expected to gain support from domestic consumption
Updated : 1 year, 8 months ago IST
The Index of Industrial Production (IIP) increased by 5.9 per cent year-on-year in May, up from 5.0 per cent in April, reflecting a healthy surge in industrial activity.
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RBI mandates banks to set up committees for inspection of fraud cases afte
Updated : 1 year, 8 months ago IST
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
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Niavara: Kolkata's Skyline Gets a Glamorous Makeover!
Updated : 1 year, 8 months ago IST
Kolkata (West Bengal) [India], July 15: Move over, City of Joy - there's a new joy in town, and it's called Niavara. This architectural showstopper, dreamed up by globally renowned architect, Ricardo Bofill of RBTA, isn't just adding a pretty face to Kolkata's skyline; it's rewriting the ru
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"RBI's numbers have broken false narrative of those who used to speak on u
Updated : 1 year, 8 months ago IST
"During the last 4-5 years, despite the pandemic, there has been record generation of employment. According to RBI, in the last 3-4 years the country has generated employment for 8 crore people. These numbers have broken the false narrative of those who used to speak about unemployment,"
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"Our economy is looking up...": Vice President Jagdeep Dhankar
Updated : 1 year, 8 months ago IST
Vice President Jagdeep Dhankar said on Saturday that he has no doubt that India's economy is looking up, as just in a decade, the country has taken a jump from slot number eleven to five.
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India can become world's second-largest economy by 2031: RBI Dy Governor P
Updated : 1 year, 8 months ago IST
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
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Food inflation will moderate soon, higher inflation may delay rate cut: Ex
Updated : 1 year, 8 months ago IST
After the retail inflation data showed that food inflation in June almost doubled year-on-year to 8.3 percent, economic experts are optimistic that food inflation will decrease in the coming months.
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Food inflation almost doubled in June (YoY) at 8.36pc
Updated : 1 year, 8 months ago IST
Rising food prices continued to be a headache for Indian consumers with the inflation rate in the food segment almost doubling year-on-year in June.
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India's foreign exchange reserves surge to touch fresh peak of USD 657.2 b
Updated : 1 year, 8 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen about USD 35 billion, on a cumulative basis.
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Crude prices to average at USD 83-88 in FY25, may increase govt fiscal bur
Updated : 1 year, 8 months ago IST
The average crude oil prices are expected to surge in the fiscal year 2025 as compared to the previous year, highlights a report by Crisil.
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Jio Financials gets RBI nod to become Core Investment Company
Updated : 1 year, 8 months ago IST
Jio Financial Services has received the nod from the Reserve Bank of India (RBI) to convert into a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC).
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