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Registration for third edition of Reserve Bank's hackathon starts; check p
Updated : 1 year, 9 months ago IST
Winners across each problem statement would receive Rs 40 lakh. A special prize of Rs 20 lakh would be awarded to the best 'all-women team' (a team comprising only women members), across all four problem statements. A stipend of Rs 5 lakh has been announced per team shortlisted for solution
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Upward GDP projection and no change in interest rates welcomed by industry
Updated : 1 year, 9 months ago IST
Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
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Sensex touches all-time high, Nifty up 2 per cent on announcement of PM Mo
Updated : 1 year, 9 months ago IST
Indian markets continued their upward trend and Sensex touched all-time high after the Reserve Bank of India (RBI) announced on Friday that it would keep policy rates unchanged at 6.5 percent and Narendra Modi will again take oath of Prime Minister of India.
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"Elephant is walking slowly, but we are watchful" says RBI Governor on Inf
Updated : 1 year, 9 months 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.
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months 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.
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RBI announces digital payments intelligence platform to check online fraud
Updated : 1 year, 9 months ago IST
This platform, leveraging advanced technologies, aims to mitigate payment fraud risks and enhance the safety of digital transactions.
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RBI revises GDP growth for FY25 to 7.2 pc, inflation target remains at 4.5
Updated : 1 year, 9 months 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.
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RBI enhances contingent reserve buffer to 6.5 pc amid positive economic ou
Updated : 1 year, 9 months 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.
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RBI Governor Shaktikanta Das unveils monetary policy: Repo rate unchanged
Updated : 1 year, 9 months 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.
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Sensex, Nifty up ahead of RBI's policy, soars 81.57 and 38.50 points in ea
Updated : 1 year, 9 months ago IST
The benchmark BSE Sensex opened higher by 81.57 points, reaching 75,156.08, while the NSE Nifty began the session with a gain of 38.50 points, opening at 22,859.90.
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RBI Governor Shaktikanta Das to announce monetary policy amid inflation co
Updated : 1 year, 9 months 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.
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Rate cut expected in Q3FY25, liquidity management will be a challenge for
Updated : 1 year, 9 months ago IST
This projection stands out as an exception compared to the trend observed in other emerging economies, where central bank rate actions typically mirror those of advanced economies.
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