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Rupee112 rolls-out aggressive growth strategy; Targets Rs 1000 crore in re
Updated : 1 year, 10 months ago IST
New Delhi [India], May 16: Having launched its tailor-made and customer-centric innovative financial solutions, Rupee112, an RBI-registered lending non-banking financial company, has rolled out an aggressive growth strategy, targeting Rs1000 crore in revenue and disbursing 3lakh loans by Fy2
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India's wholesale inflation hits 13-month high in April, here is what expe
Updated : 1 year, 10 months ago IST
India's wholesale inflation rose to a 13-month high of 1.26 per cent in April 2024 (-0.8 per cent in April 2023) from 0.5 per cent in March 2024, led by fuel, food and core items, official data from the commerce ministry showed on Tuesday
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There will be two policy rate cuts by the RBI this fiscal: CRISIL
Updated : 1 year, 10 months ago IST
CRISIL's outlook on near term interest rate, expects two rate cuts by Reserve Bank of India (RBI) this fiscal. The outlook of the S&P global company CRISIL estimates real GDP growth of India to moderate to 6.8 per cent in this fiscal from 7.61 per cent last fiscal.
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MHA alerts against 'blackmail', 'digital arrest' by cyber criminals posing
Updated : 1 year, 10 months ago IST
Ministry of Home Affairs (MHA) on Tuesday issued a warning about cyber criminals who are engaged in 'blackmail' and 'digital arrest' while impersonating as officers from government agencies like NCB, CBI, RBI and other Law Enforcement Agencies as well as state and Union Territory Police.<
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India's retail inflation eases marginally in April; here's what experts ha
Updated : 1 year, 10 months ago IST
The retail inflation in India though is in RBI's 2-6 per cent comfort level but is above the ideal 4 per cent scenario. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory quite well.
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Indian Rupee to remain steady in near-term: Report
Updated : 1 year, 10 months ago IST
Even in May, it continued to trade in a tight range of 83.43-83.52 per US dollar amidst a lack of FPI inflows and dollar demand from oil companies, according to a report by the Bank of Baroda.
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Monsoon holds key for RBI's future monetary policy actions
Updated : 1 year, 10 months ago IST
As parts of India witness heatwaves this summer, chances of Reserve Bank of India (RBI) cutting key interest rates in have also diminished.
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India's forex reserves rise USD 3.7 billion in latest week
Updated : 1 year, 10 months ago IST
Post three consecutive weeks of decline, India's foreign exchange reserves rose again by USD 3.668 billion to USD 641.590 billion in the week that ended on May 3, RBI data showed.
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RBI appoints R Lakshmi Kanth Rao as new Executive Director
Updated : 1 year, 10 months ago IST
As Executive Director, Rao will look after Deposit lnsurance and Credit Guarantee Corporation, Right to lnformation Act (FAA), Department of Communication.
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RBI likely to transfer Rs 1 trillion to government in FY25
Updated : 1 year, 10 months ago IST
The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.
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RBI proposal of higher provisioning for under-construction projects will h
Updated : 1 year, 10 months ago IST
The Reserve Bank of India's (RBI) proposal to set aside 5 per cent of the loan for construction projects, which is significantly higher than the 0.4% that it used to be earlier, has raised the concerns of the builders. The proposal, however, also provisioned it to be lowered to 2.5% when the
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Dotgo partners with Vi Business to support their Rich Business Messaging S
Updated : 1 year, 10 months ago IST
Mumbai (Maharashtra) [India]/Berkeley Heights (New Jersey) [US], May 9: Dotgo, a leading provider of Rich Communication Services (RCS), has announced a strategic partnership with Vi Business, the enterprise arm of leading telecom operator, Vi. Under this partnership, Dotgo has been offering
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