The National Statistics Office in its first advance estimates projected the country's economy to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's banking sector as a whole has emerged stronger from the unprecedented challenges of the recent COVID-19 pandemic and the subsequent geopolitics.
Former RBI governor Raghuram Rajan on Sunday said services and the manufacturing sectors have an equal and important role to play in India's growth story, adding that the services sector should not be given 'stepchild treatment'.
The 605th meeting of the Central Board of Directors of Reserve Bank of India was held on Monday in Gujarat's Kevadia under the Chairmanship of Governor Shaktikanta Das.
Chief Minister Revanth Reddy met former Reserve Bank of India (RBI) Governor Raghuram Rajan at the latter's Jubilee Hills residence in Hyderabad on Sunday.
The Sensex marked a 5.43-point downturn, closing at 66,017.81, while the Nifty followed suit with a 9.85-point decline, settling at 19,802.00. Among Nifty companies, 25 witnessed advances, while 25 faced declines.
Reserve Bank of India governor Shaktikanta Das on Wednesday once again called upon banks and non-banking financial companies (NBFCs), among other financial entities to continue to do stress testing of their books.
Das said, "The global economy continues to face multiple macroeconomic and geopolitical shocks. The prediction of a global recession has not come true but there are indications that global growth is slowing down amid tightening financial conditions and still elevated inflation. Even as the f
He posted on X, "The Congress would have us believe that the BJP government is responsible for the NPA crisis, but former RBI governor Raghuram Rajan, an ally of the Congress, was unambiguous in ponting out that many of the problematic loans originated during Congress-led UPA era. Banks were
Addressing a gathering in Delhi, Governor Das highlighted the complexity of the current economic landscape, stating, "There is a multiplicity of factors. The dollar index has become quite strong. The bond yields in the US have reached an all-time high, but, if you look at the volatility of t
Highlighting the hurdles that have become increasingly prevalent on the global economic horizon, Das said, "The global economy is now facing a tirade of challenges. First, slow moderation in inflation, which is getting interrupted by recurring and overlapping shocks. Second, slowing growt
Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday was awarded for being ranked 'A+' in the Global Finance Central Banker Report Cards 2023 at Morocco's Marakesh, the central bank said.