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RBI raises India's 2023-24 GDP growth projections after firm Q2 figures; i
Updated : 2 years, 3 months ago IST
This upward revision comes on the heels of India reporting more-than-expected July-September quarter growth.
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RBI maintains status quo in policy rate for 5th time now
Updated : 2 years, 3 months ago IST
The monetary policy committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight occasions.
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RBI to announce monetary policy today, another pause in repo rate most lik
Updated : 2 years, 3 months ago IST
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo
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RBI cancels licence of Uttar Pradesh-based Urban Co-operative Bank
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) has cancelled the license of Urban Co-operative Bank Ltd., Sitapur, in Uttar Pradesh. The bank now ceases to carry on banking business, with effect from the close of business Thursday.
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Mamta Binani & Associates in Collaboration with MSME DF West Bengal &a
Updated : 2 years, 3 months ago IST
New Delhi [India], December 1: India s economy is growing at an exponential pace, and the major contributor the growth is the msme sector. It accounts for 45 % of total industrial production, 40% of total exports and contributes very significantly to the GDP. As per available data, It is exp
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RBI, Bank of England sign MoU on exchange of information related to Cleari
Updated : 2 years, 3 months ago IST
The Reserve Bank of India (RBI) and the Bank of England (BoE) have signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information concerning Clearing Corporation of India Limited (CCIL).
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2.7% of Rs 2,000 banknotes still in circulation; here's how you can deposi
Updated : 2 years, 3 months ago IST
The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore.
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"GDP growth numbers display resilience, strength of Indian economy": PM Mo
Updated : 2 years, 3 months ago IST
After GDP data for the July-September quarter (Q2) were revealed on Thursday, Prime Minister Narendra Modi said that the growth numbers display the resilience and strength of the Indian economy adding that the government is committed to ensuring fast-paced growth.
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India's GDP grew 7.6% in July-September quarter
Updated : 2 years, 3 months ago IST
RBI had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent.
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Rs 30,000 crore worth of government securities to be auctioned on December
Updated : 2 years, 4 months ago IST
According to a press release by the Ministry of Finance, the securities to be auctioned include the '7.37 per cent Government Security 2028' with a notified amount of Rs 7,000 crore, the '7.18 per cent Government Security 2033' with a notified amount of Rs 13,000 crore, and the '7.30 per cen
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RBI supersedes Board of Directors of Abhyudaya Cooperative Bank for 12 mon
Updated : 2 years, 4 months ago IST
The action against the Abhyudaya Cooperative Bank Ltd was needed due to "certain material concerns emanating from poor governance standards" observed in the bank.
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RBI's vigilance: New consumer credit norms to bolster India's financial st
Updated : 2 years, 4 months ago IST
The central focus of the regulatory adjustments is to mandate banks and NBFIs to allocate more capital against unsecured consumer credit.
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