The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent.
During his speech on Thursday, the governor said that RBI projected GDP growth in FY24's first quarter (Q1) at 7.8 per cent; the second quarter (Q2) at 6.2 per cent; the third quarter (Q3) at 6.1 per cent; and the fourth quarter (Q4) at 5.9 per cent.
Five out of six members of MPC voted to remain focused on withdrawal of accommodation to ensure inflation aligns with target while focusing on growth, RBI Governor Shaktikanta Das said on Thursday. The Monetary Policy Committee of the central bank decided to take a pause after a rate hike
Mumbai (Maharashtra)/ New Delhi [India], April 5 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised DMI Finance Private Limited (DMI Finance), a RBI registered Non-banking Financial Company (NBFC), on its USD 400 million equity fundraising led by Mitsubishi UFJ Financial Group, Inc
Governor Shaktikanta Das will announce the outcome of the meetings at 10 in the morning, followed by a press conference at noon which would be telecast.
Chennai (Tamil Nadu) [India], April 5 (ANI/PNN): Paysharp, incorporated in 2019 by Krishna Kumar Mani and Sathish S, provides enterprise-grade payment solutions business, a solution including complete UPI solutions and other payment collection solutions. The startup Paysharp also received th
Indian stock indices extended their gains, though marginally, on Wednesday as investors at large are eyeing the outcome of the three-day Reserve Bank of India's monetary policy committee meeting -- the first in 2023-24 which started Monday.
ASSOCHAM President Ajay Singh said, "Though India remains the fastest-growing nation amongst the major economies, growth is uneven even as the global headwinds from volatile energy prices, geo-political developments and threat of recession in major economies need to be watched with an abunda
New Delhi [India], April 4 (ANI/NewsVoir): SATYA MicroCapital, one of the fastest growing RBI registered NBFC-MFI has achieved the milestone of Rs 5001 crores Assets Under Management on the commencement of FY23-24. This is not the only feather SATYA has added to its golden cap at this moment