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RBI Dy Governor Rao calls for frequent credit information updates, data qu
Updated : 8 months, 3 weeks ago IST
RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others.
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"Modi govt wrecked economy over past 11-years," says Jairam Ramesh
Updated : 8 months, 3 weeks ago IST
In a scathing post on X, Ramesh said, "The Modi government has wrecked the country's economy over the past eleven years. No efforts have been made to improve people's lives; all policies have been crafted solely for capitalist friends, the consequences of which the country's people are su
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Average lending rates of scheduled commercial banks declining in line with
Updated : 8 months, 3 weeks ago IST
The weighted average lending rate (WALR) on fresh rupee loans of scheduled commercial banks (SCBs) declined to 9.20 per cent in May 2025, from 9.26 per cent in April, Reserve Bank of India (RBI) data showed.
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RBI appoints Kesavan Ramachandran as new Executive Director
Updated : 8 months, 3 weeks ago IST
The Reserve Bank of India (RBI) has appointed Kesavan Ramachandran as Executive Director of RBI with effect from July 01, 2025.
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Crisil revised India's FY26 GDP growth to 6.5% on good monsoon, rate cuts,
Updated : 8 months, 3 weeks ago IST
Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the current fiscal, supported by expectations of above-normal monsoon, rate cuts and the government's rural support schemes.
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India's per capita debt of individual borrower rises significantly over la
Updated : 8 months, 3 weeks ago IST
The per capita debt of individual borrowers in India has witnessed a sharp increase over the past two years, rising from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025, according to the financial stability report released by the Reserve Bank of India (RBI).
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Indian economy remains a key driver of global growth amidst global challen
Updated : 8 months, 3 weeks ago IST
Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report.
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Over 72% growth in India's overseas financial assets was due to investment
Updated : 8 months, 3 weeks ago IST
India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI).
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RBI guidelines reducing provisioning for project finance are credit positi
Updated : 8 months, 3 weeks ago IST
The Reserve Bank of India's (RBI) final guidelines for project finance loans, aimed at managing risks while supporting the viability of projects, are credit positive according to Moody's Ratings.
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States/UTs to borrow Rs 2.86 lakh crore in Jul-Sep quarter: RBI
Updated : 8 months, 3 weeks ago IST
States and Union Territories combined will raise about Rs 2.86 lakh crore from markets in the quarter July-September 2025, the Reserve Bank of India (RBI) has indicated.
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India records $13.5 billion current account surplus in Q4-FY25
Updated : 9 months ago IST
India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.
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Goa based company secures RBI authorization as a payment aggregator
Updated : 9 months ago IST
Panjim (Goa) [India], June 27: Instifi, a homegrown fintech venture, has received final authorization from the Reserve Bank of India (RBI) to operate as a licensed online payment aggregator. This positions the company as the only one in Goa to hold the authorization, marking a significant st
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