Search For "rbi"
Even with potential cut in repo rate, bank deposit rates unlikely to be lo
Updated : 1 year, 5 months ago IST
A research report highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
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Rising inflation may push RBI to continue with neutral stance for a longer
Updated : 1 year, 5 months ago IST
The soaring figures of retail inflation in September could force the Reserve Bank of India (RBI) to continue with neutral stance for a longer duration, stated SBI research, adding that "first rate cut could be based on growth, and need not be inflation."
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Usha Financial Services Limited - A Prominent RBI Licensed NBFC - Set to L
Updated : 1 year, 5 months ago IST
New Delhi [India], October 14: Usha Financial Services Limited, one of the leading RBI licensed Non-Banking Financial Companies (NBFCs) in India, is proud to announce the upcoming opening of its Initial Public Offering (IPO) soon. The company received official approval on October , 2024, fro
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Rapid expansion of private credit market with limited regulation posing th
Updated : 1 year, 5 months ago IST
The private credit market's rapid expansion with limited regulation is posing a threat to the overall financial stability of the system, highlighted RBI Governor Shaktikanta Das on Monday.
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Heavy reliance on AI could lead to concentration risks in the financial se
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector.
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RBI directs payment service providers to enhance accessibility for persons
Updated : 1 year, 5 months ago IST
With digital payment systems becoming increasingly popular among all segments of the population, including differently-abled individuals, the RBI's latest guidelines urge payment system participants (PSPs)--comprising banks and authorized non-bank payment providers--to review and modify thei
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India's foreign exchange reserves see USD 3.7 billion dip after scaling al
Updated : 1 year, 5 months ago IST
India's foreign exchange reserves dipped USD 3.7 billion to USD 701.18 billion as of October 4 after scaling all-time high, according to data released by Reserve Bank of India on Friday
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"Great son of India, phenomenal person": RBI Governor pays last respect to
Updated : 1 year, 5 months ago IST
Ratan Tata, Chairman Emeritus, Tata Sons, passed away at Breach Candy Hospital in Mumbai aged 86 on Wednesday. Maharashtra Chief Minister Eknath Shinde said on Wednesday night that the last rites will be performed with full state honours.
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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rate cut with 7 per cent of growth never happened in India or globally: SB
Updated : 1 year, 5 months ago IST
After the RBI projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by State Bank of India noted that a rate cut with a 7 per cent growth never happened in the history.
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Sensex, Nifty lose initial gains, close in red post RBI's status quo on ra
Updated : 1 year, 5 months ago IST
The Sensex fell by 167.71 points, closing at 81,467.10, while the Nifty50 dropped 31.20 points, settling at 24,981.95.
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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