Search For "rbi"
Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 5 months ago IST
Growth in credit card spending across the system has dropped to about 13 per cent year-on-year (y-o-y) in August 2024, down from 19 per cent in July 2024. The Reserve Bank of India (RBI) credit card data for August 2024, has also highlighted a continued slowdown in both the number of cards i
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SATYA MicroCapital Limited Secures Rs 1000 Mn Debt Funding from Japan Base
Updated : 1 year, 5 months ago IST
New Delhi [India], September 27: RBI registered NBFC-MFI, SATYA Micro Capital Limited has successfully raised Rs 1000 Mn from Mizuho Bank Ltd. which is a subsidiary of Mizuho Financial Group, Inc. Expanding its lender base, it is for the very first time that SATYA has been backed by Mizuho B
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Times Business Awards 2024: Dugar Finance MD Ramesh Dugar Wins 'Entreprene
Updated : 1 year, 6 months ago IST
New Delhi [India], September 26: Dugar Finance & Investments Ltd, established in 1987, is a RBI registered NBFC and the flagship company of the 1,500 cr in revenue Chennai-based Dugar Group. It is one of the largest family-owned NBFC in the country. Dugar Finance a leading vehicle financ
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Jefferies expects 25 basis points repo rate cut by RBI this year
Updated : 1 year, 6 months ago IST
The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
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Household consumption to surge in Q2 as headline inflation eases and rural
Updated : 1 year, 6 months ago IST
Household consumption in India is set to experience accelerated growth in the second quarter of FY 2024-25, the Reserve Bank of India said in its September Bulletin released on Friday.
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Some vegetable price shocks have begun to reverse: RBI bulletin
Updated : 1 year, 6 months ago IST
Headline CPI inflation came in below the Reserve Bank's target for the second consecutive month in August.
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RBI Approves Re-Appointment of V. Vaidyanathan as IDFC FIRST Bank's MD &am
Updated : 1 year, 6 months ago IST
Mumbai (Maharashtra) [India], September 20: The RBI has approved the re-appointment of V. Vaidyanathan as the Managing Director and CEO of IDFC FIRST Bank for a period of three years effective from December 19, 2024 to December 18, 2027.
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Indian bond markets may get high inflows as Fed rate cut has made India's
Updated : 1 year, 6 months ago IST
Indian bond markets may witness high inflows in the coming months as the fed rate cut decision has made interest rate difference in India and other countries, highlighted a report by SBI.
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RBI may go for a rate cut in Feb 2025 as inflation is still above 4 pc: SB
Updated : 1 year, 6 months ago IST
In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move, potentially announcing a rate cut by February 2025, according to a report by SBI Research.
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Despite being leader in digital transactions, cash circulation increasing
Updated : 1 year, 6 months ago IST
Despite India being a leader in digital financial transactions, cash currency in circulation has more than doubled over the last eight years. As per Reserve Bank of India (RBI) data, since the demonetization of Rs 1000 and Rs 500 notes in 2016, the currency in circulation has increased su
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Fed rate cut will facilitate fund flows to India and emerging markets: Exp
Updated : 1 year, 6 months ago IST
The US Federal Reserve's move to cut the rate by 50 basis points will facilitate flows to emerging markets. Experts say a weaker dollar and lower rates are favourable for India and emerging economies.
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Adequate and timely funding key to achieving sustainable agriculture: RBI
Updated : 1 year, 6 months ago IST
Giving a keynote address at the International Research Conference hosted by the College of Agricultural Banking (CAB), Pune, the RBI Deputy Governor highlighted five solutions that could go a long way in addressing the issue of financing sustainable agriculture.
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