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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
The reserves have been on an upward trend for some time. In 2024 alone, they have risen by over USD 60 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
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Rural demand and private consumption have picked up; GDP is expanding well
Updated : 1 year, 6 months ago IST
RBI Governor Shaktikanta Das stated that the rural demand of the Indian economy has picked up as the private consumption and investment expanded in the latest quarter GDP numbers.
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RBI board reviews global and domestic economic scenario, outlook
Updated : 1 year, 6 months ago IST
The Board also reviewed various areas of operations of the Reserve Bank of India, including the functioning of Local Boards and activities of select Central Office Departments.
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Banks selling IPO shares within a week, experts call for RBI explanation
Updated : 1 year, 6 months ago IST
Amid a surge in number and demand of Initial Public offerings (IPOs) in the Indian stock market, a recent SEBI report has revealed some interesting behaviour of investors in the IPO market.
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Role of finance indisputable in shaping India's growth story: RBI Deputy G
Updated : 1 year, 6 months ago IST
The role of finance in shaping and reshaping India's future is indisputable as there is a deep nexus between finance and growth, Michael D Patra, Deputy Governor, Reserve Bank of India (RBI), said.
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Chennai based Fintech Paysharp has received final authorisation from the R
Updated : 1 year, 6 months ago IST
New Delhi [India], September 2: Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 Friday followed by the in-principal PA license on December 2022. Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on
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Loan sanctioning goes digital, but recovery still needs 'Feet on the Stree
Updated : 1 year, 6 months ago IST
The digital infrastructure has made the loan sanctioning system adopt an online mode but the loan recovery still requires a 'feet on the street', says Swaminathan J, Deputy Governor of Reserve Bank of India (RBI).
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India's foreign exchange reserve touches fresh high of USD 681.7 billion
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 7.023 billion, reaching a fresh record high of USD 681.688 billion, during the week that ended on August 23, according to data released by the Reserve Bank of India.
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Fall in Q1 GDP numbers is because of elections code and restricted govt ex
Updated : 1 year, 6 months ago IST
After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India's growth story is intact. The governor was speaking at the National CA Conference in Bhubaneswar, Odisha.
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With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be rev
Updated : 1 year, 6 months ago IST
According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1.
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Indian economy grew 6.7% in April-June quarter, lower than RBI's 7.1% fore
Updated : 1 year, 6 months ago IST
The Indian economy grew by 6.7 per cent in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
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Banking liquidity has declined to Rs 0.95 lakh cr from a peak of Rs 2.86 l
Updated : 1 year, 6 months ago IST
Liquidity in the Indian banking system has seen a significant decline this month says a research report by the Union Bank of India. It says the banking liquidity has fallen to Rs 0.95 lakh crore as on 28th August from a peak of Rs 2.86 lakh crore.
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