Search For "reserve bank of india rbi"
Jefferies expects 25 basis points repo rate cut by RBI this year
Updated : 1 year, 9 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, 9 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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RBI may go for a rate cut in Feb 2025 as inflation is still above 4 pc: SB
Updated : 1 year, 9 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, 9 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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Adequate and timely funding key to achieving sustainable agriculture: RBI
Updated : 1 year, 9 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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RBI imposes monetary penalty on three NBFCs for non-compliance with direct
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) has imposed monetary penalties on three non-banking financial companies (NBFCs) for regulatory lapses and non-compliance with various RBI directives.
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FATF working on enhanced disclosures for credit card and online transactio
Updated : 1 year, 10 months ago IST
The Financial Action Task Force (FATF), the global watchdog for money laundering and terror financing, is considering enhanced disclosures for global credit card transactions and online payment gateways to curb illicit activities, according to government sources.
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PayGlocal gets RBI nod to operate as an online merchant payments company
Updated : 1 year, 10 months ago IST
Bengaluru (Karnataka) [India], September 10: PayGlocal, a leading cross-border payment solutions provider, is thrilled to announce that it has received final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. This significant milestone allows PayGl
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Deposit growth in India expected to slow to 11.2 pc YoY in 2025: Report
Updated : 1 year, 10 months ago IST
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
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Role of finance indisputable in shaping India's growth story: RBI Deputy G
Updated : 1 year, 10 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, 10 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, 10 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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