Search For "reserve bank"
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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Bajaj Finserv New Car Loan simplifies the borrowing experience for new car
Updated : 1 year, 5 months ago IST
Pune (Maharashtra) [India], September 25: As the festive season approaches, many people dream of purchasing a new car. The thrill of driving a new vehicle and the joy it brings is hard to resist. However, buying a car can be a significant financial commitment, which is where car loans come i
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Riding on NRI-Shakti: Fi Money Goes International
Updated : 1 year, 5 months ago IST
Bengaluru (Karnataka) [India], September 24: India's digital inclusion journey for Financial services has progressed at breakneck speeds with fintech players entering the foray. While the homebound have reaped the benefits of the developments in the financial space, the obvious next step is
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Jefferies expects 25 basis points repo rate cut by RBI this year
Updated : 1 year, 5 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 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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RBI imposes monetary penalty on three NBFCs for non-compliance with direct
Updated : 1 year, 6 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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India's foreign exchange reserves continue to rise hitting fresh high of U
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves increased by USD 5.248 billion, reaching a fresh record high of USD 689.235 billion, during the week that ended on September 6, according to data released by the Reserve Bank of India on Friday.
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