Search For "the reserve bank of india"
RBI's potential 50 bps rate cut will have 15-20 bps impact on bank's net i
Updated : 1 year, 5 months ago IST
If the Reserve Bank of India goes for a potential 50 basis point (bp) cut in the repo rate, it is expected to negatively impact the net interest margins (NIMs) of large private banks by 15-20 basis points, highlighted a report by Nomura.
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RBI unlikely to cut rate as India's growth is higher than potential output
Updated : 1 year, 5 months ago IST
With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, says a report from the State Bank of India (SBI).
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RBI is unlikely to cut rate or change status in Oct 9 monetary policy: BoB
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
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Monetary Policy Committee of RBI reconstituted with new members
Updated : 1 year, 5 months ago IST
The central government has reconstituted the Monetary Policy Committee (MPC) under the provisions of the Reserve Bank of India (RBI) Act, 1934, the Ministry of Finance said in a statement.
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India's forex reserve touches fresh record high of USD 692.3 billion
Updated : 1 year, 6 months ago IST
India's foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released by the Reserve Bank of India (RBI) on Friday.
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Spend and loan growth of credit cards slowed as lenders are cautious on as
Updated : 1 year, 6 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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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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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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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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Rising global debt is a concern, significant spillover risks for Emerging
Updated : 1 year, 6 months ago IST
The Reserve Bank of India Governor Shaktikanta Das cautioned the world on the rising global debt, which has surged to a staggering USD 315 trillion, equivalent to 333 per cent of global GDP in 2024.
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