Tag: Reserve Bank of India (RBI)

HDFC gets RBI nod to acquire 9.5% stake in IndusInd Bank

The approval also stipulates that if the "aggregate holding" of HDFC Bank falls below 5 per cent, prior approval of the RBI will be required to increase it to 5 per cent or more of the paid-up share capital or voting rights.

February 6, 2024

Interim Budget unlikely to impact market in a big way, say analysts

Regarding the Fed decision, no rate cut is expected, but the commentary will be keenly watched.

January 29, 2024

Cheap and idle money moving out of banking system and chasing returns

India is a young population and the per capita GDP has crossed the $2,000-mark and stands at approximately $2,200.

January 28, 2024

Allahabad HC concerned over banks charging ‘very high’ rates of interest

A bench of Justice Mahesh Chandra Tripathi and Justice Prashant Kumar observed this while disposing of a petition filed by one Manmeet Singh.

January 24, 2024

India’s wholesale inflation remains in positive territory; 0.73% in December

Economists say a little rise in wholesale inflation is good as it typically incentivizes goods manufacturers to produce more.

January 15, 2024

Household debt in India does not pose systemic concern: RBI

In terms of absolute levels, gross household financial savings expanded by 13.9 per cent year-on-year during 2022-23.

January 2, 2024

Ratings agencies cheer India’s GDP surge buoyed by infra push, strong DPI

India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an IMF assessment report published on December 19.

December 31, 2023

FDI flows jump to 21-month high in Oct

Around four-fifths of the gross FDI flows into equity were invested in sectors such as manufacturing, retail, energy and financial services sector.

December 26, 2023

RBI directs banks to roll out Card-on-File token facility for customers

RBI introduced Card-on-File Tokenisation (CoFT) in September 2021 and began implementation from October 1, 2022.

December 21, 2023

India’s forex reserves rise to 4-month high of $606.9bn

An increase in the foreign exchange reserves is good news as it helps the RBI to stabilise the rupee.

December 16, 2023