Tag: Reserve Bank of India (RBI)

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

For equity markets, RBI’s measure against personal loans is problematic

India is the world’s most-loved emerging market this year.

December 10, 2023

RBI retains repo rate at 6.5%, GDP growth at 7%, inflation at 5.4%

The MPC is alert and prepared to take necessary actions that are needed.

December 8, 2023

RBI to announce monetary policy today, another pause in repo rate most likely

Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.

December 8, 2023