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Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead

In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…

ANI   


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SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman

SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.

PTI   


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Majority of users say they will stop using UPI if transaction fee is levied, notes a LocalCircles survey

Only 22 % UPI users surveyed are willing to bear a transaction fee on payments, 75% of respondents …

PTI   


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4 mins read

RBI likely to keep interest rate unchanged at 6.5%, say experts

Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…

PTI   


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Rupee falls 3 paise to close at all-time low of 83.66 against US dollar

On Thursday, the rupee depreciated 5 paise and settled at a new low of 83.63 against the US dollar.

PTI   


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India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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Rupee rises 8 paise to 83.89 against US dollar in early trade

The rupee rose 8 paise to 83.89 against the US dollar due to favorable domestic equities and a dip …

PTI   


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RBI unlikely to cut interest rate in 2024: SBI chief Setty

"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut wou…

PTI   


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1 min read

India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…

ANI   


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Household consumption to surge in Q2 as inflation eases, rural demand revives

Rural areas are witnessing a revival in demand, with increased purchases of fast-moving consumer go…

ANI   


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India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report

Several enabling forces have come together to energise this revolution. Although internet penetrati…

PTI   


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RBI to set up public repository of digital lending apps to check unauthorised players

In a post-monetary policy review address, RBI Governor Shaktikanta Das said the central bank has ta…

PTI   


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RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment

Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…

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Will Sensex touch the coveted 1,00,000 mark early next year? Experts weigh in

​​In just the past year, Sensex has delivered returns worth 30.62%. Despite the ongoing, sturdy mom…

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RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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India accounts for nearly half of the global digital payments, highlights RBI report

India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…

ANI   


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India to triple its electronic production by 2025-26, says RBI

India's electronic produce has surged to 3% of GDP in 2023-24, highlighted the July 2024 monthly bu…

ANI   


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RBI proposes alternative methods for authentication of digital payments, in addition to SMS-based OTP system

The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechan…

ANI   


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Raising massive financial resources for net-zero goal unprecedented challenge: Economic Survey

Reaching net zero means achieving a balance between greenhouse gas emissions and the amount of thes…

PTI   


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Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention

The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…