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2 mins read
Gold medalist in central bank Olympics-All you need to know about RBI governor Shaktikanta Das
EU's Christine Lagarde, Cambodia's Chea Serey and Sweden's Erik Thedéen were amongst those receivin…
3 mins read
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
1 min read
Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das
In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in …
PTI
3 mins read
Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…
ANI
2 mins read
Loan sanctioning has gone digital, but recovery still needs a 'feet on the street' approach, says RBI Deputy Governor
He also highlighted one particularly concerning practice that involves the invasion of customers' p…
ANI
2 mins read
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
1 min read
India's forex reserves at record high of USD 675 billion, external sector resilient: RBI Governor Shaktikanta Das
The previous all-time high for the kitty was USD 670.857 billion on July 19 this year, and the last…
PTI
2 mins read
EPS Pensioners to get pension from any bank, any branch, anywhere in India from January 1, announces Mansukh Mandaviya
The CPPS is expected to benefit over 7.8 million EPS pensioners of EPFO. By leveraging advanced IT …
ANI
3 mins read
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
2 mins read
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
4 mins read
RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly
MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…
2 mins read
Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says
Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…
Filip De Mott
1 min read
India is building up gold reserves says RBI governor Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as pa…
PTI
2 mins read
Household savings are choosing mutual funds over banks to invest savings: RBI Governor
The households are choosing the capital markets over the banks to park or invest their savings, hig…
ANI
3 mins read
India’s economic growth expectedly slows to 6.7% in Q1 — lowest in the last five quarters
India's GDP growth slowed to a 15-month low of 6.7% in the first quarter of FY 2024-25 due to weake…
2 mins read
Global gold demand drops 6% in Q2 2024 due to slump in jewelry consumption, OTC investment pushes the total to record high
The record-high gold prices took a significant toll on jewelry consumption. Volumes fell 19% YoY to…
ANI
2 mins read
After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit
The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…
ANI
2 mins read
High food prices raise concerns but improved monsoon offers hope for RBI: SBI report
Volatility in prices of food items like tomatoes, onions, and potatoes has challenged India's Monet…
ANI
3 mins read
Bill to provide up to four nominees to a bank account introduced in Lok Sabha
Another proposed change relates to redefining 'substantial interest' for directorships, which could…
PTI
3 mins read
RBI to focus on disinflation, food inflation sticky to core, note RBI's MPC minutes
The fiftieth meeting, conducted under Section 45ZB of the RBI Act, 1934, ended with the decision to…