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2 mins read
Rupee falls 7 paise to 84.47 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and tou…
PTI
1 min read
Curious to know what the Reserve Bank does? Star India will soon produce a web series narrating the RBI's 90-year journey
The series will be available on both national television and OTT platforms, expanding its reach and…
2 mins read
Retail inflation expected to breach 6% mark in October, says UBI Report
The continued spurt in food prices and fading of the high base effect likely led to a spike in Octo…
2 mins read
SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth to be closer to 7%
Economists at SBI predict a dip in India's GDP growth to 6.5% for the September quarter, citing pre…
3 mins read
RBI goes high on gold, adds 102 metric tonnes to its reserves between April-Sep, as total gold demand touches $100 billion
The increased domestic gold holdings have also boosted the precious metal's share in India's total …
2 mins read
RBI MPC announcement today: Rates unlikely to change, RBI may change stance to neutral
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) me…
5 mins read
Ahead of Dhanteras 2024, how has gold glittered so far this year?
At 24%, the yellow metal's annual return in 2024 has been nothing less than glittering. Compare thi…
2 mins read
India likely to grow at 7.2% in FY25, says RBI deputy governor
India's rising working-age population and digital advancements are pivotal in this growth.
PTI
2 mins read
Reserve Bank may act against more NBFCs to keep obscure lending practices in check, says Morgan Stanley
Earlier this month, the apex bank had already issued a stern warning to the NBFC sector, discouragi…
3 mins read
RBI's monetary policy committee meeting begins today, announcement on October 9
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and…
4 mins read
RBI leaves repo rate unchanged. What does this mean for you?
This is a good time to invest in high-yield fixed deposits and other debt instruments. That's becau…
3 mins read
RBIs MPC meet concludes today: Repo rate left unchanged at 6.5%
Treading along expected lines, RBI rate-setting panel left the repo rate unchanged at 6.5% for the …
2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
3 mins read
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…
3 mins read
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…
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…
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
DICGC introduces Daava Soochak for depositors to track claim status
Daava Soochak, a user-friendly online tool, is part of DICGC's ongoing commitment to improving the …
PTI
2 mins read
RBI imposes penalties on three housing finance companies for non-compliance with directions
The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies f…
ANI
2 mins read
Rs 2,000 notes: 97.96% returned; Rs 7,261 crore worth notes still with public
The facility for the exchange of the Rs 2000 banknotes has been available at the 19 issue offices o…