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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…

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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…

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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…

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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 …

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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…

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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…

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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   


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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…

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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…

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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…

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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 …

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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…

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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…

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3 mins read

RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty

T​​​​he US Federal Reserve's first cut in interest rates in more than four years happened today, tr…

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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…

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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   


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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   


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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   


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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…

PTI   


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2 mins read

Anand Rathi anticipates Q1 FY25 GDP growth at 7%, a little lower than RBI's estimate of 7.1%

The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced …

ANI