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India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report
This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…
ANI
RBI approves highest-ever dividend payout of Rs 2.11 lakh crore to central government!
The Reserve Bank of India, on Wednesday, approved the highest-ever dividend payout of Rs 2.11 lakh …
PTI
RBI’s annual surplus to the government this year is only one-third of what it was last year
In 2019, the RBI allocated a record ₹1,76,000 crore ($23.5 billion), which was mostly made up of…
Residential property demand in India at a 10-year high with mid and premium buyers on the rise
Despite interest rates rising 250 basis points between May 2022 to February 2023, courtesy RBI poli…
Reserve Bank to pay ₹30,307 crore dividend payment to Centre for FY22
The 596th meeting of the Central Board of Directors of Reserve Bank of India was held on Friday at …
RBI approves Rs 87,416 cr dividend payout to the government for 2022-23
The Reserve Bank of India (RBI) approved a dividend payout of Rs 87,416 crore to the central govern…
Government consumption will continue to 'pandemic-proof' India's demand says RBI
"Going forward, government consumption is expected to continue pandemic-proofing of demand, an…
RBI's income grew 20% while expenses shot up by 280% in FY22
While income for the year increased by 20.14 per cent, expenditure increased by 280.13 per cent,…
Explained: International trade settlement in Rupees and why RBI is doing it
The Reserve Bank of India’s efforts to keep the Rupee stable and cut down the use of the US Dollar …
RBI’s ‘Save the Rupee’ bill has hit over $40 billion already and it could add another $40 billion this year
Over the last six months, India's forex reserves have fallen by over $40 billion, with the RBI inte…
RBI will transfer Rs 65,876 crore surplus profits to government, lower from last year
The amount is Rs 20 crore less than the previous year as last year the surplus profit was Rs 65,896…
Ujjivan Small Finance Bank sees shrinking interest and fee incomes due to loan moratorium this year
"Although we shall continue to accrue interest income on the outstanding portfolio including those …
PTI
Banking union head questions why RBI did not consider banks other than DBS India to merge with LVB
The decision of Reserve Bank of India (RBI) to palm off 94-year-old Karur based Lakshmi Vilas Bank …
Lakshmi Vilas Bank shortlists three candidates for MD & CEO post — will send names to RBI in a week
The lender's chief executive S Sundar and six other directors were voted out by shareholders earlie…
PTI
With a new governor in place, India’s government looks likely to get a payout from the central bank before the end of financial year
The Indian government’s difficulty in meeting its fiscal deficit target, at 3.3% of GDP, for the cu…
Demonetisation led to shrinking of bank credit by whopping Rs 61,000 crore
However, the cash ban scheme brought cheers too as the borrowers, including some default accounts, …
5 reasons why RBI kept the repo rate unchanged at 6.25%
The fifth bi-monthly monetary policy kept the reverse repo rate unchanged at 5.75%. The incremental…
Smart Ways To Manage Your Home Loan Interest Burden
Some experts believe home loan seekers and existing borrowers can consider experimenting with some …