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3 mins read

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   


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2 mins read

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   


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1 min read

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…

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6 mins read

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…

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1 min read

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 …

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2 mins read

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…

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3 mins read

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…

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1 min read

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,…

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4 mins read

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 …

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6 mins read

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…

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1 min read

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…

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4 mins read

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   


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4 mins read

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 …

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3 mins read

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   


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3 mins read

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…

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1 min read

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, …

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2 mins read

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…

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2 mins read

Smart Ways To Manage Your Home Loan Interest Burden

Some experts believe home loan seekers and existing borrowers can consider experimenting with some …

Economic Times