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3 mins read
Indian economy relatively slowed in Q1-FY25, here's what experts have to say
The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…
ANI
2 mins read
Credit offtake expanded by Rs. 20.4 lakh crore, deposits by Rs 23.9 lakh crore over the last 12 months
Credit offtake is a type of bank credit that assists businesses in getting financing for future pro…
ANI
2 mins read
Two entities upgraded for every downgrade in FY24, hospitality sector records 23 upgrades: ICRA
The fiscal year of FY24 continued the ‘upgrade momentum’ that was set into motion in FY22, said the…
2 mins read
Lower money creation by RBI, substantial rise in banks profits behind decline in loan-to-deposits ratios in banks: Nomura
One of the contributors to the decline in systemic LDR is the lower net money creation by the RBI o…
ANI
3 mins read
SBI report dismisses bank deposit concerns as a 'Statistical Myth'
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …
ANI
2 mins read
Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings
The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to …
PTI
3 mins read
With food inflation looming large, ‘shallow rate’ cuts expected only in Q3 FY25
The ongoing heatwave conditions, and projections of a harsher summer, are likely to impact India’s …
3 mins read
Rise seen in financial inclusion index, jobs in the country, notes RBI
Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…
2 mins read
RBI downgrades FY23 GDP growth projections to 6.8% - lower than World Bank and other global agencies
“A growth of 6.8% is considered very strong in the current context when the world economy is…
2 mins read
Did you know the RBI Ombudsman received 68% more complaints in FY2023? Here’s how to file your grievance
Recently, the Reserve Bank of India (RBI) reported that the complaints to the Ombudsman have gone u…
4 mins read
RBI announces digital payments intelligence platform to check online frauds
In a bid to bolster the safety and security of digital payments and enhance regulatory frameworks, …
ANI
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
3 mins read
Investors' wealth soars ₹28.65 lakh crore in three days of market recovery after rout
Investors' wealth has soared by ₹28.65 lakh crore in the three-day rally to Friday in the stock m…
PTI
3 mins read
Sensex, Nifty hit all-time closing high levels as RBI raises GDP growth projection
IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains. The RB…
PTI
2 mins read
India's balance of payments shows improvement in Q1 FY24
One of the standout features of India' 2023-24 was the substantial narrowing of the Current Account…
ANI
3 mins read
Banks to reap rewards of interest rate hikes in Q2 earnings
The Indian banking sector is expected to report strong growth in net interest income, margins and l…
3 mins read
India’s first quarter GDP may surpass RBI MPC projection
The Indian GDP may surpass the latest Reserve Bank of India projections for the first quarter of…
3 mins read
India’s GDP forecast raised but El Nino, export contraction threats hover
Economists now have a more optimistic outlook on India’s growth prospects after the ‘pleasant surpr…
4 mins read
Telecom companies’ Q4 revenue likely to moderate due to lack of significant tariff hikes
Indian telecom companies are likely to report a moderation in Q4 earnings amidst a lack of signific…
2 mins read
Status quo: Markets trade flat after RBI MPC leaves repo rate unchanged at 6.5%
RBI MPC keeps repo rate at 6.5%. Governor optimistic about inflation and GDP growth. Nifty gainers:…