The ratio of India's international financial assets to its international financial liabilities improved, reaching 74 per cent in March 2024, up from 71.4 per cent in March 2023
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Underscoring the imperative of fostering a future-ready ethos within the financial sector, Das also stressed the critical role of timely supervisory intervention in mitigating systemic risks.
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The RBI highlighted that the early arrival of the southwest monsoon will boost the agriculture prospects and is expected to surge agricultural production
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India's forex reserve is at a record high, and this gives confidence to international investors for investing in the Indian economy, he says
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Experts also say that the bond yields will remain range bound with a slight easing bias for now
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The decision comes amidst a backdrop of economic uncertainties both domestically and globally
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The Deputy Governor of RBI Swaminathan Janakiraman says that the ARCs are becoming a warehouse of the stressed assets while the original lenders continue to handle collection
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Bank of Baroda reported a 2.3 per cent growth in net income at Rs 4,886 crore for the March quarter
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The stakeholders included Banks, National Payments Corporation of India (NPCI), Third Party Application Providers and Technology Service Providers, and discussions centred around potential strategies for further expanding the reach of UPI
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The IPO with Rs 2150 per share with a market value of Rs 18,300 crore, currently trades with an almost 84 per cent loss at Rs 344 on NSE
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