Prolonged high rates are likely to weigh on the gross domestic product (GDP) growth this fiscal, according to the report
Read More"The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability," says RBI
Read MoreIn a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
Read MoreThe 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
Read MoreIndia is moving ahead towards 8 per cent GDP growth in a sustained manner, adding that the average growth India recorded in the last three years is 8.3 per cent
Read MoreRBI governor Shaktikanta Das said, Price stability is the bedrock for high and sustainable growth therefore, vote to keep the policy repo rate unchanged at 6.5 per cent and to continue with the stance of withdrawal of accommodation
Read MoreThe survey is conducted pan India, across SECs, age groups, cities with representation across metros, tier 1, tier 2 and tier 3 cities and across different cohorts and regions using the Ipsos IndiaBus platform.
Read MoreUnderscoring 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.
Read MoreThe RBI highlighted that the early arrival of the southwest monsoon will boost the agriculture prospects and is expected to surge agricultural production
Read MoreIndia'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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