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The buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks
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Hewlett Packard Financial, SMFG India Credit, and Muthoot Vehicle and Asset Finance fined for lapses in KYC, cybersecurity, and liquidity management
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The RBI notifications on highlights that these penalties are levied on Hewlett Packard Financial Services (India), SMFG India Credit Company, and Muthoot Vehicle & Asset Finance
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Speaking at a forum by The Bretton Woods Committee in Singapore, the central bank Governor said that he is in no rush regarding the relaxation in policy measures
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State Bank of India's stake sale faces uncertainty as RBI hesitates over Foreign buyers holding 51 per cent in Yes Bank
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Axis Bank faces penalties for violating KYC, interest rate, and Agricultural loan norms while HDFC Bank Fines over customer service and Recovery agent issues
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The Reserve Bank of India has raised concerns about the rising interconnectedness between private credit, banks, and non-banking financial companies (NBFCs), as well as the growing complexity of deal structures
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India's economic growth slowed to 6.7 per cent year-on-year in the April-June quarter, below the RBI's projection of 7.1 per cent
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As per a statement from the central bank, they reviewed the global and domestic economic scenario and outlook, including associated challenges
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The nominal GDP has witnessed a growth rate of 9.7 per cent in the April-June quarter of 2024-25 as compared to the growth rate of 8.5 per cent same quarter of last fiscal year
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