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The latest fortnightly data of the Reserve Bank of India (RBI) shows that credit growth continues to outpace deposit growth
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The U.S. Federal Reserve's recent move which indicates an ease in the rates will influence the apex bank's decision, states report
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The foreign exchange kitty rose by USD 4.19 billion to USD 670.857 billion, official data from the Reserve Bank of India (RBI) showed
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This move by the RBI is expected to bolster the role of IFSCs in India's financial ecosystem, offering more avenues for investment and financial management to Indian residents
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Continued low borrowing costs will keep home loans affordable, encouraging both homebuyers and investors
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The decision of the MPC (Monetary Policy Committee) will be declared on June 7 (Friday)
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The implementation of the draft guidelines, if carried out in its current form, is anticipated to have limited impact on NBFCs excluding NBFC-IFCs as Tier 1 Capital is expected to reduce by up to 83 bps over 3 years.
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The guidelines suggest provisioning for project loans from the current rate of 0.4 per cent to a range of one to five per cent without mentioning a lower threshold of financing
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In India RBI's gold holdings rose to a record high of 822.1 tons by the start of April representing an 18.5 tons net acquisition since the beginning of the year.
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According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on 19 May 2023, has significantly declined to Rs 7,961 crore at the close of business on 30 April 2024.
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