Tag: RBI
India’s GDP Grows At 7.2 Per Cent In FY23 After Q4 Growth Accelerates To 6.1% In Q4
India’s gross domestic product (GDP) grew 7.2 per cent during the fiscal year 2022-2023 (FY23), surpassing the estimate of 7 per cent projected by the Reserve Bank of India (RBI). The latest data released by the National Statistical Office reveals that India's GDP growth gained… Read More
India’s Forex Reserves Rise By $889 mn To Lifetime High Of $621.464 bn
The country's foreign exchange reserves increased by USD 889 million to a lifetime high of USD 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday. In the previous week ended July 30, 2021, the reserves had surged by USD 9.427 billion to… Read More
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PM Modi Proposes ‘Each One Pay One’ To Fund COVID Vaccines For Poor; RBI To Issue Vouchers
Minutes after announcing the Centre's decision to take over the procurement and distribution of COVID-19 vaccines from states, Prime Minister Narendra Modi has also proposed a potentially game changing 'Each One, Pay One' policy, allowing those who can afford it to pay for COVID-19 vaccines… Read More
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PMC Bank Financial Crisis To Be Sorted By RBI Says Bombay HC
Due to the financial crisis of the PMC bank, on 23 September, the RBI imposed a regulatory restrictions on the PMC Bank for next six months over present situation of the alleged monetary crisis. The withdrawal of money has been restricted for account holders, it… Read More
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Chasing Loans Is Banned By RBI With Issues On Physical Verification Of Documents
The RBI has banned the direct selling agents to carry out the physical verification of the borrower’s documents and source retail loans. For the verification of documents that are outsourced by the banks have been found to have several cases of theft and misuses. So,… Read More
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RBI Reduced 25 bps For Low Bank Monthly Installments By Reducing Lending Rates
On the review policy of RBI it is expected that the banks will work on the cut rate taking it forward to easy availability and easy returns of the loans on monthly installments. Most effective will be to pay loans on home and consumer loans… Read More
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RBI’s Cut Key Interests For Economic Growth And Increase Easy Avail Of Loans
Third policy review by the RBI to built up growth in India and boost up the possibility of achieving loans for the consumers. The policy review has taken place after the return of ruling party, earlier this year the Repo rate was reduced so that… Read More
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Lower Retail Inflation And GDP forecasts Maintained By RBI For Investors
Repo rate is the short term money provided to the Commercial Banks, it will develop a relief to the business development in India along with the economic growth, the global growth is slower as mentioned by the RBI in press conference that will reflect consecutively… Read More
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RBI cuts repo rate by 25 bps
RBI announced a reduction in the repo rate to 6 per cent, a level last seen in the first half of last year. The RBI cutting the repo rate today is good news for borrowers as EMIs are likely to go down for retail borrowers. Source: opinion Read More
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आरबीआई ने रेपो रेट 0.25% घटाई, होम लोन लेना होगा सस्ता
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RBI says WhatsApp has not complied with localisation norms yet
WhatsApp has been operating its payment services through WhatsApp Pay for a year. Reserve Bank of India has laid down certain localisation norms which dictates that data related to payments must be stored in a system in India. RBI has stated that WhatsApp is yet… Read More
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Raghuram Rajan says, “Ready to return if…”
Former Reserve Bank Governor Raghuram Rajan said that he is ready to return to India if he gets the opportunity where he could be of use. This statement comes amid speculation that he may be the finance minister if an opposition alliance wins the Lok Sabha… Read More
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पूर्व आरबीआई गवर्नर रघुराम राजन ने कहा-कोई मौका मिला तो भारत लौटने को तैयार
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‘RBI To Give Gov’t Of India Rs. 50,000 Crore Profit…
