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New Delhi: The wholesale price-based inflation bucked the 4-month rising trend in December 2021, and eased to 13.56 per cent, even though food prices hardened, and experts believe the RBI is expected to hold rates steady in its monetary policy next month. WPI inflation has remained in double digits for the ninth consecutive month beginning April. […]
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Mumbai: The country’s monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Reserve Bank of India’s Deputy Governor Michael D Patra said on Friday. Financial inclusion appears to have gone up, with the level of the RBI’s financial inclusion index rising from 49.9 in […]
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New Delhi: Country’s largest lender State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders. With the increase the revised base rate is 7.55 per cent, as per the information posted on SBI’s website. The new rate is effective […]
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Kolkata: Former Reserve Bank of India Governor Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India’s case […]
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New Delhi: With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the largest mobile phone users base, with around 118 crore users. A large part of them use feature phones. “In the first cohort of […]
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By Dr K Srinivasa Rao Innovations in financial intermediation led by fintechs and virtual banks have changed the landscape of lending to retailers and small and medium entrepreneurs. Hyperactive digital lending by new-age tech entities has begun to pose a challenge to banks and regulators. Falling in line with the competitors, banks have also partially […]
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This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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When startups can raise billions without any difficulty, why is infra financing proving to be a puzzle over decades?
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Crypto cannot be a currency because the fundamental element of a currency — that it should be a legal tender — is missing in this case
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Hyderabad: Just seven years into existence, Telangana, rising from being a parched poverty-ridden region, has emerged as the fourth largest contributor State to the country’s economy, says the Reserve Bank of India’s Handbook of Statistics on the Indian Economy 2020-21. The report said the Net State Value Added (NSVA) by Telangana at current prices to […]
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Migration tragedy and economic slowdown have highlighted the need for replicating MGNREGS in urban areas
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The differentiating aspect of the current monetary policy review is the convincing optimism that can propel market sentiments
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In the previous Monetary Policy Committee (MPC) meeting in June, the RBI's CPI inflation projection for the current fiscal stood at 5.1 per cent.
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This is the seventh time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.
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IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by M&M, Maruti, Bharti Airtel, Sun Pharma and NTPC.
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Hyderabad: IT Minister KT Rama Rao on Sunday urged the Union Minister of State Dr. Jitendra Singh to permit candidates taking competitive examinations conducted by the Union government to write in regional languages also. In a letter to Dr Singh, he stated that every year several candidates from different States appear for competitive exams for […]
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Having secured licence from Registrar of Companies, Indian Banks' Association will move an application to RBI to set up Rs 6,000-cr National Asset Reconstruction Company Ltd or bad bank
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The govt must act to quickly rein in the runaway inflation before it inflicts further distress on people and erodes the demand, making an equitable recovery even more difficult
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The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
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RBI's Financial Stability Report for July also noted that big tech offers a wide range of digital financial services and has a substantial footprint in the payment systems, crowdfunding, asset management
