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Hyderabad: Fake online loan app managements appear to be striving hard to regain lost customers and make new ones. According to the police, they are resorting to desperate measures including crediting loan amounts without requests or applications from customers. The Reserve Bank of India had recently blacklisted about 130 fake loan apps, most of which […]
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The spiralling retail inflation is emerging as a major cause for concern. The consumer price index (CPI)-based inflation for April skyrocketed to an 8-year high of 7.79%, much above the Reserve Bank of India’s comfort zone of 6%, for the fourth straight month. The latest data released by the National Statistical Office (NSO) presents a […]
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Hyderabad: This article is in continuation of the previous article to help you handle the Current Affairs topics. Here are a few sample questions with explanation: 1) Which Central Bank is the highest buyer of gold in 2021? a. RBI b. Central Bank of Thailand c. US Fed Bank d. Bank of Dubai Ans – […]
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New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed. The retail inflation stayed well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month due to high […]
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By Dr K Srinivasa Rao The geopolitical storm due to the war between Russia and Ukraine overwhelmed the revival of the economy from the pandemic. Some early signs of data on high-frequency indicators provide the comfort of reaching the pre-pandemic levels except in the high contact industry. However, the loss of productivity has been immense […]
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Mumbai: In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect. Addressing a press conference, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has unanimously voted to increase the policy repo rate by 40 basis […]
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The woes of the middle class and the poor, already reeling under the impact of the coronavirus pandemic, are expected to worsen in the days ahead with the soaring inflation. The latest figures released by the Centre show that the wholesale inflation, as measured by the wholesale price index (WPI), rose to 14.5% in March, […]
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Hyderabad: The Reserve Bank of India (RBI) has restored the pre-pandemic trading timings in RBI-regulated markets, which includes the money market. With this, banks will now open at 9:00 am. Even financial markets regulated by RBI such as the forex market have a new set of timings to abide by. The RBI notification said, “With […]
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Hyderabad: In view of an increasing number of bank account hacking cases resulting in huge financial losses, the Hyderabad City Police along with the Reserve Bank of India conducted a meeting with representatives of banks here on Thursday. About 51 urban cooperative banks and other banks participated in the meeting, wherein the police briefed them […]
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By V Thiagarajan Most marriages in an Indian family or mergers in Indian corporate groups normally evolve in three phases — Early Hesitancy, Intermediate Exuberance and Final Realisation. The merger of HDFC-HDFC Bank, which hogged the headlines last week, has followed the script of the first two phases so far. In the first Hesitancy Phase, […]
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The RBI has also directed Paytm Payments Bank to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.
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Hyderabad: As part of the Financial Literary Week (FLW), being held from February 14 to February 18 to disseminate financial literacy on the theme ‘Go Digital, Go Secure’ among the general public, Regional Director, Reserve Bank of India, Andhra Pradesh Telangana, K Nikhila in an event at RBI Regional Office, Hyderabad, unveiled the posters and […]
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New Delhi: The filing of a draft red herring prospectus (DRHP) by Life Insurance Corporation of India (LIC) has created a “positive buzz in the air” and the public issue will be a very positive development in the history of the country’s largest insurer, Union Finance Minister Nirmala Sitharaman said on Monday. Addressing a media […]
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The Reserve Bank of India’s decision to keep the repo rate unchanged at 4% for the 10th time in a row and to maintain the accommodative stance reflects a more cautious approach in the wake of an erratic economic recovery and the continued impact of the pandemic. The Monetary Policy Committee (MPC) in its last […]
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This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.
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Soon after presenting her shortest Budget speech yet that lasted for some 92 minutes, Finance Minister Nirmala Sitharaman addressed the media, directly. There were no opening statements. Sitharaman’s fourth Budget in a row neither tinkered with tax slabs nor raised the standard deduction, which was widely expected in view of elevated inflation levels and the […]
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By B Yerram Raju Urban Cooperative Banks (UCBs) form an important part of Indian banking and occupy about 7.5% of the financial sector space. Despite the failure of a few UCBs like Krushi, Charminar, and the PMC Bank lately, recognising the need for reforms in them as part of mainstream banking, the Reserve Bank of […]
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Hyderabad: It’s official now! The BJP government at the Centre has admitted that additional Central assistance in the form of loans for externally-aided projects in Telangana was going south while grants were nil for the past four years since 2017-18. The revelation by Union Minister of State for Finance Pankaj Chaudhary in Parliament on Monday […]
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Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval, subject to fulfilling of certain regulatory capital requirements. At present, banks incorporated in India can infuse capital in their overseas branches and subsidiaries, retain profits […]
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New Delhi: The government is likely to bring a bill in the ensuing winter session of Parliament to bar all but a few private cryptocurrencies and create a framework to regulate digital currency issued by the RBI. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha […]
