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New Delhi: Taking into account the increase in prices since the housing loan limits were last revised and considering the customer needs, central bank Reserve Bank of India decided to increase the existing limits on individual housing loans by the cooperative banks. Accordingly, the limits for Tier I or Tier II urban cooperative banks shall […]
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Mumbai: The Reserve Bank of India on Wednesday retained its growth projection at 7.2 per cent for the current fiscal on the back of improvement in urban demand and gradual recovery in rural India. Unveiling the third monetary policy for the current fiscal, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the […]
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Mumbai: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI […]
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Hyderabad: The Reserve Bank of India (RBI) is reportedly considering using images of Rabindranath Tagore and APJ Abdul Kalam, alongside Mahatma Gandhi, on the new series of currency notes. According to a report by the New Indian Express, the Central Bank and the Security Printing and Minting Corporation of India (SPMCIL) have sent two sample […]
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By V Thiagarajan Nobel laureate Paul Romer writes that “For more than three decades, macroeconomics has gone backwards.” He sees economists no longer being concerned with whether or not their predictive models have any practical relevance and says we have entered an era of “post-real” macroeconomics. He has been proved right beyond any doubt. According to most […]
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Hyderabad: Telangana’s sound policies on power and irrigation coupled with effective implementation have had major spin-off effect on the ground water levels across the State that has been found to be critical for sustained agriculture practice. Not only has the youngest State in the country managed to pull off what was considered impossible by ensuring […]
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New Delhi: India’s gross domestic product during fiscal year 2021-22 is estimated at 8.7 per cent as compared to a contraction of 6.6 per cent in 2020-21, official data showed on Tuesday. The GDP grew 4.1 per cent year on year in Q4FY22, data showed. In the same quarter of FY21, it was 1.6 per […]
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New Delhi: The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems. “The Reserve Bank proposes to adopt a graded […]
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Hyderabad: There are hardly any Rs 2,000 notes coming out of ATMs. In fact, this denomination is barely seen changing hands. Reason? The Reserve Bank of India (RBI) has stopped printing new Rs 2,000 notes. Also, the supply is declining year on year. The apex bank has not supplied any new Rs 2,000 notes for […]
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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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HDFC and HDFC Bank merger sparks optimism, but regulatory costs, risks, and long-term integration challenges raise questions on sustained benefits
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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.
