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Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system.
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Mumbai: The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI Governor-headed […]
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He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.
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Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance amid the second COVID wave.
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Industry expects a status quo on benchmark rate on account of uncertainty over the impact of Covid second wave
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It also suggested to re-consider severe restrictions on capacity and eligibility requirements, limit on number of audits.
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The decision to transfer the surplus to the central government was taken at the meeting of the Central Board of Directors of RBI
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Borrowers that are individuals and micro, small and medium enterprises (MSMEs) having an aggregate exposure of up to Rs 25 crore would be considered for the new scheme.
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The RBI ruled to impose a ban on American Express Co and Diners Club International from issuing new cards in India.
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Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.
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The Reserve Bank will announce the resolution of the Monetary Policy Committee (MPC) on April 7.
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Savings plunge 10.4% in Q2, shows RBI report.
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Crisil analysis has found that none of the AMCs is exposed to the risk though 36 schemes.
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The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year
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The move is intended to make the process of redress of grievances easier by enabling the customers of the banks
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"The wholesale NBFCs that have been using structuring to fund land acquisitions have generally been averse to funding land acquisitions over the last couple of years.
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The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.
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The Governor made the comments while delivering the 39th Nani Palkhivala Memorial Lecture on Saturday.
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On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.
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UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.
