Bhubaneswar: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday expressed confidence that the Indian economy would be able to overcome the current slowdown and return to a high growth path soon. Speaking at the 49th state-level memorial meet of PrananathPatnaik after his felicitation on the occasion, Das said Indian economy continues to be […]
Apr 24, 2021
Mumbai: A recent survey conducted by the Reserve Bank of India (RBI) shows that the sentiment among the general public on the employment scenario in the country has declined significantly. The perception on the economic situation has also weakened, showed the survey. “Households’ sentiments on the general economic situation and the employment scenario declined further, […]
Apr 24, 2021
Mumbai: Domestic currency depreciated 13 paise to fall below the physiological mark of 71 a dollar on Monday. This comes after the Reserve Bank of India sharply lowered its FY20 growth forecast from 6.9 per cent earlier to 6.1 per cent. However, RBI expects 2QFY20 GDP growth at 5.3 per cent and it forecasts sharp […]
Apr 24, 2021
New Delhi: The Indian economy which has largely been subdued in the past few quarters and signs of a slowdown have cropped up, is likely to face several more risks in the near term, according to the Reserve Bank of India (RBI). The RBI in its Monetary Policy Report, October 2019, has also said that […]
Apr 24, 2021
Mumbai: Reserve Bank of India (RBI) has ruled out any special liquidity facility for Non Banking Financial Institutions (NBFCs) saying there is enough in the system to meet their needs for borrowings and it is for the lenders to take a call on lending to the NBFCs. “Reserve Bank’s position is that there is adequate […]
Apr 24, 2021
Mumbai: RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this stage and will again depend on the next deliberations […]
Apr 24, 2021
Mumbai: The Reserve Bank of India on Wednesday rejected the merger of Lakshmi Vilas Bank and India Bulls Housing Finance Ltd, months after the bank had sought its approval on May 7. “The RBI vide their letter dated October 9, 2019, informed that the application for voluntary amalgamation of Indiabulls Housing Finance Ltd and Indiabulls […]
Apr 24, 2021
Mumbai: Indian banks’ credit growth rate, for the first time this fiscal, slowed to single digit at 8.8 per cent to Rs 97.71 lakh crore during the fortnight to September 27, according to the Reserve Bank of India supplementary data. During the same period, deposits climbed 9.4 per cent. Outstanding loans rose Rs 596.53 trillion […]
Apr 24, 2021
Mumbai: The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there. In a circular addressed to chief executives of all cooperative banks, the RBI has asked them to replace the […]
Apr 24, 2021
New Delhi: The apex bank, in its monetary policy report, said the forward looking indicators suggest that world trade is likely to slow down further this year. “The slowdown in global trade, which began in the later half of 2018, has continued in 2019, with contribution from EMEs slipping into contraction in 2019. Forward looking […]
Apr 24, 2021
New Delhi: Bringing relief to thousands of stressed account holders of Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India today raised withdrawal limit to Rs. 40,000 from earlier withdrawal limit of Rs. 25,000. “The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to […]
Apr 24, 2021
Chennai: Has the Indian moon lander Vikram been found or not is a question that the US space agency National Aeronautics and Space Administration (NASA) will soon be able to answer. A NASA official had earlier told IANS in New York that on October 14, its Lunar Reconnaissance Orbiter (LRO) would fly over the site, […]
Apr 24, 2021
Of late, the Bollywood industry has been able to produce super-hot actresses who not only grab good movies but blaze the internet with their sexy and sizzling pictures from a photo-shoot. Actress Disha Patani is one such name. Every time she shares her workout videos or just poses by a pool in a bikini, raises […]
Apr 24, 2021
Bhubaneswar: Overnight refurbishments undertaken at government hospitals in the State in view of State 5T secretary VK Pandian’s visit have turned out to be mere eyewash as reality check at many District Headquarters Hospitals have revealed that the health care institutions still reel under manifold problems. However, after Pandian’s visit, deplorable condition of majority of […]
Apr 24, 2021
Mumbai: In what could mean further rate cuts by India’s central bank, RBI Governor Shaktikanta Das has said at the bi-monthly monetary policy committee (MPC) meeting here earlier this month that “there is policy space to address growth concerns”, according to the minutes of the MPC meeting released on Friday. In 2019, the Reserve Bank […]
Apr 24, 2021
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