Photo source: PTI RBI may raise rates by 75 bps by August: SBI economists Highlights At least 59% of accelerated inflation is responsible for the war in Ukraine, SBI economists say. The RBI is set to raise rates by another 0.75 per cent Economists say they have conducted a study on the impact of the …
RBI may hike rates by 75 bps by August: SBI Economists Read More »
Photo source: AP (file image) Crypto could lead to dollarisation of economy: RBI officials on equal panel. Cryptocurrencies could be a “dollarisation” of a part of the economy that would be against India’s sovereign interests, top RBI officials told a parliamentary panel, according to sources. At a briefing of the Parliamentary Standing Committee on Finance, …
Cryptos can lead to dollarisation of economy: RBI officials to par panel Read More »
Photo source: File photo Ranjan holds a PhD in Economics from the University of Mumbai and a Masters Degree in Economics from the Delhi School of Economics. The Reserve Bank on Friday said that Sitikanta Patnaik and Rajiv Ranjan have been appointed as executive directors from May 1. Ranjan will also serve as an ex-officio …
RBI appoints Ranjan, Pattanaik as executive directors Read More »
Photo source: FILLE PHOTO CPI (Consumer Price Index) -based inflation averaged 5.5 percent in FY22, 50 basis points lower than the upper limit of the RBI Monetary Policy Committee’s inflation band. The finance ministry on Thursday said the measures taken by the RBI and the government would curb the period of high fuel inflation due …
Steps taken by RBI and govt to cut duration of high inflation: Finmin report Read More »
Photo source: File photo Representative images. State Bank of India, the country’s largest lender, on Tuesday announced a 40-90 basis point increase in interest rates on several bulk term deposits. The revised interest rate on bulk term deposits of Rs 2 crore and above will be effective from Tuesday, the bank said. The interest rate …
SBI hikes interest rates on bulk term deposits by 40-90 basis points Read More »
Photo source: PTI (file) The embedded value of LIC is Rs 5,39,686 crore and the underlying market capitalization of its issue post is Rs 6,00,242 crore which is 11.2 per cent premium on its IEV. LIC manages assets worth Rs 39 lakh crore, or more than the entire mutual fund industry. According to a note …
LIC owns 4% of all listed stocks in India, more government bonds than the RBI Read More »
Photo source: PTI RBI fines Central Bank of India Rs 36 lakh for violating consumer protection rules Highlights On Friday, the Reserve Bank said it had imposed a fine of Rs 36 lakh on the Central Bank of India. The RBI, by an order dated April 18, 2022, imposed a financial penalty. The penalty was …
Photo source: File photo From April 18, the trading hours of these markets will be from 9 am to 3.30 pm, the central bank said in a statement on Monday. “ Highlights Trading in RBI-controlled markets will start from April 18 at 9 am Trading hours of various markets regulated by RBI were changed on …
RBI increases trading time; share market to begin at 9 am from April 18 Read More »
Photo source: PTI (file) Soon cardless cash withdrawal facility across ATM network of all banks: RBI Highlights The facility is proposed to be made available through Unified Payment Interface Such transactions will be settled through the ATM network To prevent fraud, the Reserve Bank on Friday decided to allow all banks to withdraw cardless cash …
Card-less cash withdrawal facility across all banks’ ATM network soon: RBI Read More »
Photo source: PTI (file) Will the RBI raise interest rates in the first monetary policy of the current financial year? Which is what the experts say The Reserve Bank of India’s rate-setting panel on Wednesday began discussions to strengthen its next bi-monthly monetary policy, saying it could maintain interest rate stability but change its monetary …
Will RBI increase interest rate in next bi-monthly monetary policy? What experts say Read More »