Economic Survey had pegged FY23 GDP growth higher at 8-8.5%
India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced
While economists and the Reserve Bank of India aren't ringing any alarm bells just yet, investors are watching closely given the rupee's slump to an all-time low last month
RBI said this directive should be placed in the immediate next meeting of the Board of Directors for information
In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India
The RBI's average daily absorption of excess liquidity was at Rs 3.8 trillion during June-July against Rs 5.5 trillion in May and Rs 7.4 trillion a month ago
The compliance function would ensure strict observance of all statutory and regulatory requirements. UCBs with deposits of more than Rs 1,000 crore fall under Tier-3 & 4 categories
Recently secured shareholder approval to approval RBI; has database of 100 mn users
The government is working on a comprehensive indirect tax regime for crypto assets which will check revenue loss to the exchequer
At present, IRCTC already has I-PAY, its in-house payment gateway
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The RBI's Monetary Policy Committee (MPC) is likely to lift the policy repo rate by 35-50 basis points (bps) on September 30, according to a Business Standard poll
There has been exponential growth in P2P lending in recent years
Many expect the RBI to lower the GDP growth estimate to 7%
Ex-RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow
A tokenised card transaction is considered safer as the actual details of the card will not be shared with the merchant during transaction processing
RBI's forward purchases fell $9 bln in July as interventions spread across spot, forwards
On the exchange rate, the report said the rupee was holding its poise, with adequate supplies of dollars
India, like many other countries, is currently not FATF-compliant on crypto assets
The measures have brought in $1.5-2 billion so far; response to relaxed FX norms tepid as US rates higher, RBI not acting as counterparty