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What is Reserve Bank of India (RBI)
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Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
Union Budget 2024: The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and on shop rentals
OIS rates, often seen as the clearest indication of future policy rate actions, are interest rate derivative products that move as per the expectations of rate trajectory
This announcement is in line with the Reserve Bank of India's decision to keep the repo unchanged at 6.5%
Risk weight back to pre-pandemic level of 50%
In which we munch over the week's platter of news and views
A comfortable level of foreign exchange reserves will further bolster macroeconomic stability, RBI Governor Shaktikanta Das said while announcing the bank's monetary policy decision on Thursday.
Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October
The deposits remaining unclaimed for 10 years in a bank are transferred to the 'Depositor Education and Awareness' (DEA) Fund maintained by RBI
FY24 inflation projection cut to 5.2%; growth forecast at 6.5%
Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said
After six consecutive hikes aggregating 250 bps, RBI hits a pause
His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
The repo rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022
The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock