RBI

Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC

Fundamentals would include commitment to an inflation target, maintaining buffers in the form of reserves, and following a prudent and forward-looking approach in financial sector policies

The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each, says Rahul Arora CEO-institutional equities at Nirmal Bang

Extant Sebi rules require disclosure of pledge of promoters' equity, but there's nothing that requires disclosure of the effective leverage

The government has budgeted to receive a total Rs 48,000 cr ($5.8 bn) from the RBI and other financial institutions it holds stakes in

The outcomes achieved on various work streams at the Finance Ministers and Central Bank Governors' meeting reflect the perspectives of both developing and developed nations

The rupee has moved within a band of Rs 81.5 per dollar to Rs 83 per dollar in six months

The Reserve Bank of India said it has imposed penalties on Standard Chartered Bank-India, TransUnion CIBIL, Equifax Credit Information Services, and other entities for contravention of various norms

Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30

However, there won't be an overall impact on reported profits as the FLDG amount received will now be reckoned as a part of income

The central bank has tightened supervision but governance challenges at banks remain.

The recapitalisation of banks, the slow absorption of bad loans in the system, and the normal growth that comes from a growing economy have led us to believe that PSBs are sailing smoothly

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

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TMS Ep407: Milk crisis, rising rentals, IT Q4 results, RBI's pause & pivot

Is India staring at a milk shortage? What do increasing rentals tell us about the economy? Will Q4 results of IT majors surprise the Street? What's RBI monetary policy's pause and pivot? Answers here

TMS Ep407: Milk crisis, rising rentals, IT Q4 results, RBI's pause & pivot

Is India staring at a milk shortage? What do increasing rentals tell us about the economy? Will Q4 results of IT majors surprise the Street? What's RBI monetary policy's pause and pivot? Answers here

A shakeout among fintech firms is very likely, as the stress on governance and compliance is set to go up many notches

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 brokerage said it agrees with the Reserve Bank's projections on price rise, and said that the worst of headline inflation is behind us. "However, the revised GDP growth forecast of 6.5 per cent in FY24 appears too optimistic, the brokerage said, adding that it estimates growth to slow down to 5.3 per cent. A slew of agencies and analysts has cut the FY24 growth forecasts in the recent past, with many of them pegging it under 6 per cent as well. Nomura said it expects a downside of over 1 percentage point to the RBI's growth estimate on weaker global growth, high uncertainty and the lagged effects of domestic policy tightening. The RBI had attributed the upward revision in growth to a dip in crude oil prices to USD 85 per barrel as against USD 90 per barrel. After announcing the policy, Governor ...

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.