Page 49 - Rbi

Banks write off loans worth Rs 10 trn in last 5 years: MoS Finance

During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year, Minister of State for Finance Bhagwat K Karad said

Taking action against dubious digital loan apps, says FM Sitharaman

Most of the dubious apps are originating from one particular country and as a result a lot of borrowers are harassed and money is being extorted from by these apps, she said

RBI's financial inclusion index rises; showing growth across all segments

The RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters

West Bengal's share in small savings rises to highest since pandemic began

Maharashtra has also seen an increase in net collections in recent years

Top Headlines: Debate on RBI rate hike, Zomato biz structure change & more

Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal

ICICI Bank, Bank of India, Indiabulls hike rates ahead of MPC meeting

The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount

UPI records 6 billion transactions in July, highest ever since 2016

UPI crossed 1 billion transactions for the first time in October 2019, almost three years after its launch

Falling commodity prices may soften inflation, but it may remain elevated

Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday

RBI Policy: How has inflation fared since the last monetary policy meeting?

Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June

Earnings, macro data, RBI rate decision to drive markets this week

On the earnings front, big names like ITC, M&M, Dabur, Titan and Interglobe Aviation, along with several others, will declare quarterly results this week

How much rate hike this week: 50 or 35 bps?

I would root for a 50-bps hike for now to demonstrate the RBI's resolve to fight inflation and stem deprecation of the rupee. Then it can cross the river by feeling the stones

Even critics 'appreciating' Narendra Modi govt's handling of economy: BJP

The comments came a day after former RBI governor Raghuram Rajan said India is not facing the kind of problems which have hit Sri Lanka and Pakistan.

Deadline for Srei resolution extended for third time, new date is Aug 10

RBI superseded group firms in October 2021 over governance concerns and payment defaults

RBI gives payment aggregators another window till Sep to apply for licence

PAs should have a minimum net worth of Rs 15 crore as on March 31, 2022

When $640 billion is not enough

To be fair, the RBI has broadly done well in terms of managing the currency since the outbreak of the pandemic

Indian diaspora, global bankers may profit from New Delhi's dollar crunch

India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

Top Headlines: Centre's capex Q1 outlay, Fed hikes rates by 75 bps, & more

Business Standard brings you the top headlines at this hour

Cereal prices rise due to low stocks, high demand amid patchy rains

In case of paddy, patchy monsoon since the start of June over the main paddy growing regions of UP, Bihar, Jharkhand, West Bengal and Odisha has pulled down acreage

IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage

Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years