Page 6 - Rbi

Surge in bank credit offtake leads to three-fold jump in CD issuance

Meanwhile, issuance of commercial papers---securities sold by companies to raise funds--dropped sharply to Rs 12.5 trn in FY23 (up to Feb 28) from Rs 19 trn over the same period last year

Fixed deposit interest rates to go up again? RBI hits at another hike

In the bulletin, the RBI said that the Indian economy is unlikely to face any major repercussions from the ongoing global financial turmoil

Top headlines: Govt to bring down tax burden, Foxconn gets Karnataka's nod

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Outward remittances under RBI's LRS in April-January surpass FY22

The figure in FY22 was the highest ever in any financial year

Inflows into NRI deposits more than double in April 2022-January 2023

Inflows into NRI deposits more than double in April 2022-January 2023

RBI snaps 2 months of dollar buys, net-sells $384 mn in market in Jan

Forward book surges $10.76 bn as central bank picks up dollars

India better placed than most to face turmoil, says RBI report

'Core inflation defies softening of input costs'

RBI directs all banks to keep branches open till Mar 31 for annual closing

With annual closing of accounts scheduled for March 31 as the financial year 2022-23 is ending, RBI has directed all banks to keep their branches open till working hours of the above-mentioned date

RBI sells net $384 million in spot foreign exchange market in January

The Reserve Bank of India sold net $384 million in the spot foreign exchange market in January, the central bank's monthly bulletin showed on Tuesday

Unlike global economy, India would not slow down in FY24: RBI article

Unlike the global economy, India would not slow down and maintain the pace of expansion achieved in 2022-23, an RBI article said on Tuesday. "We remain optimistic about India, whatever the odds," said the article on the state of the economy published in the March edition of the Reserve Bank bulletin. The NSO's end-February data release indicates that the Indian economy is intrinsically better positioned than many parts of the world to head into a challenging year ahead, mainly because of its demonstrated resilience and its reliance on domestic drivers, it said. Even as global growth is set to slow down or even enter a recession in 2023 as global financial markets wager, India has emerged from the pandemic years stronger than initially thought, with a steady gathering of momentum since the second quarter of the current financial year, it said. "Year-on-year growth rates do not reflect this pick-up of pace because by construction they are saddled with statistical base effects, and ..

UK learning from India's work in financial inclusion: London Lord Mayor

Scope for UK green finance investments in India, says Nicholas Lyons

Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed

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As liquidity tightens, call money rate jumps to 7% before easing

Advance tax, GST payments leading to tight liquidity; RBI may do more repos

India's steadying economy shows early signs of weakening consumption

Economic expansion may be under pressure as the "full-blown impact" of the Reserve Bank of India's 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the

RBI fines RBL Bank Rs 2.27 cr for failure on internal ombudsman scheme

Other charges levied against lender include non-compliance with RBI norms on credit card operations, code of conduct in outsourcing of financial services, and recovery agents engaged

US banking crisis: Key interest rates suggest RBI may go slow on tightening

The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB

Digital India boon for commoners but conmen get smarter, reveals RTI

"The RBI's reply was revealing and unnerving...Just as the digital economy is soaring, the fraudsters and scamsters on the prowl in the virtual world are becoming bolder," said Sarda

As liquidity tightens, RBI injects Rs 1 trn for largest infusion in 4 years

Tighter liquidity conditions have resulted in sharp rise in money market rates

RBI imposes fine of Rs 5,00,000 on HDFC over transfer of deposits

Reacting to the penalty imposed by the central bank, HDFC Ltd said, it will take necessary steps to comply with the directions

Indian banking system is stable, resilient: RBI governor Shaktikanta Das

Highlighting the developments in the United States banking system over the past weeks, wherein few banks have gone belly up, RBI Governor Shaktikanta Das said