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HDFC Bank proposes ₹35.9 crore in annual compensation for incoming MD & CEO Anup Bagchi, including ₹26.92 crore in variable pay, besides a ₹7.35 crore joining bonus
RBI's October Monetary Policy Report flags widening price pressures across goods and services, with food and fuel inflation adding to concerns over second-round effects
Bank deposits will join the Consolidated Account Statement (CAS) from January 1. But will the move finally give consumers a complete picture of their financial life?
India's inflation rose to 4.8% in August from 3.4% in March, with food and fuel leading the rise, while core prices and services are now showing signs of wider pressure
The RBI's previous rate cycle shows that changes in the repo rate did not translate equally into loan and deposit rates, with the impact varying across borrowers and Depositors
The RBI's latest surveys show a widening gap between household price concerns and economic confidence, even as spending intentions remain resilient across urban and rural India
With inflation risks rising, RBI signals a measured tightening cycle ahead
RBI removes Paytm Payments Bank from the scheduled banks list after cancelling its banking licence over regulatory non-compliance
Rural incomes are becoming less dependent on monsoons as allied activities, irrigation and diversification cushion the impact of rainfall shortfalls.
RBI Governor Sanjay Malhotra says profit or surplus is incidental to the central bank's operations, stressing overall economic benefits amid questions over swap costs.
Depending on growth-inflation dynamics, the repo rate could rise to 6-6.25 per cent next year
Even in the case of entities, there is a provision for self-declaration up to a cap of ₹10 lakh per bill, Governor Sanjay Malhotra said
The RBI raises the repo rate to 5.5% as inflation risks broaden, while keeping its growth outlook firm. Here are the key takeaways from Governor Sanjay Malhotra's statement
RBI Governor Sanjay Malhotra said a small MDR on select UPI payments is unlikely to materially affect transaction volumes as the new charge takes effect from October 15
VK Vijayakumar said that the pivot in stance, alongside an evolving macroeconomic outlook, strongly signals that two more rate hikes are highly probable in this tightening cycle.
Ambareesh Baliga said he does not see a rate-easing cycle even if the West Asia situation is resolved. However, if the situation remains unresolved, he expects further rate hikes by the central bank.
Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements
The RBI MPC has raised the repo rate by 25 basis points to 5.5 per cent. Here is a look at the central bank's five previous rate hikes and the inflation backdrop at the time
The RBI will allow interoperability among account aggregators and enable bank deposit details in consolidated account statements, alongside a new financial markets committee
During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion