Page 137 - Finance News

RBI MPC: Inflation remains a key concern, Das expects relief in Q4 FY25

The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation

Rupee rises 7 paise to 84.64 against US dollar during early trade

Forex traders said fresh foreign fund inflows supported investor sentiments

RBI keeps repo rate unchanged at 6.5%, lowers FY25 GDP growth forecast

Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future

RBI MPC: Policy likely to ease through liquidity if not rates, say analysts

MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut

RBI Monetary Policy: Date, time, & where to watch Shaktikanta Das live

The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know

Over 70% MSMEs use biz loans for immediate financial needs: Study

There is higher demand for working capital expenses, emphasising the liquidity challenges and short-term cash flow gaps faced by businesses in managing their day-to-day operations

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund

NBFC-MFIs' asset growth to moderate at 5% in FY25 on stricter norms: ICRA

Icra has assigned a negative outlook on the sector, given the significant near-term headwinds on growth, asset quality and profitability

RBI adds 27 tonnnes gold to country's reserve in October, says WGC

According to the data, with this purchase the total gold reserve of India is now at 882 tonnes, of which 510 tonnes are held in India

RBI set to announce decision on key interest rate on Dec 6 at 10 am

Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate (repo), and will possibly tinker with cash reserve ratio (CRR)

Banking system liquidity surplus touches Rs 1 trn, shows RBI data

Analysts said that the liquidity improved on the back of government spending; however, it is expected to fall into deficit mode soon due to tax outflows

Rupee touches new low, bond yields soften as MPC meeting gets underway

The rupee depreciated to a new closing low of 84.74 per dollar on Wednesday due to a rise in the dollar index and strong demand for the greenback among importers, said dealers

Allow use of non-financial transactions to decide a/c status: SBI to RBI

Current regulatory norms permit only credit and debit transactions to render an account operational.

MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024

Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year

Climate change affects financial system, need regulatory checks: RBI Dy Guv

Rao said the RBI has been proactive to mitigate the climate change risks that may impact the financial system

Banking law amendments to make inheritance of deposits unambiguous

To improve governance, customer services says experts

PSBs urge CBI for timely FIR registration, regular updates on case progress

The Department of Financial Services (DFS) on Wednesday organized a coordination meeting on vigilance matters of PSBs

RBI enhances UPI Lite wallet limits, updates offline payments framework

Earlier, the per-transaction limit and wallet limit for transactions made through Unified Payments Interface (UPI) Lite were set at Rs 500 and Rs 2,000, respectively

Net growth in deposits higher than advances by Rs 5.68 trn between 2020-24

Deposit growth of Indian banks had been lagging behind credit growth since the fortnight ending March 25, 2022

Food inflation in policy formulation a complex issue: EAC-PM member Shah

In July, Chief Economic Advisor V Anantha Nageswaran pitched for excluding food inflation from policy formulation which set it a fierce debate in policy circles with RBI resisting any such move