Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages
The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points
Loans linked to policy repo rate to fall
Currently, Indian household gold reserves stand at 25,000 tonnes
The floor price for the QIP was set at ₹42.62 per share which was a discount of 9 per cent from Monday's closing at Rs 46.85 per share on BSE
As a central bank, he said the RBI is mindful of its role in addressing and mitigating risks to the financial system from climate change
The latest numbers from the RBI show it added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote in a post Sunday night on his Truth Social site. I have instructed my Secretary of the US Treasury to stop producing new pennies. The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation on issues ranging from immigration, to gender and diversity, to the name of the Gulf of Mexico. Trump had not discussed his desire to eliminate the penny during his campaign. But Elon Musk's so-called Department of Government Efficiency raised the prospect in a post on X last month highlighting the penny's cost. The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 .
Ireland is especially exposed to President-elect Donald Trump's pledges to slash corporate tax and incentivise industries to bring production back to the US
The Fed commenced tightening from mid-March 2022, with a 25 basis points (bps) increase in the policy rate. By June 2022, the policy rate in the US had jumped by 150 bps
Recoveries from written-off accounts, treasury income boost bottom line
The Reserve Bank of India has been publicly asking supervised entities to ensure compliance with norms and that consumer interest is protected
Most large central banks have been grappling with high inflation rates over the past couple of years after having misjudged the early warning signs
China too, which is running the world's largest pilot scheme, has seen use of its protype e-CNY nearly quadruple to 7 trillion yuan ($987 billion) of transactions according to officials
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance magazine. "Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta has been rated 'A+', in the Global Finance Central Banker Report Cards 2024," the RBI said in a post on X. Das has been placed at the top of the list of three central bank governors, who have been rated A+. Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management, according to a statement by Global Finance magazine. An 'A' represents excellent performance, while an 'F' for outright failure. Denmark's Christian Kettel Thomsen, India's Shaktikanta Das and Switzerland's Thomas Jordan have been ranked under the 'A+' category of central bankers. "Central bankers have waged war against inflation over the past few years, wielding their primary weapon: hig
The rate easing cycle in Asia's third-largest economy should begin with a 25-basis-point cut in December, Jain said, mirroring the market view
Speculation has grown that the Bank of Japan will raise interest rates on Wednesday at the same time as significantly reducing its monthly bond purchases
The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee
Last month the central bank forecast inflation would rise to around 2.6 per cent by the end of the year
Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves