Page 142 - Reserve Bank Of India

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

Free grain under NFSA: States to save on food bill, lose political mileage

Food subsidies are a major portion of subsidies provided by states

RBI to migrate payments fraud reporting module to Daksh on January 1

Reporting on the existing Electronic Data Submission Portal (EDSP) to stop completely once migration happens

India may need some durable liquidity infusion: MPC member Ashima Goyal

In a Q&A, she says the majority opinion is that the country has handled the turbulence well and can do so again, though the probability is low in the immediate future

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

In current milieu, invest in schemes with shorter duration: Manish Banthia

We believe the RBI will pause rates for a longer period after the rate hikes are over. This is a typical attribute of an economy in mid-cycle; a phase India is in currently, says Manish Banthia

RBI's forex reserves fall for first time in five weeks to $563.50 bn: Data

RBI likely resumed dollar sales to shield rupee from excess volatility

India's economic growth 'extremely fragile', needs support: RBI MPC member

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Friday. Varma further said out of the four engines of growth for the economy, exports and government spending supported the Indian economy through the pandemic, but other engines need to pick up the baton now. " I like to think in terms of the four engines of growth for the economy: exports, government spending, capital investment and private consumption. "...while exports cannot be the main driver of growth because of the global slowdown, government spending is necessarily limited by fiscal constraints," he told PTI. Observing that experts are waiting for many years for private investment to pick up the slack Varma said that concerns about future growth prospects appear to be deterring capital investment. "The critical question is whether the fourth engine

How to lock smartly into bank FDs as rates peak over next 2-3 quarters

Consider laddering to ensure liquidity and to avoid reinvestment risk

Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment

The benchmark 10-year yield ended at 7.3164%, the highest since Nov. 21 and after ending at 7.2867% on Wednesday

Launch of digital rupee a historic milestone, says RBI executive director

Terming the launch of digital rupee a historic milestone, RBI executive director Ajay Kumar Choudhary on Thursday said the currency would bring in a lot of operational efficiency in the system and will foster financial inclusion. As per the central bank digital currency (CBDC) tracker, almost 105 countries representing 95 per cent of the world's GDP have taken steps to inculcate digital currency in their ecosystem. Around 50 countries are at the advanced phase of exploration to launch the digital currency, while 10 countries have fully launched the digital currency, he said at an event organised by PHD Chambers of Commerce and Industry (PHDCCI). Digital rupee will add the resilience associated with innovation in the way payments are made, he said, adding, it will also boost innovation in the cross-border payment space. CBDC will give the public the desired experience while ensuring consumer protection but avoiding the damaging social and economic consequences, he added. RBI has ..

I'm sometimes reminded I'm supposed to have done history; I don't mind: Das

RBI Governor Shaktikanta Das on Wednesday replied to the 'history major central bank governor' taunt faced by him, questioning if Argentinian football legend Lionel Messi is also a post-graduate in history. An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponent facing Messi at a football arena in Qatar, to which Das replied with wit. "Don't mind it, but was Messi also a post-graduate in history? Not often, but I am sometimes reminded by people that I am supposed to have done history," Das said. Das, a bureaucrat who has done master's degree in history from Delhi University's St Stephen's College, was brought in as the RBI governor after the sudden exit of Urjit Patel in December 2018 following differences with the government. The first non-economist governor of the RBI in 28 years, Das recently completed four years at the helm, captaining the ship amid choppy waters and taking on crises like the Covid pandemic and th

Finance sector suffers from 'hyperactive regulatory activity': M Damodaran

Speaking at the summit, the former bureaucrat added the need for specialised talent in the regulatory bodies, ranging from lawyers to accountants and auditors

All entities providing banking service subject to same rules: RBI Dy Guv

Non-bank entities cannot be allowed to undermine the banking system, he says at Business Standard BFSI Insight Summit

BFSI Summit: Credit growth not exuberant, shows economic strength, says Das

'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'

RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes

MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive

Top Headlines: Upturn in capex cycle, formal job creation falls, and more

Business Standard brings you the top headlines at this hour

See upturn in capex cycle, growth momentum to pick up: RBI report

'Can't let our guard down on inflation'

RBI sold $922 million in foreign exchange market in October: Bulletin

Forward purchase book shrinks $10 bln as RBI spreads out interventions

Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data

International travel contributed over $970 million or 50 per cent of $1.92 billion remitted by Indians in October 2022