Page 149 - Reserve Bank Of India

Central banks battling inequality? West might be catching up with India

A paper asks whether central banks should care about inequality. In India, the RBI has been doing it for decades

HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED

Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement

Retail inflation likely to ease in coming months: Finance ministry

The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports

We should see core inflation dipping: RBI MPC member Ashima Goyal

Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices

Monetary policy faces severe information constraints: RBI DG Patra

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

Installed power capacity in India doubled in last 10 years: RBI Data

Maharashtra has the highest installed capacity of power of 43,466 MW followed by 42,208 in Gujarat, RBI's 'Handbook Of Statistics On Indian States' showed

Interest subvention on KCC crop loan to continue in FY23, FY24: RBI

The government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modification for the financial years 2022-23 and 2023-24, RBI said

GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI

The AA network had been in discussion with the GSTN network for their onboarding for a long time as this would give financial institutions access to data regarding small businesses

Banks' overnight SDF balances eligible for LCR computation: RBI

Circular embraces all commercial banks, leaves out local area banks, RRBs and payments banks

GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists

The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end

Top Headlines: Oz parliament okays FTA with India, RBI rate hike & more

The Australian Parliament on Monday ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023

Key indicator suggests RBI may go for another 35 bps rate hike before pause

Swap rates decline post fall in US, India inflation

HDFC Bank, Canara Bank get RBI approval for rupee trade with Russia

Three others got permission earlier, but no deal so far

Indian states' fiscal deficit rose nearly 79 per cent after lockdown: RBI

The RBI's Handbook of Statistics on Indian States showed that apart from Arunachal Pradesh, Haryana, Sikkim and Odisha, all the states saw a higher fiscal deficit in FY21 as compared to FY20

NPCI holds talks with RBI on proposed December 31 volume cap deadline

National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on implementation of its proposed December 31 deadline for limiting the volume cap of players to 30 per cent. At present, there is no volume cap. So, two players -- Google Pay and PhonePe -- account for a market share of about 80 per cent. NPCI in November 2022 had proposed a 30 per cent volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk. In this regard, sources said, a meeting was convened to comprehensively look at all aspects. Besides NPCI officials, senior officials of the finance ministry and RBI also participated in this. At the moment, NPCI is evaluating all the possibilities and no final decision has been taken to extend the December 31 deadline, the sources said. NPCI has also received representations from industry stakeholders to extend the deadline and they are being examined, they added. According to the sources, NPCI

Outward remittances under liberalised remittance scheme jump 50% in H1

During the second quarter of FY23, remittances stood at $7.3 billion, compared to $5.2 billion a year ago

Global accounting standards convergence crucial for capital inflows: Khara

Khara said the accounting profession has contributed to identifying the quality of assets that are sitting in the books of various banks

Flows into NRI deposits surge in April-Sept, but outstanding amount falling

NRE deposits were at $100.8 billion in March

At the crossroads: How are ARCs to augment their capital to Rs 300 crore?

The asset reconstruction business is in for a big change, but there are doubts if this will lead to better results

RBI report flags large-scale variation in property tax collection in states

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in Delhi is much more than that of bigger states including Uttar Pradesh, Madhya Pradesh, Rajasthan