Page 169 - Reserve Bank Of India

Broad-based, double-digit annual growth seen in bank credit in Q1: RBI data

RBI data showed the metropolitan regions saw maximum acceleration with YoY credit growth vaulting from 2.7% in June 2021 to 13.2% in June 2022

Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

Google removes over 2,000 personal loan apps since Jan on safety concerns

Several borrowers have complained of harassment and blackmailing on loan repayment on the platforms

Listed private non-finance companies log 41% sales growth in Q1FY23: RBI

The Reserve Bank of India (RBI) on Thursday said the first quarter of FY23 saw listed private non-financial companies log 41 per cent sales growth

P2P lending: What's that?

Is it a liquid fund? Is it a fixed deposit? Is it a collective investment scheme?

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

Digital lenders seek clarifications from RBI on end-use cases, APR

There are reports that payment aggregators are also looking to knock on the RBI doors as their role has been eliminated

RBI aims to bring down inflation to 4% in two years: Shaktikanta Das

Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says

New ODI regulations: Govt allows investment in financial services abroad

Holding less than 10% in an overseas entity not considered 'control'

Investing abroad rules revamped to increase ease

This should help Indian businesses take and manage overseas exposure

The case for pricing UPI transactions and what's at stake for banks

Banks pay a switching fee running into hundreds of crores every year for UPI, but have to offer the service for free

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development

Have expressed clear preference for front-loaded rate action: Jayanth Varma

I expect the rate-setting exercise to become increasingly data-driven in the months ahead, said Varma

'Delay by authorities can't result in denial of benefits'

The RBI has not stipulated any amount up to which the banks can write off the IDPMS or EDPMS entries automatically

State funds to popularise digital payment appropriated by banks: PCI chief

Payment aggregators have received nothing, says Vishwas Patel as RBI discussion paper starts debate

Private sector capex likely to lift off this fiscal, says RBI study

Loan sanctions at Rs 1.4 trn vs all-time high of Rs 4 trn in FY11

Demand for rental residential houses rose by 10-20% in 2022: Report

The highest rise in the demand for rental houses was seen in Mumbai and Bengaluru. In both the cities, the demand rose by 15-20 per cent as compared to 2019

RBI likely to set 7.23% cutoff yield on new 10-year bond: Reuters poll

RBI will likely set a cutoff yield of 7.23% on 130 billion rupees ($1.63 billion) of the new 10-year bond being auctioned on Friday, according to the median estimates in a Reuters poll

Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities

The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner

Rate hikes have not yet impacted car demand: Maruti Suzuki's top official

The hike in interest rates has not yet impacted demand for vehicles but the real picture will emerge once the semiconductor shortage issue is addressed and production gets normalised, according to a senior official of Maruti Suzuki India. With the launch of new products such as Grand Vitara and Brezza adding more to bookings, the company's pending orders have gone up to 3.87 lakh units, from around 2.8 lakh in the last quarter, Maruti Suzuki India Ltd (MSIL) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said. "Theoretically speaking, it should have a negative impact because interest rates going up (have an impact on) discretionary spending, which also includes spending on cars...but at the moment that we are not feeling that," he said in an interaction. He was responding to a query on whether the interest rate hike has impacted demand for cars. Earlier this month, the Reserve Bank of India (RBI) had raised the key interest rate by 50 basis points. This was the ..