Tag: RBI news

RBI report shows credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23

RBI report shows credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23

cpooldigitalLeave a Comment on RBI report shows credit growth spurs public lenders’ balance sheets to 10-year high in first half of FY23

The Reserve Bank has raised rates aggressively this year to tame inflation.  | Photo Credit: Reuters Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth momentum, […]

Continue Reading
RBI soft-pedals on rate hikes, but may not have hit the brakes yet

RBI soft-pedals on rate hikes, but may not have hit the brakes yet

cpooldigitalLeave a Comment on RBI soft-pedals on rate hikes, but may not have hit the brakes yet

The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]

Continue Reading
RBI likely to moderate interest hike: Experts

RBI likely to moderate interest hike: Experts

cpooldigitalLeave a Comment on RBI likely to moderate interest hike: Experts

Reserve Bank of India (RBI) logo. Image used for representative purpose only. | Photo Credit: Reuters After three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35 bps in lending rates at its coming monetary policy review on Wednesday amid retail inflation showing signs […]

Continue Reading
India likely to remain fastest growing major economy: Das

India likely to remain fastest growing major economy: Das

cpooldigitalLeave a Comment on India likely to remain fastest growing major economy: Das

RBI Governor says expects October’s retail inflation reading to be ‘lower than 7%’ RBI Governor says expects October’s retail inflation reading to be ‘lower than 7%’ Reserve Bank Governor Shaktikanta Das on Saturday exuded confidence that India will continue to be the fastest growing major economy with a likely growth rate of 7% in 2022-23 […]

Continue Reading
Demonetisation behind the buoyancy in tax collections, says RBI MPC member

Demonetisation behind the buoyancy in tax collections, says RBI MPC member

cpooldigitalLeave a Comment on Demonetisation behind the buoyancy in tax collections, says RBI MPC member

Demonetisation enhanced digitisation and formalization in the economy and reduced tax evasion, said Ashima Goyal Demonetisation enhanced digitisation and formalization in the economy and reduced tax evasion, said Ashima Goyal RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will help the nation […]

Continue Reading
RBI issues ‘Alert List’ on entities not authorised to deal in forex trading

RBI issues ‘Alert List’ on entities not authorised to deal in forex trading

cpooldigitalLeave a Comment on RBI issues ‘Alert List’ on entities not authorised to deal in forex trading

The central bank said it has been receiving references seeking clarification on the authorisation status of some ETPs The central bank said it has been receiving references seeking clarification on the authorisation status of some ETPs The Reserve Bank of India (RBI) on September 7 came out with an ‘Alert List’ containing the names of […]

Continue Reading
RBI cuts FY22 dividend payout to Centre to ₹30,307 crore

RBI cuts FY22 dividend payout to Centre to ₹30,307 crore

cpooldigitalLeave a Comment on RBI cuts FY22 dividend payout to Centre to ₹30,307 crore

The Reserve Bank of India [RBI] on May 20 said its board had approved the transfer of ₹30,307 crore as surplus to the Union government for the fiscal year 2021-22, while deciding to maintain the Contingency Risk Buffer at 5.5%. The RBI had previously transferred ₹99,122 crore for the nine months ended March 31, 2021 (July […]

Continue Reading