[ad_1] Sanjiv Bajaj, president of the Confederation of Indian Industry and CMD of Bajaj Finserv. File | Photo Credit: The Hindu The Reserve Bank of India’s rigorous supervision and monitoring is helping keep India banks healthy, according to Sanjiv Bajaj, president of the Confederation of Indian Industry and CMD of Bajaj Finserv. “Our own growth as […]
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[ad_1] File photo of SBI group chief economic adviser Soumya Kanti Ghosh. Mr. Ghosh recently said RBI should consider decoupling from the U.S. Federal Reserve. | Photo Credit: The Hindu The RBI should “pause and think” if it can continue mirroring the U.S. Federal Reserve “stroke by stroke” in terms of rate hikes or decouple […]
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[ad_1] RBI Monetary Policy Committee member Jayanth R. Varma. Photo: iima.ac.in India’s economic growth appears to be ‘very fragile’ and it may fall short of what the country needs to meet the aspirations of its growing workforce, RBI Monetary Policy Committee (MPC) member Jayanth R. Varma said on February 26. In India, Mr. Varma said […]
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[ad_1] European Union flags flutter outside the EU Commission headquarters, in Brussels, Belgium | Photo Credit: Reuters EU approves 10th package of Russia sanctions on anniversary of invasion The European Union, after hectic last-minute haggling, has approved a tenth package of Russia sanctions on the anniversary of Moscow’s invasion of Ukraine, the Swedish EU Presidency said late on […]
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[ad_1] 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 December 23. Mr. Varma further said out of the four engines of growth for the economy, […]
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[ad_1] India’s Reserve Bank Governor, Shaktikanta Das, warned the next financial crisis can be triggered by private cryptocurrencies, if allowed to grow. | Photo Credit: Reuters Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative […]
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[ad_1] Reserve Bank of India (RBI) Deputy Governor Michael Patra. File. | Photo Credit: Reuters The balance of risks is increasingly tilted towards a darkening global outlook and emerging market economies (EMEs) appear to be more vulnerable, even though incoming data suggest that global inflation may have peaked, Reserve Bank of India officials led by […]
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[ad_1] “Banks have written off ₹11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,” Parliament was informed on December 20. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of […]
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[ad_1] Shaktikanta Das highlighted the proactive and supportive role of the RBI in providing conducive policy environment for responsible innovation. | Photo Credit: Reuters Reserve Bank of India Governor Shaktikanta Das has asked financial technology (FinTech) firms to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks. On […]
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[ad_1] A man ties a balloon to the horns of a bull statue at the entrance of the Bombay Stock Exchang.in Mumbai. File photo | Photo Credit: Reuters The Benchmark indices climbed in early trade on Tuesday, December 13, 2022, amid firm global market trends and as retail inflation dipped below the RBI’s upper tolerance […]
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