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Anirudha Yerunkar August 26, 2024 3:12 PM IST
Referring to the country's experience, Das said DPI has enabled India to achieve, in less than a decade, levels of financial inclusion that would have otherwise taken several decades.
Anirudha Yerunkar June 26, 2024 3:35 PM IST
Connecting lower inflation with growth aspirations, the RBI governor said a lower level of price rise can ensure sustainable growth.
Anirudha Yerunkar April 5, 2024 10:05 AM IST
Repo rate is the rate at which the RBI lends short-term funds to banks. The repo rate is currently at 6.5 percent and has not been changed since April 2023.
Anirudha Yerunkar April 5, 2024 8:53 AM IST
After the RBI latest monetary policy meeting, many global rating agencies revised India's GDP growth forecast upwards. Finance Minister Nirmala Sitharaman, also said that India will grow over 8 per cent in FY24.
Anirudha Yerunkar March 7, 2024 8:34 AM IST
India's gross domestic product (GDP) grew 8.4 per cent in the October-December period, boosted by double-digit expansion in the manufacturing sector, according to official data released on Thursday.
India.com News Desk February 8, 2024 6:02 PM IST
RBI Governor Shaktikanta Das said that Paytm flaunted regulatory guidelines and failed to comply which ultimately led to the stern action against the fintech.
Abhijeet Sen October 6, 2023 3:41 PM IST
The RBI has extended the card-on-file tokenisation or token creation facility at the level of the issuer bank. It was earlier available only through merchant applications or websites. This means that customers can now tokenise their cards directly with their banks instead of having to do so through a merchant. This will make the tokenisation process more convenient and secure for customers.
India.com Business Desk February 8, 2023 10:16 AM IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has announced that the monetary policy committee (MPC) has decided on a majority to hike the repo rate by 25 basis points to 6.5 per cent.
India.com Business Desk February 8, 2023 9:29 AM IST
In this financial year, RBI first hiked the policy rate by 40 bps in May 2022, followed by three consecutive rate hikes to the tune of 50 bps each between June to October and 35 bps in the December meeting.
India.com Business Desk January 6, 2023 3:31 PM IST
As per the estimates of the IMF, the Governor said the South Asian region contributed 15 per cent to global growth, led by India and Bangladesh.
India.com Business Desk December 21, 2022 6:01 PM IST
US authorities last week arrested former FTX CEO Sam Bankman-Fried from the Bahamas and officially charged him with defrauding investors after the collapse of the cryptocurrency exchange platform.
India.com Business Desk September 30, 2022 4:52 PM IST
Reserve Bank of India Governor Shaktikanta Das announced the the interest rates have been hiked by 50 basis point to 5.90 per cent with immediate effect.
India.com Business Desk June 9, 2022 5:19 AM IST
RBI MPC LIVE Updates: The Reserve Bank of India on Wednesday increased the repo rate by 50 basis points to 4.90%. The current repo rate is 4.40% after the rates were increased by 40 basis points at an off-cycle meeting of the Monetary Policy Committee.
IANS August 19, 2019 5:08 PM IST
The RBI consumer confidence survey showed a drop in consumer confidence in July on account of a pessimist outlook on job creation and on the overall economic scenario.
India.com Business Desk February 9, 2019 6:55 AM IST
Soon after the RBI's move, state-run Bank of Maharashtra had also announced a 0.05 per cent cut in its MCLR for sixth-month loan tenor.
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