A domestic rating agency Crisil on Tuesday said the recent notification by the Reserve Bank of India (RBI) asking financiers to review gold loan practices could slow loan growth in the near term and lead to increased asset quality stress. Potentially, this could impact gold loan disbursements during the transition …
Read More »What was the impact of the increase in interest rates from May 2022 on inflation, RBI document told this
The cumulative interest rate hike of 2.5 percentage points by the Reserve Bank of India (RBI) since May 2022 has negatively impacted headline inflation by 1.60 percent. This has been stated in a paper written by senior RBI staff on Monday. According to PTI News, the paper, written by Deputy …
Read More »This reversal happened in India’s foreign exchange reserves, this much was recorded as the total figure, know about the gold reserve
India’s foreign exchange reserves fell by $10.746 billion to $690.43 billion in the week ended October 11, one of the biggest declines in recent times, the Reserve Bank of India said on Friday. The country’s foreign exchange reserves have declined for the second consecutive week. The reserves had fallen by …
Read More »India’s software services exports stood at US$205.2 billion in FY2023-24
India’s total exports of software services rose to USD 205.2 billion during 2023-24 from USD 200.6 billion in the previous fiscal. According to this survey of the Reserve Bank of India, this also includes services provided by foreign affiliates of Indian companies. According to PTI news, according to data related …
Read More »SBI is bringing a unique investment product, you will get the benefits of RD and SIP together, read full details
The country’s largest bank, State Bank of India (SBI) is preparing to bring a completely new and unique investment product to attract investors. This new investment product will combine the benefits of RD and SIP. SBI Chairman CS Shetty has given this information. He has said that to attract depositors, the …
Read More »Yes Bank: There is a hurdle in selling Yes Bank, every bidder wants 51% stake, talks are not progressing on any deal
Yes Bank: The process of buying a stake in the private sector Yes Bank may be in danger due to the bidders’ insistence on keeping a 51 percent stake in the bank. An informed source expressed this apprehension on Thursday. When asked whether the deal would be completed by the …
Read More »Foreign Exchange Reserves: India’s foreign exchange reserves reached a new record level, increased to so many billion dollars
Foreign Exchange Reserves: The country’s foreign exchange reserves rose by $ 2.299 billion to a new record level of $ 683.987 billion in the week ended August 30. The Reserve Bank of India (RBI) gave this information in the data released on Friday. In the previous week, the foreign exchange …
Read More »NBFC depositors will be able to withdraw the entire deposit amount within three months, this will be the condition, know whether interest will be paid or not
If you have money deposited in an account of a non-banking financial company (NBFC), then you will be able to withdraw the entire amount within the first three months of accepting the deposit. The Reserve Bank of India said this on Monday. But it also said that the condition will …
Read More »UPI Transaction Limit: Reserve Bank of India Governor Shaktikanta Das made a big announcement on Thursday regarding the limit of UPI transactions. RBI has increased the limit of UPI transactions by 5 times to Rs 5 lakh. Announcing the decisions taken in the MPC meeting, RBI Governor Shaktikanta Das said …
Read More »Weekend Banking Bonanza: RBI Cancels Holiday, Banks Open on Saturday-Sunday! Find Out Which Services Are On
Bank Open on 30-31 March 2024: Enhancing Taxpayer Convenience In a move aimed at enhancing taxpayer convenience, the Reserve Bank of India (RBI) has issued directives for banks to remain open on Saturday and Sunday, the 30th and 31st of March 2024. This decision comes as the financial year draws …
Read More »