Tag Archives: RBI

The decline in India‘s foreign exchange reserves that started a month and a half ago is continuing. In the week that ended on November 15, the country’s foreign exchange reserves registered a massive decline of $ 17.76 billion, after which it came down to $ 657.89 billion. Let us tell …

Municipal corporations should levy adequate user charges on essential services such as water supply and sanitation to raise non-tax revenue and provide quality public services, a Reserve Bank of India (RBI) report said. The ‘Report on Municipal Finances’ 2019-20 to 2023-24 (Budget Estimates) takes a deep look at the fiscal …

The demand for relief from increased EMI of loans has now been raised by the government. Commerce and Industry Minister Piyush Goyal said on Thursday that the Reserve Bank of India (RBI) should cut interest rates and boost growth. Goyal, a chartered accountant (CA) turned politician, said in a TV program …

The Reserve Bank of India released the latest data related to foreign exchange reserves on Friday, which were not good at all according to the government. According to the RBI, in the week that ended on November 1, India’s foreign exchange reserves fell by 2.67 billion dollars to 682.13 billion dollars. …

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 …

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 …

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 …

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 …

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 …

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 …