[ad_1] “I don’t see any negative impact of the note recall on the economy at all,” the RBI Governor said. Mumbai: Reserve Bank Governor Shaktikanta Das has said that within a month of the recall order, more than two-thirds of the Rs 2,000 currency notes have returned to the system. In a surprise move, but … Read more
[ad_1] MUMBAI: Differences between Reserve Bank of India officials and external members emerged in the June 8 monetary policy meeting minutes, with the central bankers taking a more hawkish stance while two members were worried about high interest rates hurting growth.The RBI, on Thursday, released minutes of the MPC meeting, which resulted in all members … Read more
[ad_1] NEW DELHI: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has announced a significant development regarding Rupay prepaid foreign exchange (forex) cards for Indian travelers going abroad.Announcing the decision of the MPC that met for three days from June 6 – 8, RBI Governor Shaktikanta Das said the Rupay debit … Read more
[ad_1] New Delhi: The Reserve Bank of India (RBI) announced its decision on key policy rates today following the conclusion of its three-day Monetary Policy Committee (MPC) meeting headed by Governor Shaktikanta Das. The RBI lowered its inflation forecast for the financial year 2023-24 to 5.1 per cent from an earlier estimate of 5.2 per cent. … Read more
[ad_1] RBI Governor said the committee will continue to take policy actions promptly New Delhi: The Reserve Bank of India (RBI) today kept the key lending rate unchanged at 6.5 percent. RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has unanimously decided to keep the policy repo rate unchanged. Announcing the RBI’s bi-monthly … Read more
[ad_1] MUMBAI: The Reserve Bank of India has come across instances of some banks trying to conceal the real status of their stressed assets while governance gaps have also been noticed at certain lenders, its governor said on Monday.“During the course of our supervisory process, certain instances of using innovative ways to conceal the real … Read more
[ad_1] NEW DELHI: Reserve Bank governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground.In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at … Read more
[ad_1] NEW DELHI: Reserve Bank governor Shaktikanta Das is scheduled to meet the board of directors of all public sector banks on Monday to discuss issues related to governance and ethics. The one-day meeting organised by the Department of Supervision of the Reserve Bank of India is to be held tomorrow in Delhi, sources said.Das … Read more
[ad_1] NEW DELHI: Retail inflation eased sharply in March on the back of moderating food prices and a favourable base effect and dipped below the 6% mark, while industrial output growth remained healthy in February, bringing much-needed cheer against the backdrop of a gloomy global economic outlook.Data released by the National Statistical Office (NSO) on … Read more
[ad_1] MUMBAI: In a major relief to homebuyers and a pleasant surprise to financial markets, the Reserve Bank of India decided to pause its rate hikes citing “unprecedented uncertainty in geopolitics, economic activity, price pressures and financial markets”.Most analysts and economists had forecast that the central bank would increase rates by 25 basis points on … Read more