Category: Economy
RBI flags swelling slippages in unsecured retail lending, particularly among private banks
Mumbai: The Reserve Bank of India (RBI) Wednesday flagged the risk of elevated fresh slippages and write-offs in unsecured retail lending, particularly among private sector…
India’s financial system can handle shocks, but long-term outlook hazy, RBI’s report says
Mumbai: India’s financial system remains robust and resilient, supported by strong balance sheets, easy financial conditions and low market volatility, the RBI said in its…
Duty imposed on some steel items for 3 years to counter cheap imports
New Delhi: India has imposed a safeguard duty on certain steel products for three years to protect domestic players from significant increase in cheap imports….
Nashik-Solapur-Akkalkot corridor, NH-326 widening get cabinet nod
New Delhi: The Union Cabinet on Wednesday approved the construction of six-lane greenfield access-controlled Nashik-Solapur-Akkalkot corridor in Maharashtra with a total capital cost of ]₹19,142…
Israeli trade negotiators to visit India in January for FTA talks
New Delhi: Israeli trade negotiators are expected to visit India in January for a pre-round of trade agreement (FTA) negotiations, an official said, adding that…
India imposes provisional anti-dumping duty on low ash metallurgical coke imports
India on Wednesday imposed a provisional anti-dumping duty of $60.87-$130.66 per tonne on low ash metallurgical coke imports for six months, Reuters reported, citing a…
Sanjay Malhotra asks RBI staff to persist in calibrating regulations, focus on customer centricity in new year
Mumbai: Governor Sanjay Malhotra on Wednesday asked the Reserve Bank staff to persist with regulatory calibrations and sharpen supervision in the new year. In his…
Economy growing at robust pace, banking sector remains sound: RBI report
Mumbai, The Indian economy is growing at a robust pace, driven by strong domestic demand, low inflation, and the healthy balance sheets of banks, said…
Govt keeps small savings interest rates unchanged for March quarter
The government on Wednesday retained interest rates for a dozen small savings schemes, including the tax-saving Public Provident Fund (PPF) and Sukanya Samriddhi accounts, for…
Adoption of stablecoins could pose risk to monetary sovereignty: RBI
Mumbai: The Reserve Bank of India on Wednesday said widespread adoption of stablecoins could pose significant risks to India’s monetary sovereignty and financial stability. Stablecoins…