Tag: Bank
rural demand india growth: Private consumption, rural demand to drive India’s growth in Apr-Jun quarter, highlights RBI bulletin
India‘s growth is likely to be driven primarily by private consumption, supported by reviving rural demand, and renewed buoyancy in manufacturing in the April-June quarter,…
rbi spot forex market: RBI bought net $750 mn in spot forex market in March- Bulletin
The Reserve Bank of India (RBI) bought $750 million on a net basis in the spot foreign exchange market in March, data released on Monday…
maharashtra: Uttar Pradesh surpasses Maharashtra in sugar production this season
Uttar Pradesh has surpassed Maharashtra in sugar production in the current season even as 118 sugar mills operated in UP during the period compared to…
India’s forex reserves soar to $599.53 bln, highest since early June
India’s foreign exchange reserves experienced a continuous increase for the third week in a row, reaching $599.53 billion as of May 12. This level represents…
India infra: India’s newest infra lender to loan Rs 1 lakh crore this fiscal
The Indian government-backed National Bank for Financing Infrastructure and Development (NaBFID) expects to sanction close to 1 trillion rupees ($12.23 billion) in loans this financial…
India WPI: WPI declines for 11th straight month, falls to -0.92% in April
Wholesale price-based inflation declined to -0.92 per cent in April on an annual basis from 1.34 per cent in March, the Department for Promotion of…
exim bank: Exim Bank to raise upto dollar 4 billion this year
Export lender Exim Bank plans to raise $ 3.5 to 4 billion this year to fund its government supported business. The lender reported a 110…
rupees: RBI directs users to pay fee, charges on forex cards in rupees
The Reserve Bank of India (RBI) on Tuesday advised that the fees, charges payable in India have to be denominated and settled in Rupees only….
rbi: RBI imposes over Rs 1.73-cr fine on HSBC for wrong credit card data
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the…
Global finance dominated by few currencies, need to de-risk by diversifying, says RBI DG T Sankar
A handful of currencies currently dominate global finance, and there is a need for de-risking by diversifying the international currency system by adopting liquid currencies,…