Tag: Bank
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,…
india: Indian economy to grow at around 6.5 pc in FY24, says NITI Aayog member Arvind Virmani
The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high oil prices and increased geopolitical tensions, NITI Aayog member…
India forex news: India’s forex reserves fall $2.17 billion to $584.25 billion
India’s foreign exchange reserves saw a dip of $2.165 billion to $584.248 billion as on April 21, 2023, Reserve Bank of India data showed on…
Capital Adequacy Ratio: RBI asks banks to remain prepared for shocks, have strong capital back up
The Reserve Bank of India wants bank managements and their boards to be on their toes all the time even as they have strong capital…
Credit growth momentum may moderate to 10 pc in FY24, report suggests
India’s credit growth momentum is waning and the crucial non-food loans growth is likely to slip to 10 per cent in FY24 from more than…
aadhaar: Aadhaar-based pay must for MGNREGS wages from July 1
The central government has decided to make the Aadhaar-Based Payment System (ABPS) compulsory for settling wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme…