Tag: idfc first bank
India’s weak Q2 growth widens divide between government, Reserve Bank priorities
India’s central bank is under increasing political pressure to cut interest rates as soon as this week, after data showed growth was much weaker than…
Growth seen at 6.1-6.8% for FY25 on 7-quarter Q2 low
A sharper-than-anticipated slowdown in economic expansion in the second quarter has prompted economists to slash their forecast on India’s growth for fiscal 2025. Citing risk…
India GDP: Analysts rush to pare India’s forecast after growth shocker
Economists lowered their India growth forecast after data released Friday showed a sharp deceleration of the country’s economic expansion. India’s economy slumped to a seven-quarter…
Forex reserves record biggest weekly drop as RBI moves to support Rupee
MUMBAI: India’s foreign-exchange stockpile shrank the most on record last week, surpassing the absolute decline last seen during the peak of the global financial crisis,…
India’s middle class tightens its belt, squeezed by food inflation
India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk…
Industrial output expands 3.1% in September on base effect, festivals
NEW DELHI: India’s industrial output rebounded in September, growing 3.1%, after contracting 0.1% in August – a 22-month low – driven by a favourable base…
RBI steps keep average call rates in check
Mumbai: The Reserve Bank of India has been actively managing surplus liquidity in the banking system by conducting variable rate repo and variable rate reverse…
Growth may have slipped in rainy Q2 but forecast for fiscal is sunny
India’s economic growth likely moderated in July-September, primarily due to a slowdown in consumption and investment amid heavy monsoon rains in several parts of the…
Festive Vibes: Economists see food inflation and geopolitical conflicts as possible headwinds
NEW DELHI: The festive season has brought some cheer to the economy with several data releases on Friday suggesting improved consumer sentiment, but economists cautioned…
V Vaidyanathan: ETSA 2024 | New-age firms solving real-life issues with solid government backing: IDFC First Bank MD & CEO
India is powering ahead on its startup story, said V Vaidyanathan, CEO of IDFC First Bank, adding that the digital ecosystem has a massive role…