Tag: rbi
Declining bank credit to hurt exporters; issue to figure in Sep 11 meeting with Goyal
The declining bank credit to exporters will hurt the sector, and traders will flag the issue prominently during their meeting with Commerce and Industry Minister…
India’s forex reserves hit a fresh high of $683.99 bn: RBI data
India’s foreign exchange reserves rose $2.3 billion in the week ending August 30 to a new record high of $683.99 billion, according to the latest…
View: India needs more lending — but not to everyone
Indians are justifiably proud of how easy it has become for them to pay for stuff. If you have an Indian phone number and bank…
India needs faster growth for a decade to meet goals, says RBI deputy governor Michael Patra
India will need rapid economic growth for a decade in order to achieve Prime Minister Narendra Modi’s goals of becoming a developed country by 2047,…
RBI’s Michael Patra on what’ll largely finance India’s investment needs in coming decades
Domestic savings have been crucial in financing India’s investment requirements and are expected to remain the predominant source of net lending in the coming decades,…
Rs 2000 notes: 97.96% returned; Rs 7,261 cr worth notes still with public
The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and…
RBI Guv Shaktikanta Das attributes India’s Q1 GDP fall to EC model code of conduct, reduced spending; says ‘growth story is intact’
India’s economic growth decelerated to 6.7% in the April-June quarter of 2024, marking a 15-month low. This slowdown contrasts sharply with the 8.2% growth recorded…
Fall in Q1 GDP numbers is because of elections code and restricted govt expenditure: RBI Governor
After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India’s growth story is intact. The governor was…
With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7 pc
New Delhi: According to a recent report by the State Bank of India (SBI), the moderation in India’s GDP growth for the first quarter (Q1)…
All-India house price index moderates to 3.3 pc in Q1 FY25: RBI Data
Mumbai: The all-India House Price Index (HPI) moderated to 3.3 per cent in the June quarter of 2024-25 from 5.1 per cent in the year-ago…