Tag: rbi
Bharat Connect gets linked with FX-Retail platform; enables customers to buy USD
The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US…
India’s services growth eases in September as demand cools, PMI shows
Growth in India’s services sector cooled in September due to weaker overseas orders, yet it remained strong and optimism improved, a survey showed. The HSBC…
Robust consumption bulwark against external shocks: FM Sitharaman
New Delhi: Finance minister Nirmala Sitharaman Friday said India’s economic growth is firmly anchored in robust domestic consumption that blunts the impact of external shocks,…
Growth Uncapped: NBFCs can tap a billion dollars or more in ECBs
MUMBAI: The Reserve Bank of India’s (RBI) proposed relaxation on foreign currency borrowing is expected to boost the prospects of well rated non-bank finance companies…
India anchor of stability in volatile world: RBI governor Sanjay Malhotra
New Delhi: India stands out as an “anchor of stability in a volatile world,” RBI governor Sanjay Malhotra said on Friday, citing resilient growth and…
RBI tweaks related party lending rules, unveils ‘unified’ framework
MUMBAI: The Reserve Bank of India (RBI) has expanded the related party transaction guidelines to include promoters, key management persons (KMPs), shareholders with equity of…
RBI proposes easing regulatory framework for foreign entities establishing offices in India
The Reserve Bank on Friday proposed to rationalise norms for establishment of a branch or office in the country by entities resident outside India. In…
Indian states to raise Rs 2.82 lakh crore through debt in current quarter, RBI says
The Reserve Bank of India (RBI) on Friday revealed that the state governments and union territories are expected to borrow Rs 2.82 lakh crore through…
Gold prices new barometer of global uncertainty like crude oil in past, RBI Governor Malhotra says
RBI Governor Sanjay Malhotra on Friday said perhaps gold price is acting as a new barometer reflecting global uncertainties as the crude oil used to…
India’s forex reserves down $2.3 billion to $700.24 billion for week ending September 26
India‘s foreign exchange reserves stood at $700.24 billion as on September 26, data released by the RBI on Friday showed. For the previous week, India’s…