Tag: Reserve Bank of India
India’s heat wave creates new inflation risks after oil surge
India is facing inflation threats from heat waves and below normal rainfall this year, creating new economic pressures for policymakers already grappling with soaring energy…
RBI declines pleas for more time, ECL to be effective from April 2027
Mumbai, The Reserve Bank on Monday declined pleas for more time to transition to the expected credit loss (ECL)- based provisioning, making it clear that…
Credit flows jump 38% in FY26 as RBI easing boosts demand
Mumbai: Credit flows through formal loan systems surged in FY26, rising 38% after contracting 8% a year earlier, signalling a revival in borrowing demand in…
RBI cancels Paytm Payments Bank licence| Business News
The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Ltd., more than two years after the regulator imposed…
India’s forex reserves rise $2.3 billion to $703.30 billion as of April 17
India’s foreign exchange reserves rose by $2.3 billion in the week ending April 17 to stand at $703.30 billion, according to data released by the…
RBI’s state of economy report flags upside risks to inflation due to supply shock and weather uncertainties
Kolkata: The ongoing disruptions in cargo movement through the Strait of Hormuz along with the domestic weather-related uncertainties have raised the upside risks to inflation,…
India’s digital currency push targets its leaky welfare system
PHULENAGAR/MUMBAI: In the western Indian village of Phulenagar, Samadhan Sonawane set up a drip irrigation system on his small onion farm using digital currency issued…
RBI measures on currency temporary to curb volatility, says deputy governor Sankar
Mumbai: Reserve Bank of India‘s (RBI) measures restricting banks’ net open positions is a temporary one to prevent volatility in the rupee, deputy governor T…
Hormuz crisis casts long shadow on India growth, inflation risks rise: RBI MPC minutes
The Monetary Policy Committee (MPC) minutes released by the Reserve Bank of India on Wednesday said the West Asia conflict and resulting disruptions in the…
Short-term fluctuations, including FDI outflows closely monitored: RBI’s Sanjay Malhotra
New York: Short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical in nature and are being closely monitored, RBI Governor Sanjay Malhotra…