Tag: Reserve Bank of India
RBI turns upbeat as worst of Iran war shock recedes
Five months after the Iran war raised fears of an inflation spike and an economic downturn, Indian officials are sounding more confident as the worst…
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billion
Kolkata: Bank deposits rose 15.4% year-on-year at the end of July, marking the fastest pace in nearly 10 years, as overseas Indians parked about $37…
RBI proposes new interest rate rules for regulated entities, seeks public comments
Mumbai: The Reserve Bank of India (RBI) has asked regulated entities (REs) to harmonize methodology for determining interest rates, including defining the internal benchmark, the…
RBI invites public comments on draft rules to standardise how lenders set interest rates
The Reserve Bank of India on Wednesday issued draft amendments for a proposed harmonised framework for interest rates on loans and advances across banks and…
Government approves introduction of one billion polymer banknotes of Rs 10 and 20
New Delhi: The government has approved the introduction of one billion polymer banknotes of Rs 10 and Rs 20 for field trials, Parliament was informed…
After a dash for hot dollars, India dives deep for sticky money
A proposal to raise the threshold for foreign direct investment (FDI) projects requiring Cabinet Committee on Economic Affairs approval from Rs 5,000 crore to Rs…
Centre unlikely to dilute strategic sale list despite ministries’ push for review
The Centre is unlikely to dilute its list of public sector enterprises identified for strategic sale despite repeated demands from several ministries to reconsider the…
India’s forex reserves jump $10.5 billion to over two-month high of $692.87 billion as of July 31
India’s foreign exchange reserves surged by $10.51 billion to $692.87 billion in the week ended July 31, pushing the country’s reserves to their highest level…
EXIM Bank to be implementing agency for interest subvention support for exporters: DGFT
New Delhi: The commerce ministry on Friday said the EXIM Bank will be the implementing agency for interest subvention support for pre- and post-shipment export…
RBI’s FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
New Delhi: The Reserve Bank of India‘s (RBI) Foreign Currency Non-Resident Bank (FCNR-B) deposit scheme has attracted stronger-than-expected inflows, with around USD 41 billion mobilised…