Tag: reserve bank
Gujarat replaces UP as top investment destination in 2023-24
Gujarat replaced Uttar Pradesh in attracting bank funds for projects in the state in 2023-24 according to a study by the RBI economists. Significantly the…
RBI tightens norms for P2P lending platforms
The Reserve Bank on Friday tightened norms for Non-Banking Financial Company – Peer to Peer Lending Platforms (NBFC-P2P Lending Platform) to improve transparency and compliance….
personal loans: Normalcy returning to household saving behaviour: RBI Dy Guv Michael Patra
Reserve Bank Deputy Governor Michael Patra on Thursday said household saving behaviour is returning to “normalcy” now. Drawing from official data, he said there is…
RBI’s stance provides elbow room to check inflation, aid growth: Experts
The Reserve Bank‘s decision to keep interest rate unchanged will provide it an elbow room to continue focus on moderating inflation for resilient and sustained…
retail inflation: Economic Survey’s pitch for excluding food from inflation target
The survey has called for “re-examining” of the existing inflation-targeting framework adopted by the central bank, pitching for the exclusion of food items, prices of…
RBI directs banks to offer fixed rate option to borrowers at interest rate reset
PTI | | Posted by Singh Rahul Sunilkumar The Reserve Bank on Friday asked banks and other lenders to provide individual borrowers with an option…
Home loan, other borrowers can switch to fixed-rate regime: RBI
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate,…
India’s forex kitty drops $1.98 bn to $607.03 billion
MUMBAI: India’s forex reserves dropped by $1.987 billion to $607.035 billion for the week ended July 21, the Reserve Bank has said. The overall reserves…
Overseas spending using credit card won’t attract TCS
Overseas credit card spending and transfers upto Rs 7 lakh under the Liberalised Remittance Scheme will not face tax collected as source, the finance ministry…
India’s economic prospects brighten; core inflation, global volatility may pose risks: RBI financial stability report
The rising pace of local economic activities along with stronger corporate sector balance sheets and efficient financial system has brightened the prospects of the Indian…