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Economy

Who Is Sanjay Malhotra, The New RBI Governor? Education, Career And More

09 Dec 2024 18:32 PM IST

The central government has appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India, succeeding Shaktikanta Das. Malhotra, a seasoned IAS officer with extensive experience in finance and taxation, takes on the role at a critical time for India's economy.

India’s Forex Reserves Up By $1.51 Bn At $658.09 Bn As Of November 29

06 Dec 2024 18:20 PM IST

India’s forex reserves have been bolstered by a $2.06 billion rise in Foreign Currency Assets, which now total $568.85 billion. This represents the largest contributor to the overall increase.

Shaktikanta Das Reacts To Trump’s Tariff Threats; Dismisses De-Dollarization

06 Dec 2024 14:20 PM IST

RBI Governor downplayed concerns over Trump's tariff threats against BRICS. Das stated it was premature to react. He claried India's efforts to promote local currency trade. This is for de-risking, not de-dollarization.

RBI keeps Repo Rate Unchanged. What It Means For Banks And You?

06 Dec 2024 13:45 PM IST

The Reserve Bank of India (RBI) has reduced the Cash Reserve Ratio (CRR) by 50 basis points, injecting Rs 1.16 trillion into the banking system. This move aims to boost liquidity and support economic growth. While the RBI kept the repo rate unchanged at 6.5% for the 11th consecutive time.

RBI Has Found A(I) Way Of Handling Frauds And Mule Accounts

06 Dec 2024 13:13 PM IST

The Reserve Bank of India (RBI) has introduced MuleHunter.AITM, an AI-based model to detect mule accounts used in financial fraud. Piloted with two major public sector banks, this initiative aims to tackle money laundering and other illicit activities.

RBI Policy: MPC Cuts Cash Reserve Ratio By 50 Bps To 4%; Market Turns Positive

06 Dec 2024 11:32 AM IST

The RBI slashes the Cash Reserve Ratio by 50 bps to 4%, injecting Rs 1.16 lakh crore liquidity into banks, as it revises India’s GDP growth forecast to 6.6%.

Repo Rate Stands Unchanged For 6th Consecutiver Time At 6.5%

06 Dec 2024 11:07 AM IST

The Reserve Bank of India (RBI), amid concerns over high inflation and slowing economic growth, announced on Friday that it would keep the repo rate steady at 6.5 percent.

‘RBI Cuts GDP Growth Forecast For FY25 To 6.6% From 7.2%’, Announces Governor Shaktikanta Das

06 Dec 2024 10:56 AM IST

RBI revises India's GDP growth forecast for FY25 down to 6.6%, citing weaker-than-expected performance in manufacturing.

RBI Set To Announce Decision On key Interest Rate On Dec 6

05 Dec 2024 19:39 PM IST

The RBI's monetary policy decision is due Friday morning. The central bank's committee met for three days. Experts predict no change to the repo rate. The CRR may be adjusted. RBI Governor Shaktikanta Das will announce the decision. This is Das's last MPC meeting of his current term.

Coconuts Caused 2.2 Times More Accidents Than Drunk Driving In 2024: Report

03 Dec 2024 17:57 PM IST

A recent report reveals that in India, road accidents are more often caused by unexpected factors like stray animals, potholes, and even falling coconuts, rather than the widely assumed culprit—drunk driving.

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Economy

Who Is Sanjay Malhotra, The New RBI Governor? Education, Career And More

India’s Forex Reserves Up By $1.51 Bn At $658.09 Bn As Of November 29

Shaktikanta Das Reacts To Trump’s Tariff Threats; Dismisses De-Dollarization

RBI keeps Repo Rate Unchanged. What It Means For Banks And You?

RBI Has Found A(I) Way Of Handling Frauds And Mule Accounts

RBI Policy: MPC Cuts Cash Reserve Ratio By 50 Bps To 4%; Market Turns Positive

Repo Rate Stands Unchanged For 6th Consecutiver Time At 6.5%

‘RBI Cuts GDP Growth Forecast For FY25 To 6.6% From 7.2%’, Announces Governor Shaktikanta Das

RBI Set To Announce Decision On key Interest Rate On Dec 6

Coconuts Caused 2.2 Times More Accidents Than Drunk Driving In 2024: Report

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