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RBI Governor Shaktikanta Das Predicts 7.2% GDP Growth for 2024-25, Notes June Inflation Drop to 5.1%

08 Aug 2024

RBI Governor Shaktikanta Das says inflation will moderate from July onwards as the monsoon has improved and global food prices have shown signs of easing in July. Das stated, "Global food prices showed signs of easing in the month of July after registering an increase since March 2024." A degree...

RBI Holds Repo Rate Steady At 6.5% For 9th Consecutive Time

08 Aug 2024

The Reserve Bank of India (RBI) has decided to maintain the benchmark interest rate at 6.5% for the ninth consecutive time. RBI Governor Shaktikanta Das announced that the repo rate remains unchanged at 6.50%. RBI Governor Shaktikanta Das says "...The Monetary Policy Committee decided by a 4:2 majority to keep...

RBI Set To Maintain Repo Rate At 6.5% During August Meeting, Experts Predict

05 Aug 2024

The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6. The RBI's repo rate, currently at 6.5 per cent since it was last increased in February 2023, is widely...

RBI Slaps ₹2.41 Crore Fine on Visa for Unauthorised Payment Method

27 Jul 2024

The Reserve Bank of India (RBI) recently fined Visa ₹2.41 crore (about $288,000) for utilizing an unapproved payment transfer method. The central bank made this information public on Friday, highlighting that Visa had implemented a payment authentication mechanism without first gaining the necessary regulatory approval. The RBI's official statement noted,...

RBI Unveils New Corrective Action Framework for Urban Cooperative Banks, Effective April 2025

26 Jul 2024

The Reserve Bank of India (RBI) has introduced a new corrective action framework for primary Urban Cooperative Banks (UCBs), effective April 1, 2025. This framework will replace the previous supervisory action framework, last updated in January 2020. The new framework is designed as an early intervention tool for UCBs facing...

Rupee’s Downward Trend Likely to Continue; RBI Expected to Intervene

25 Jul 2024

The Indian rupee is anticipated to face further depreciation on Wednesday due to a rise in the dollar index and a potential slowdown in equity inflows. Non-deliverable forwards suggest the rupee will open at 83.70-83.71 against the U.S. dollar, slightly weaker than the previous session’s close of 83.6875. On Tuesday,...

Will Aam Aadmi Take A Sigh Of Relief? Budget Session 2024

23 Jul 2024

Every year, as the Union Budget presentation approaches, and it again lits rope of expectations of the middle class people. It is a fact that not all budget sessions have provided significant benefits to taxpayers. As Budget 2024 draws near, taxpayers are looking forward to potential updates on exemptions and...

Economic Survey 2024: Government and RBI Measures Keep Retail Inflation at 5.4% Despite Challenges

22 Jul 2024

The Economic Survey 2024, presented by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, revealed that despite the pandemic and geopolitical tensions, the Central Government's timely policy interventions and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, global...

Goldman Sachs Projects India To Hold Firm On 5.1% Fiscal Deficit Target From Interim Budget

08 Jul 2024

Investment banking company Goldman Sachs expects the central government to stick to the announced fiscal deficit target of 5.1 per cent of GDP for 2024-25 in the upcoming Budget to be tabled on July 23 and announce further consolidation to a deficit of below 4.5 per cent in 2025-26. Understanding...

India’s Credit Growth Set To Outpace Nominal GDP This Fiscal: SBI Capital Markets

07 Jul 2024

Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent, according to SBI Capital Markets. Nominal gross domestic product (GDP) is growth, without adjustment for inflation. The growth according to the report would be amplified...

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RBI

RBI Governor Shaktikanta Das Predicts 7.2% GDP Growth for 2024-25, Notes June Inflation Drop to 5.1%

RBI Holds Repo Rate Steady At 6.5% For 9th Consecutive Time

RBI Set To Maintain Repo Rate At 6.5% During August Meeting, Experts Predict

RBI Slaps ₹2.41 Crore Fine on Visa for Unauthorised Payment Method

RBI Unveils New Corrective Action Framework for Urban Cooperative Banks, Effective April 2025

Rupee’s Downward Trend Likely to Continue; RBI Expected to Intervene

Will Aam Aadmi Take A Sigh Of Relief? Budget Session 2024

Economic Survey 2024: Government and RBI Measures Keep Retail Inflation at 5.4% Despite Challenges

Goldman Sachs Projects India To Hold Firm On 5.1% Fiscal Deficit Target From Interim Budget

India’s Credit Growth Set To Outpace Nominal GDP This Fiscal: SBI Capital Markets

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