India’s overseas debt rises modestly to $629 billion as of end June

2023-09-28 14:32:36 India’s external debt rose modestly by 2.7 percent to $629 billion as of end June over the same period a year ago as NRI deposits picked up, with other major components almost remaining flat over the period according to the preliminary numbers released by the Reserve Bank. NRI deposits as reflected in debt … Read more

bank credit: No systemic risk build-up seen in India’s bank credit: RBI Deputy Guv Michael Patra

2023-09-21 12:10:29 India is on track to become a $5 trillion economy by 2027 and at present, there are no visible signs of overheating, Reserve Bank of India Deputy Governor Michael Patra said in a recent speech delivered in Cambodia. “Bank credit is monitored as a lead indicator of overheating,” Patra said in the speech … Read more

india: India’s rating should reflect its potential: Kaushik Shaparia, CEO of Deutsche Bank Group, India

2023-09-17 19:13:40 Given strong economic fundamentals, India’s sovereign rating should be much higher than what it is, although more needs to be done to convert the burgeoning global interest in the country into actual investment, Kaushik Shaparia, CEO of Deutsche Bank Group, India, told Bhaskar Dutta and MC Govardhana Rangan in an interview. Edited excerpts: … Read more

US alone accounted for 17 percent of FDI in FY’23

2023-09-12 13:49:27 The United States was the largest source of foreign direct investment -FDI – in India in 2022-23, a census of foreign assets and liabilities of firms having both inward and outward liabilities conducted by the Reserve Bank of India showed. The census results showed that the United states followed by Mauritius, the United … Read more

Reserve Bank of India’s liquidity withdrawal pushes bank CD issuances to 3-month high

2023-08-28 10:07:23 The Reserve Bank of India’s move to withdraw liquidity from the banking system has forced lenders to scout the market for funds, pushing up the issuances of certificates of deposits (CDs) to a three-month high for the previous fortnight. Banks raised over 350 billion rupees ($4.24 billion) via CDs in the fortnight ended … Read more