US Fed Effect: No US Fed effect, domestic factors to guide RBI policy

2023-12-14 18:34:55 The latest US Federal Reserve’s statement, signalling three rate cuts next year, is unlikely to change interest rate trajectory in India with the monetary policy committee focussing on domestic factors but might nudge the central bank to revise its stance, say economists. Experts indicate that the Reserve Bank of India (RBI) may change … Read more

home loan repayment: Little stress on home loan repayment despite higher interest rates

2023-12-11 15:20:36 The housing finance sector has seen improvement in asset quality despite a sharp rise in interest rates over the past one-and-a-half years, with rising income levels helping offset higher monthly instalments. There are no signs of stress also from an affordability point of view with rise in housing prices and higher interest rates, … Read more

Rs 2000 notes: RBI reveals over 97% of Rs 2,000 notes returned, Rs 10,000 crore worth notes still in circulation

2023-11-01 12:49:50 The Reserve Bank of India (RBI) on Wednesday said that it has received more than 97 per cent of Rs 2,000 notes, however, notes worth Rs 10,000 crore are still with public. In May 2023, the RBI had made an official announcement regarding the withdrawal of Rs 2,000 denomination banknotes from circulation. In … Read more

Internationalization of the Indian Rupee: Recommendations and the Potential to Become a Global Currency

2023-10-27 13:59:48 The world is on the brink of recession; Will a nationalized rupee change things? Here are the recommendations Internationalization of Rupee Indian Rupee | Reserve Bank of India | Manorama Online Premium The world is on the brink of recession; Will a nationalized rupee change things? Here are the recommendations Internationalization of Rupee … Read more

Reserve Bank not looking to tighten banks’ unsecured lending norms – sources

2023-10-20 08:14:25 India’s central bank is currently not looking to tweak existing norms related to banks’ unsecured lending portfolios as a sector-wide buildup of stress is not yet in sight, two people familiar with the matter told Archyde.com. Indian banks have seen a sharp rise in unsecured loans – mostly personal loans and credit cards … Read more

bank notes: Rs 2,000 notes worth Rs 10,000 crore left in system: RBI Governor

2023-10-20 12:16:07 New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said Rs 2,000 denomination notes are coming back and only Rs 10,000 crore worth of such notes are still with people. He exuded confidence that these notes will also be returned or deposited back. “Rs 2,000 notes are coming back and only Rs 10,000 … Read more