2023-12-19 13:43:59 About 20 per cent of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in the country are inoperative, the government said on Tuesday. As on December 6, of the total 10.34 crore inoperative PMJDY accounts, 4.93 crore belong to women, Minister of State for Finance Bhagwat K Karad said in a written reply to … Read more
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 could nudge the central bank to revise its stance, say economists. Experts indicate that the Reserve Bank of India (RBI) may change … Read more
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
2023-11-17 01:42:36 India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday. “We are not out of the woods yet and have miles to go, … Read more
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
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
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
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