2023-11-30 17:09:11 Bank credit to industry decelerated to 5.4 per cent in October compared to 13.5 per cent in the year-ago month, according to Reserve Bank data released on Thursday. The data also revealed that credit growth to agriculture and allied activities improved to 17.5 per cent (year-on-year) in October 2023 from 13.8 per cent … Read more
2023-11-30 18:58:02 New Delhi: India’s fiscal deficit for the first seven months of the current financial year touched 45% of the full-year budget estimate, marginally lower than the 45.6% deficit recorded in the year-ago period, data released by the Controller General of Accounts (CGA) showed on Thursday. In absolute terms, the fiscal deficit between April … Read more
2023-11-24 14:57:03 The Reserve Bank on Friday updated the ‘Alert List’ of unauthorised forex trading platforms by adding 19 more entities, including FX SmartBull, Just Markets, and GoDo FX, taking the total to 75. The Alert List contains the names of entities, which are neither authorised to deal in forex under the Foreign Exchange Management … Read more
2023-09-21 16:19:35 India will be a USD 5 trillion economy and the third largest in the world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor Michael D Patra has said. Delivering a speech at the 16th SEACEN-BIS High-Level Seminar hosted by the … Read more
2023-09-03 08:01:08 Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. It is evident from the Reserve Bank’s loan outstanding data as well as … Read more
2023-09-06 05:31:56 The Reserve Bank of India (RBI) may ask lenders to continue maintaining additional cash reserves for two more fortnights, with some tweaks to the proportion, as it seeks to keep liquidity tight amid high inflation, at least six senior treasury officials told Archyde.com. The incremental cash reserve ratio (I-CRR) could be reduced to … Read more
2023-08-17 13:20:11 The Reserve Bank of India (RBI) bought a net $4.50 billion in the spot foreign exchange market in June, data released on Thursday as part of the central bank’s monthly bulletin showed. The RBI purchased $7.79 billion and sold $3.28 billion, the bulletin showed. In May, the central bank had bought a net … Read more
2023-08-11 19:19:57 The Association of Asset Reconstruction Companies (ARCs) has sought the finance ministry’s intervention to issue advisory to state governments to direct authorities to build in adequate safeguards in initiating criminal cases against lenders and its officials while pursuing their duty as per prescribed recovery norms. The letter follows an increasing number of criminal … Read more