India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy. The governor of the Reserve Bank of India (RBI) told a press conference here on Thursday that at the global level, the recent developments … Read more
India’s foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India’s latest data. During the prior week that ended on March 3, India’s foreign exchange reserves rose for the first time in five weeks to USD 562.40 billion, … Read more
BENGALURU (Archyde.com) -Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry said he was watchful over consumer demand in the Indian economy and that expectations for growth might have to be tempered a bit, the Financial Times reported on Tuesday. Chaudhry said lenders need to stay vigilant about economic outlook despite the recent robust growth, as … Read more
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a fine-tuning 5-day Variable Rate Repo (VRR) auction worth Rs 75000 crore for the fortnight beginning March 24, 2023 instead of the main operation of a 14-day variable rate Repo/ Reverse Repo auction. Powered by Capital Market … Read more
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi on Friday (17 March 2023) approved for listing of Indian Renewable Energy Development Agency (IREDA) – a CPSE under Ministry of New & Renewable Energy (MNRE) – on the stock exchanges. The listing will take place through an initial public offer … Read more