The Reserve Bank of India (RBI) has decided to keep the repo rate at 6.50%. RBI Governor Shaktikanta Das stated that the standing deposit facility […]
Tag: Reserve Bank of India
Assessing Indian Banks: Fitch Ratings Highlights Risk Appetite and Regulatory Impact
Fitch Ratings emphasizes that Indian banks’ risk appetite, demonstrated through increased loan growth, remains a crucial factor affecting their creditworthiness. Alongside, sustaining risk-adjusted returns is […]
India Maintains Interest Rate at 6.50%: No Change in Monetary Policy
The interest rate decision for India’s currency, the INR, has been announced: – Actual rate: 6.50%– Expected rate: 6.50%– Previous rate: 6.50% Cash Reserve Ratio […]
India’s Services Sector Surges in March: Record Growth, Hiring, and Optimism
India’s services industry experienced accelerated growth in March driven by strong demand, as indicated by the final HSBC India Services Purchasing Managers’ Index. The index […]
RBI Directs JM Financial: Ceases Financing Against Shares and Debentures Due to Serious Deficiencies
The Reserve Bank of India (RBI) has issued a prompt directive to JM Financial Products, instructing the immediate cessation of financing activities involving shares and […]
RBI’s February Meeting: Balancing Optimism and Caution in India’s Economic Path
The Reserve Bank of India (RBI) shared details about their meeting in February where they discussed the country’s monetary policy. RBI Chief Shaktikanta Das said […]
Indian Banks Extend Global Reach: Surge in Overseas Presence and Financial Activity in 2022-23
In the fiscal year 2022-23, Indian banks expanded their global presence through subsidiaries, increasing from 399 to 417, according to data from the Reserve Bank […]