Credit and finance for MSMEs: The Reserve Bank of India’s (RBI) financial data-sharing system Account Aggregator (AA), launched in September 2021, has onboarded 94 financial institutions as financial information users (FIUs) as of December 12, 2022. Out of 94 FIUs, 73 are RBI regulated, 10 are regulated by the markets regulator Securities and Exchange Board … Read more
By PTI MUMBAI: The central board of the Reserve Bank on Friday reviewed the prevailing economic situation and challenges emanating from geopolitical developments. The 599th meeting of the Central Board of Directors of Reserve Bank of India (RBI) took place in Kolkata under the chairmanship of Governor Shaktikanta Das, the RBI said in a statement. … Read more
The central board of the Reserve Bank on Friday reviewed the prevailing economic situation and challenges emanating from geopolitical developments. The 599th meeting of the Central Board of Directors of Reserve Bank of India (RBI) took place in Kolkata under the chairmanship of Governor Shaktikanta Das, the RBI said in a statement. “The board in … Read more
On Wednesday, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unveiled its latest review of the monetary policy. In it, the RBI cut India’s GDP (gross domestic product) growth forecast for the current financial year, maintained the inflation forecast, and raised the repo rate by 35 basis points. Even though the … Read more
The Indian equity benchmarks fell for second straight session ahead of the Reserve Bank of India’s monetary policy decision due tomorrow. The Sensex fell as much as 445 points and Nifty 50 index briefly dropped below its important psychological level of 18,600. The Sensex ended 208 points lower at 62,626 and Nifty 50 index declined … Read more
RBI’s Digital Rupee: 7 things to know – First retail pilot Economic Times Source link
The Reserve Bank of India has been raising interest rates rapidly and since May of the current fiscal year, there have been four straight rate hikes, resulting in a total repo rate hike of 190 bps including the repo rate which was raised by 50 basis points and is now 5.90%, according to an announcement … Read more
RBI’s Retail digital rupee pilot kicks off today: Five things to know Moneycontrol Source link
Previous story: Sudden Cardiac Arrest – Time to Act is Now Next story: Leadup Universe creates a stir with its CXO summit in India’s IT capital, Bengaluru Bajaj Finance Launches Awareness Programmes As A Part Of The Rbi’s Nationwide Intensive Awareness Campaign Published on November 18, 2022 Pune : As a part of the Reserve … Read more
Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday met the heads of public and private sector banks and discussed the issue of deposit growth trailing credit growth, among other matters. “Among other matters, issues relating to lagging growth in deposits vis-à-vis credit growth, asset quality, investments in IT infrastructure, adoption of new-age technology … Read more