Tag Archives: RBI

Govt has appointed PoonamGupta as deputy governor of RBIfor a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI’s senior leadership.Gupta will takecharge of several key departments, including monetary policy, financial markets operations, economic and policy research, financial stability, international, statistics and …

MUMBAI: India’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11, RBI said on Friday. This is the sixth consecutive week of a rise. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4. Forex reserves touched an all-time high of $704.9 billion in Sept 2024. …

India’s economy is set to grow at 6.7% in the current fiscal year, driven by robust domestic demand, rising rural incomes, and moderating inflation, according to the Asian Development Bank’s (ADB) Asian Development Outlook (ADO) report for April 2025. ADB forecasts the GDP to continue growing at a pace of 6.8% in FY26 (2026-27), supported by favourable fiscal and monetary …

The actual transmission of rate cuts works with a lag, and it usually takes a few months for loan borrowers to see a benefit. (AI image) Home loan borrowers have a big reason to cheer! The Reserve Bank of India (RBI) has cut the repo rate by 25 basis points – the second time in this calendar year. The repo …

The MPC also decided to change the stance from neutral to accommodative. RBI MPC meeting: The Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the Monetary Policy Committee (MPC) has unanimously decided to cut the key policy repo rate by 25 basis points to 6%. He also said that the GDP growth outlook for FY 2025-26 has been …

RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV The Reserve Bank of India (RBI) has declared the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV, which is due for redemption today, March 17, 2025. SGBs were repayable after eight years from the issue date, making the final redemption date March 17, 2025.Final …

NEW DELHI: Bank of Maharashtra has cut interest rate by 25 basis points on retail loans, including home and car loans, in line with reduction in repo rate by RBI. The benchmark rate for home loan has been reduced to 8.10%, one of the lowest in the banking industry, the bank said. Source link

MUMBAI: The RBI‘s State of the Economy report said high-frequency indicators point to a sequential pick-up in economic activity in second half (Oct-March) of 2024-25, with momentum expected to continue. However, financial markets remain uncertain due to slowing pace of disinflation, potential tariff impacts, and selling pressures on emerging market economies from foreign portfolio investors, amid currency depreciation driven by …

MUMBAI: RBI has lifted restrictions it imposed on Kotak Mahindra Bank in April 2024, which had prevented it from on-boarding new customers through its online and mobile banking channels and from issuing fresh credit cards, the lender informed exchanged. RBI had placed restrictions on the bank for inadequacies in its IT systems. According to Kotak Mahindra Bank, RBI was satisfied …

MUMBAI: Forex reserves fell for the sixth consecutive week to a 10-month low of $625.9 billion as of Jan 10, declining by $8.7 billion in the week and $23.5 billion in five weeks. The decline – down $79 billion from an all-time high of $704.9 billion in late Sept – reflects RBI‘s dollar sales and a fall in the value …