Reserve Bank of India Archives - Page 9 of 21

Credit rating agency CARE Ratings estimate India's economic growth for FY24 at 6.1%

India’s FY24 GDP growth rate predicted in 6-6.5% range

PGurus Newsdesk - August 29, 2023 0

India's macroeconomic stability indicators to improve in FY24 India’s economic growth for 2023-24 is estimated to be in the band of 6-6.5 percent by experts...

Core inflation witnessed a moderation, and headline inflation is expected to average well above 6% in the second quarter of the current fiscal

Economy

Economy gathering momentum in Q2: RBI

PGurus Newsdesk - August 18, 2023 0

Fixed investment in India responds positively to higher GDP growth, real non-food credit growth, and economic policy certainty In a monthly bulletin for August 2023,...

The web portal will help users identify and approach their banks for either claiming unclaimed deposits or making their deposit accounts operative at their banks, the RBI said

Banking

RBI launches website to help people locate unclaimed deposits across multiple...

PGurus Newsdesk - August 17, 2023 0

RBI unveils UDGAM portal to track unclaimed deposits On Thursday, Shaktikanta Das, Reserve Bank of India (RBI) Governor, launched a centralized web portal UDGAM (Unclaimed...

Despite upwardly revising inflation forecasts, the RBI stayed away from outright tightening of the monetary policy in August

Banking

Symbolic RBI rate hike to have adverse implications for equity markets

PGurus Newsdesk - August 17, 2023 0

RBI views inflation primarily as a monetary phenomenon and monetary policy action is needed to control inflation, regardless of supply or demand The extent of...

Banking

RBI to launch pilot project for public tech platform for frictionless...

PGurus Newsdesk - August 14, 2023 0

The Reserve Bank Innovation Hub is developing a frictionless credit platform The Reserve Bank of India (RBI) will on August 17 launch a pilot project...

The platform is intended to be rolled out as a pilot project in a calibrated manner

Banking

Reserve Bank Innovation Hub to introduce platform for end-to-end frictionless credit...

PGurus Newsdesk - August 10, 2023 0

RBI to develop public tech platform for frictionless credit delivery In an effort to deliver end-to-end frictionless credit on digital mode to underserved regions, the...

The Monetary Policy Committee unanimously decided to keep the repo rate at 6.5%

Economy

RBI retains repo rate at 6.5%, GDP projected at 6.5%

PGurus Newsdesk - August 10, 2023 0

RBI keeps repo rate unchanged at 6.5%; FY24 CPI inflation forecast raised to 5.4% The Reserve Bank of India's Monetary Policy Committee (MPC) did not...

India signed an agreement with the UAE that will allow it to settle trade in rupees instead of US dollars

Politics

India and UAE to encourage local currency in bilateral trades. Delhi...

Team PGurus - July 15, 2023 0

Trade in rupees, IIT Delhi campus in Abu Dhabi: All about PM Modi’s visit to UAE India and the United Arab Emirates (UAE) on Saturday...

The MoUs were signed by RBI Governor Shaktikanta Das and the Governor of the Central Bank of UAE, Khaled Mohamed Balama

Commerce

India, UAE sign MoU to begin trade settlement in their currencies

PGurus Newsdesk - July 15, 2023 0

RBI, Central Bank of UAE sign MoUs on promoting local currencies, interlinking payment systems On Saturday, Prime Minister Narendra Modi held talks with UAE President...