Monetary policy has to remain in a risk minimisation mode: RBI bulletin

[ad_1] Monetary policy has to remain in a risk minimisation mode, guiding inflation towards the 4 per cent target while sustaining the momentum of growth, according to an article in RBI’s latest monthly bulletin. “Even as inflation is on the...

Strong demand, balance-sheets to galvanise economy: RBI

[ad_1] High visibility of structural demand and healthier corporate and bank balance sheets will likely be the galvanising forces for economic growth going forward, according to the RBI monthly bulletin, adding that India’s real GDP growth was at a 6-quarter...

Nifty, Sensex open lower; all sectoral indices trade in red

[ad_1] Benchmark indices open lower on Tuesday. Nifty 50 declined by 108.30 or 0.49 per cent to trade at 21,947.40 as of 9.49 am, and BSE Sensex declined 333.07 or 0.46 per cent to trade at 72,415.35. All sectoral indices traded...

India’s forex reserves touch 2-year high, set to cross record levels

[ad_1] India’s foreign exchange reserves are on their way to crossing their record-high levels, after increasing for the third straight time in the week ended March 8. Reserves rose $10.47 billion during the week, recording the highest weekly increase since July...

Telangana’s annual debt surpasses budget estimates

[ad_1] <!-- --> Telangana's annual debt has exceeded its budget estimates by a wide margin for the first time in recent years, standing at Rs 40,852.51 crore as of January this fiscal year as against the budget estimation of Rs...

Paytm founder Sharma acknowledges crucial role of regulatory engagement

[ad_1] <!-- --> While speaking at an event in Japan, Sharma said that ambiguity brings stress to the business. Published Date - 5 March 2024, 10:29 PM New Delhi: In his first-ever public engagement after the Paytm...

RBI directs IIFL Finance to halt gold lending, allows servicing of existing portfolio

[ad_1] The Reserve Bank of India has directed IIFL Finance to immediately cease and desist from lending against gold.However, the banking regulator has allowed the company to service its existing gold loan portfolio through the usual collection and recovery processes.The...

₹2000 withdrawal: Total value of banknotes in circulation declined to ₹8,470 crore by Feb-end: RBI

[ad_1] The Reserve Bank of India (RBI) on Thursday said 97.62 per cent of the ₹2,000 banknotes in circulation as on May 19, 2023, had been returned by February 29, 2024, with the remaining notes in circulation continuing to be...