RBI MPC Meet Starts Today, Repo Rate Hike on the Cards
Today, three days Monetary Policy Committee meeting is scheduled with the governor of the Reserve Bank of India (RBI), Shaktikanta Das, and another member of...
Tag : Reserve Bank of India (RBI)
Strong Q1 Earnings Push ITC to 3-Year High, Shares Up 3%
ITC shares hit a more than three-year high of Rs 316.65 in intraday trade on Tuesday, up 3% on the BSE, after the cigarette hotel...
RBI Bans Non-Card Issuers from Storing CoF Data from October 1
On Thursday, the Reserve Bank of India (RBI) said that from October 1, no entity in the card transaction/payment chain other than the card issuer...
PayNearby to Start Cross-Border Remittance Services by October
Fintech startup PayNearby will launch a cross-border remittance service in October, allowing recipients to withdraw the amount at their request rather than withdrawing the entire...
RBI Allows IDBI Bank Bidders to Own More Than 40%
The government and LIC want to sell 51-74% of the lender through a strategic divestment. The official said the banking regulator had informed that it would...
Yes Bank Shares Up 18% in One Month Amid Investment Boom
On July 22, shares of Yes Bank gained interest from buyers for the fifth day in a row, with reports that Carlyle and Advent were...
RBI Closer to Its Inflation Mandate Than Other Central Banks
Central banks worldwide have been raising interest rates frantically to curb inflation. The Reserve Bank of India (RBI) is closer to its inflation target than...
India Sees Fastest Interest Rate Hikes Among Its Asian Peers
Most central banks have been raising interest rates to control inflation. However, a comparison with other large emerging market economies (EMEs) in Asia shows that...
Govt to Auction Rs 32K Crore of Four Gilts on July 15
On July 11, the Ministry of Finance announced the Government of India would auction four gilts worth Rs 32,000 crore on July 15. According to...
India’s Foreign Exchange Reserves Decline $4.6 Billion to $596 Billion
The Reserve Bank of India (RBI) released the latest data showing that India’s foreign exchange reserves fell by $4.6 billion to $596 billion on June...
