Tag: RBI

Government seeks to identify 100 products in local manufacturing push

Business
NEW DELHI: To drive self-sufficiency, the commerce department is identifying 100-odd products for a local manufacturing push where domestic players depend on imports currently, a top official said Monday.The swadeshi initiative is expected...

UCO Bank gets approval to work with sanctioned refiner Nayara

Economy
Indian lender UCO Bank has received government approval to facilitate trade payments for Nayara Energy Ltd., according to people familiar with the matter, nearly two months after the refiner was sanctioned by the EU and...

RBI’s central board assesses global, domestic economic landscape

Economy
RBI's central board on Friday assessed the emerging global and domestic economic landscape, including the geopolitical and financial market developments and associated challenges....

Taxman sets out to draw up a crypto code

Crypto
MUMBAI: India's apex tax body has asked the cryptocurrency players whether the country needs a new law on virtual digital assets (VDA), which...

RBI keeps repo rate unchanged at 5.5%

Economy
MUMBAI: The Reserve Bank of India (RBI) held policy rates steady at 5.5% with a unanimous vote from all six members of the...

RBI holds rates citing WIP transmission, tariffs

Economy
The Reserve Bank of India (RBI) Wednesday maintained policy interest rates citing ongoing transmission of its recent actions and global trade uncertainties. The...

RBI announcements on Wednesday: Banks keep an eye on new liquidity, co-lending norms

Economy
Bankers are looking forward to two important announcements from the RBI—revised liquidity management framework and final norms on co-lending arrangements between lenders—on Wednesday,...

Central banks are building a haven of bullion assets

Economy
MUMBAI: Central bank gold appetite, although not as voracious as the 1,000-tonne-a-year purchases in the past three calendar years, remains largely undiminished globally...

IndusInd panel gets extension from RBI

Business
IndusInd panel gets extension from RBI Source link

RBI won battle against inflation, war continues, Governor Sanjay Malhotra says

Economy
The Reserve Bank of India has won the battle against inflation but the war continues as price stability remains the primary objective, Governor...

Number of employed people in India rose to 64.33 cr in FY24 from 47.5 cr in FY18

Economy
The number of employed people in the country rose to 64.33 crore in 2023-24 from 47.5 crore in 2017-18, Union Minister Shobha Karandlaje...

RBI seeks to tighten norms for digital banking

Economy
MUMBAI: In a move that could deal a setback to the cross-selling of financial products, the Reserve Bank of India (RBI) has proposed...

Raghuram Rajan says rate cuts by RBI not magic bullet to propel investments

Economy
Former RBI Governor Raghuram Rajan has said repo rate cuts by the Reserve Bank in recent times are not a "magic bullet" that...

RBI reviews ULI rollout with lenders amid slow adoption

Economy
Mumbai: The Reserve Bank of India (RBI) leadership on Wednesday met officials of banks and non-banking finance companies to discuss the way to...
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