Friday, May 20, 2022
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RBI To Pay Rs 30,307 Crore Dividend To Government For FY22

RBI To Pay Rs 30,307 Crore Dividend To Government For FY22

The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22 while deciding to maintain the Contingency Risk Buffer at 5.50 per cent, RBI said in a statement

20 May 2022
RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

RBI Allows Settlement Of Trade Transactions With Sri Lanka In INR

In March, the government had guaranteed a term loan of $1 billion extended by the SBI to Sri Lanka for financing the purchase of essential goods by the island...

19 May 2022

RBI Opted For Off-Cycle Rate Hike To Avoid Tougher Action In June: Governor Shaktikanta Das

The timing of the decision of the MPC, which has six members including Das, surprised markets even though a rate hike was expected in the wake of spiraling...

Low, Stable Inflation Critical For Spurring Growth: RBI Article

Low, Stable Inflation Critical For Spurring Growth: RBI Article

The article titled 'State of the Economy' notes that the Indian economy consolidated its recovery, with most constituents surpassing pre-pandemic levels of...

17 May 2022

RBI Rejects On Tap Banking License Request Of 6 Out Of 11 Applicants

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines.

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17 May 2022
Economy Likely To Grow 12% To 13% In Q1: ICRA

Economy Likely To Grow 12% To 13% In Q1: ICRA

Citing rising inflation worries, ICRA said the consumer price index is expected to average at 6.3-6.5 per cent this fiscal.


15 May 2022
Cryptocurrency Can Lead To Dollarisation Of Economy: RBI Tells Parliamentary Panel

Cryptocurrency Can Lead To Dollarisation Of Economy: RBI Tells Parliamentary Panel

Cautioning that besides being used for terror financing, money laundering, and drug trafficking, cryptos pose a bigger threat to the stability of the financial...


15 May 2022
Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

The 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an...


15 May 2022
RBI Not 'Behind The Curve' In Hiking Repo Rate: MPC Member Ashima Goyal

RBI Not 'Behind The Curve' In Hiking Repo Rate: MPC Member Ashima Goyal

Her comments come days after the MPC, the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle...


14 May 2022
Why Major FMCG Brands Have Opted For ‘Shrinkflation’

Why Major FMCG Brands Have Opted For ‘Shrinkflation’

In India, major industry players like Dabur, Hindustan Unilever, Nestle, Britannia, Coca Cola, Pepsi Co, and P&G have opted for Shrinkflation


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13 May 2022
India's Forex Reserves Dip $1.774 Billion To $595.954 Billion For The Current Week

India's Forex Reserves Dip $1.774 Billion To $595.954 Billion For The Current Week

In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark.


13 May 2022
RBI Appoints Rajiv Ranjan, Sitikantha Pattanaik As Executive Directors

RBI Appoints Rajiv Ranjan, Sitikantha Pattanaik As Executive Directors

Ranjan has a Ph.D. in economics from Mumbai University and holds a Masters's degree in economics from the Delhi School of Economics.


12 May 2022
RBI May Up Inflation Forecast In Next MPC Meeting; Rate Hike On Cards: Sources

RBI May Up Inflation Forecast In Next MPC Meeting; Rate Hike On Cards: Sources

The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent


10 May 2022
RBI Repo Rate: After Hike In Lending Rates, Banks Start Hiking Deposit Rates on FDs, SBs

RBI Repo Rate: After Hike In Lending Rates, Banks Start Hiking Deposit Rates on FDs, SBs

Banks have now started hiking deposit rates both for retail as well as HNI and institutional customers both on savings as well as fixed deposits. Read here to...


09 May 2022
Indian Overseas Bank Becomes Latest To Hike Repo-Based Lending Rate To 7.25%

Indian Overseas Bank Becomes Latest To Hike Repo-Based Lending Rate To 7.25%

With the RBI's decision to raise the policy rate by 0.40 per cent to 4.40 per cent last week, several banks have revised their lending rates based on repo and...


09 May 2022
HDFC Joins Cohort Of Banks To Hike Lending Rate By 0.25%

HDFC Joins Cohort Of Banks To Hike Lending Rate By 0.25%

The bank has hiked the marginal cost of funding-based lending rate (MCLR) by 0.25 per cent across tenors from May 7, as per its website.


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07 May 2022
Nirmala Sitharaman Flags Anonymity As 'Inherent Risk' In Use Of Blockchain

Nirmala Sitharaman Flags Anonymity As 'Inherent Risk' In Use Of Blockchain

The finance minister made it clear that using the distributed ledger technology (DLT), which is also called as blockchain, is “absolutely imperative” and...


06 May 2022
RBI To Fight Inflation With Greater Resolve Now: Report

RBI To Fight Inflation With Greater Resolve Now: Report

The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...


05 May 2022
ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

ICICI, Bank Of Baroda, Bank Of India, Central Bank Revise Lending Rates After Repo Rate Hike

The increase in the repo by RBI will push up the cost for most of the personal loans, auto and home loans for customers as the new loans post-October 2019 are...


05 May 2022
RBI Failed In Convincing Government For Supply-Side Measures To Fight Inflation, Will Work Alone Now: Sources

RBI Failed In Convincing Government For Supply-Side Measures To Fight Inflation, Will Work Alone Now: Sources

The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...


05 May 2022
Kotak Mahindra Bank Raises Savings Rate On Fixed Deposits By Up To 0.35%

Kotak Mahindra Bank Raises Savings Rate On Fixed Deposits By Up To 0.35%

The increase in FD (Fixed Deposit) rates comes after the Reserve Bank of India announced a 40 basis points hike in the repo rate, Kotak said in a release.


05 May 2022
RBI Repo Rate Hike: Home Loan EMIs For Existing And New Loans To Get Costly

RBI Repo Rate Hike: Home Loan EMIs For Existing And New Loans To Get Costly

With the RBI increasing the repo rate by 40 basis points, existing as well as new loans will get costly, and your monthly EMI outgo is all set to increase....


05 May 2022
Key Things To Know Before Market Opens On Thursday

Key Things To Know Before Market Opens On Thursday

The SGX Nifty indicated a positive start for the equity market


04 May 2022
Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

Growth To Be In Range Of 7% To 8.5% Given Global Uncertainties: CEA Nageswaran

The International Monetary Fund recently lowered its growth forecast to 8.2 per cent which is higher than 7.2 per cent by the Reserve Bank of India.


04 May 2022
RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.


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