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Net Profits Of Manufacturing Companies Surged By 50% In FY'22: RBI

Net Profits Of Manufacturing Companies Surged By 50% In FY'22: RBI

Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level, it said

25 June 2022
Under Industry Pressure, RBI Extends Card Tokenisation Deadline Till Sep 30, 2022

Under Industry Pressure, RBI Extends Card Tokenisation Deadline Till Sep 30, 2022

The central bank had earlier directed the merchants to implement its tokenisation norms by June 30, 2022. 

24 June 2022

Card Tokenization: Most Large Merchants Complying With Norms As Deadline Nears

The RBI had directed the merchants to implement its tokenization norms by June 30, 2022. The central bank has twice extended the deadline of its implementation...

RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...

24 June 2022

Current Account Slips Into Deficit, At 1.2% In FY22 On Wider Trade Gap

In absolute terms, the deficit for FY22 came at $38.7 billion as against a surplus of $24 billion in the year-ago period, data released by the RBI showed

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21 June 2022
Operating Profit Growth Of Listed Firms Decelerated In Q4 Of FY22: RBI Data

Operating Profit Growth Of Listed Firms Decelerated In Q4 Of FY22: RBI Data

The operating profit of manufacturing companies decelerated sharply to 7 per cent in the fourth quarter of last fiscal as against 70 per cent in the...


21 June 2022
RBI Postpones Implementation Of Certain Norms Related To Credit, Debit Cards By Three Months

RBI Postpones Implementation Of Certain Norms Related To Credit, Debit Cards By Three Months

Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card – Issuance and Conduct Directions,...


20 June 2022
FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

FinMin Asks Banks To Expedite NPA Resolution; Focus On Credit Growth

The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some other pressing engagement


20 June 2022
Adverse Global Events May Lead To $100 Billion Portfolio Outflows, Says RBI Article

Adverse Global Events May Lead To $100 Billion Portfolio Outflows, Says RBI Article

The article, titled 'Capital Flows at Risk: India's Experience' published in the RBI's latest bulletin, further said in a 'black swan' event comprising a...


20 June 2022
Kerala Not In 'Debt Trap'; RBI Article Failed To Study Ground Realities: Finance Minister Balagopal

Kerala Not In 'Debt Trap'; RBI Article Failed To Study Ground Realities: Finance Minister Balagopal

Urging the union government to provide the states with their justifiable share of the revenue, Balagopal said the Centre has not decided yet on their demand...


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20 June 2022
States Showing Warning Signs Of Stress; Need Corrective Action: RBI Article

States Showing Warning Signs Of Stress; Need Corrective Action: RBI Article

"The recent economic crisis in neighboring Sri Lanka is a reminder of the critical importance of public debt sustainability. The fiscal conditions among states...


20 June 2022
Kerala Is Heading Towards Huge Debt Trap: RBI Article

Kerala Is Heading Towards Huge Debt Trap: RBI Article

“The recent economic crisis in neighboring Sri Lanka is a reminder of the critical importance of public debt sustainability. The fiscal conditions among...


19 June 2022
Sovereign Gold Bonds Saw Maximum Traction In Covid-Hit Years; Next SGBs Tranche Opens Monday

Sovereign Gold Bonds Saw Maximum Traction In Covid-Hit Years; Next SGBs Tranche Opens Monday

The next tranche of SGBs is scheduled to open for subscription for five days beginning Monday. The issue price has been fixed at Rs 5,091 per gram of gold. It...


18 June 2022
Will RBI Raise Interest Rates After Fed rate hike? What should investors do?

Will RBI Raise Interest Rates After Fed rate hike? What should investors do?

The central bank, according to economists and reports, could go for an additional interest rate hike of up to 125 bps this fiscal, taking the overall increase...


17 June 2022
RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

RBI Payments Vision 2025 Aims 3-fold Increase In Digital Payments

The document also talks about ring-fencing of domestic payment systems, including the need to mandate domestic processing of payment transactions, in view of...


17 June 2022
Don't See Any Adverse Impact Of US Fed Rate Hike: Economic Affairs Secretary Ajay Seth

Don't See Any Adverse Impact Of US Fed Rate Hike: Economic Affairs Secretary Ajay Seth

"So, I don't see any adverse impact of that (rate hike by Fed) because Reserve Bank of India, in the two previous cycles, has already taken adequate measures,"...


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17 June 2022
Recovery On Track, India Better Placed To Avoid Stagflation: RBI Article

Recovery On Track, India Better Placed To Avoid Stagflation: RBI Article

The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as the ratcheting up of commodity prices and...


17 June 2022
RBI Raises Limit Of E-Mandates For Transactions Up To Rs 15,000

RBI Raises Limit Of E-Mandates For Transactions Up To Rs 15,000

The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments, including the requirement of...


17 June 2022
Import Freight Cost Surge By 10% Increases Annual CPI By 0.21 Percentage Point: RBI Article

Import Freight Cost Surge By 10% Increases Annual CPI By 0.21 Percentage Point: RBI Article

The article analysed the impact of freight price shocks such as container shortages and the pandemic-related market frictions, on the retail prices through...


17 June 2022
RBI Turns Net Buyer Of US Dollar In April; Buys $1.965 Billion

RBI Turns Net Buyer Of US Dollar In April; Buys $1.965 Billion

In the reporting month, RBI bought $11.965 billion and sold $10 billion in the spot market, the bulletin released on Thursday showed


14 June 2022
Govt Appoints Mahindra, Patel, Srinivasan And Dholakia On RBI Central Board

Govt Appoints Mahindra, Patel, Srinivasan And Dholakia On RBI Central Board

The nominations have been made for four years by the  Appointments Committee of the Cabinet (ACC), the RBI said in a notification


10 June 2022
Over 1.18 Crore Payment Devices Deployed Across Country Till April: RBI Data

Over 1.18 Crore Payment Devices Deployed Across Country Till April: RBI Data

The contribution to PIDF is made by the Reserve Bank, authorised card networks and card-issuing banks; the corpus currently stands at Rs 811.4 crore, the RBI...


10 June 2022
Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Daily balances in savings accounts above Rs 50 lakh will now earn an interest of 4 per cent per annum as against the earlier rate of 3.50 per cent, while the...


08 June 2022
Rate Hike, Withdrawal Of Accommodation Calibrated To Evolving Inflation-Growth Dynamics: Shaktikanta Das

Rate Hike, Withdrawal Of Accommodation Calibrated To Evolving Inflation-Growth Dynamics: Shaktikanta Das

The six-member Monetary Policy Committee (MPC), which met from May 6-to 8, unanimously voted to increase the policy repo rate to 4.90 per cent


08 June 2022
Monetary, Fiscal Authorities Taking Steps To Moderate Inflation, Push Growth: DEA Secretary Ajay Seth

Monetary, Fiscal Authorities Taking Steps To Moderate Inflation, Push Growth: DEA Secretary Ajay Seth

The central bank also upped the inflation projection to 6.7 per cent while maintaining the growth estimate at 7.2 per cent for the current fiscal.


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