Mumbai, April 5 (SocialNews.XYZ) RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to…
Mumbai, April 5 (SocialNews.XYZ) Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit…
Mumbai, April 5 (SocialNews.XYZ) The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going ahead amid geopolitical tensions which have “imparted significant uncertainty” to the…
Mumbai, April 5, (SocialNews.XYZ) The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies…
Mumbai, April 5 (SocialNews.XYZ) The realty players have said that the RBI’s move to maintain the current policy rate will stimulate growth within the housing market predicting a significant boon for prospective home buyers. Incidentally,…
Mumbai, April 5 (SocialNews.XYZ) The RBI has decided to allow bank customers to deposit money in Cash Deposit Machines (CDMs) through UPI as part of its policy to enhance convenience in carrying out transactions. Deposit…
Mumbai, April 5 (SocialNews.XYZ) The RBI has decided to undertake a comprehensive review of the liquidity coverage ratio (LCR) framework for banks to prevent a situation where a sudden withdrawal of money by a very…
Mumbai, April 5 (SocialNews.XYZ) The RBI has decided to permit the use of third-party UPI apps for making UPI payments from PPI wallets to further enhance customer convenience and boost adoption of digital payments for…
Mumbai, April 5 (SocialNews.XYZ) With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these Bonds in the IFSC will be notified shortly, RBI Governor Shaktikanta…
Mumbai, April 5 (SocialNews.XYZ) India’s GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said…
Mumbai, April 4 (SocialNews.XYZ) The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim…
Chennai, April 5 (SocialNews.XYZ) Not belying the expectations of senior economists, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent. The repo rate is the rate…
New Delhi, April 4 (SocialNews.XYZ) HDFC Bank’s ADR jumped by more than 6 per cent on Thursday after the private lender announced its business performance for the fourth quarter. HDFC Bank ADR listed on the…
New Delhi, April 4 (SocialNews.XYZ) Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24)…
Stanlow, April 4 (SocialNews.XYZ) EET Retail, the retail division of EET Fuels, is pleased to announce the appointment of Narayan Bhatra as Chief Executive Officer. Narayan was previously Chief Retail Officer at Nayara Energy, India’s…
New Delhi, April 4 (SocialNews.XYZ) The National Stock Exchange (NSE) has sought clarifications from several companies following a spurt in the prices and volumes of their scrips. “Significant increase in volume has been observed in…
Mumbai, April 4 (SocialNews.XYZ) The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead…
New Delhi, April 4 (SocialNews.XYZ) Auto giant Hero MotoCorp on Thursday said it has received a notice from the Income Tax Department to pay up Rs 605 crore as tax and interest for six assessment…
Mumbai, April 4 (SocialNews.XYZ) The Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while the broader markets have bounced back strongly, especially after a sharp recent correction,…
Mumbai, April 4 (SocialNews.XYZ) The Indian benchmark indices climbed to record highs before closing in the green after a volatile session of trade on Thursday, succumbing to profit-taking at higher levels, as per a report…