With deposit progress lagging credit score progress, the Reserve Financial institution of India (RBI) mentioned it plans to revise upwards the definition of bulk deposits for scheduled business banks (excluding regional rural banks), small finance banks and native space banks. That is aimed toward serving to banks’ garner extra deposits to help mortgage progress. RBI … Read more
RBI Governor Shaktikanta Das ANI | Photograph Credit score: ANI The Reserve Financial institution of India (RBI) is intently monitoring the incoming information on unsecured retail loans and reliance of non-banking finance corporations (NBFCs) on financial institution funding to establish if additional measures are essential to reasonable these loans and advances. In November final yr, … Read more
The Reserve Financial institution of India’s Financial Coverage Committee (MPC) is more likely to go away the coverage repo fee unchanged at its upcoming assembly on account of sturdy progress momentum even because it keenly awaits retail inflation to maneuver to the 4 per cent goal on a sturdy foundation. Additionally learn:RBI’s new portal to … Read more
On this State of The Economic system podcast, Nabodita Ganguly talks to Anurag Mittal,Anurag Mittal, Head – Fastened Revenue, UTI AMC, protecting numerous elements of the present international financial panorama, with a selected concentrate on rates of interest, the US greenback, and Indian bond yields. Anurag Mittal begins by addressing the anticipation of rate of … Read more