KV Kamath, a seasoned banker and the chairman of Jio Financial Services, urged businesses to use technology on March 4 because without it, they will cease to exist. "Technology prices are plummeting. I'll give you a metric that I believe we should consider when evalu view more...
How the Reserve Bank of India would operate as an organization following Shaktikanta Das's tenure was a matter of some doubt. Are bankers worried about whether the incoming governor, Sanjay Malhotra, will be personable, open to industry input, and focused on growth? Wh view more...
According to February policy minutes, the Reserve Bank of India's (RBI) monetary policy committee (MPC) members stated that the central bank had the right to lower interest rates because of worries about the country's economic expansion and slowing inflation trajectory. view more...
Central banking can be a dull operation on a good day. Forecasts and borrowing rates are slightly shifted, but ideally not at all. Regretfully, the negative moments become symbolic and seductive. This week's reminder that there isn't always a crisis came from a wide ran view more...
The LIC Smart Pension Plan is a non-participating, non-linked, individual/group savings and instant annuity plan that was developed by the Life Insurance Corporation of India (LIC). A press statement states that the initiative's goal is to provide various retirement op view more...
This month, the Reserve Bank of India's monetary policy committee unanimously decided to lower interest rates. This was in contrast to the rate review in December, which voted 4-2 to maintain rates on hold. The hitherto held hawkish tilt softened as a result of the MPC' view more...
On February 12, the Indian rupee began strongly, rising 39 paise against the US dollar to 86.4425, or 0.36 percent, to become the best-performing currency in Asia for the second consecutive day. Due to a probable Reserve Bank of India (RBI) intervention in the foreign view more...
The rupee has rebounded by about 21 paise to regain the 87 mark against the US dollar after remained unstable during the previous trading session. As opposed to the previous finish of 87.48 against the US dollar, the rupee opened at 87.35 and then recovered to 87.0750 view more...
The budget will be unveiled at a time when the economy's two main growth engines, capital expenditures and consumption, are starting to wane. There is growing demand that the budget increase the discretionary income of urban consumers, who are struggling due to slowed i view more...
According to a source speaking on condition of anonymity, the Bank of Maharashtra anticipates making an additional expected credit loss (ECL) provisioning of Rs 125–150 crore each quarter in order to comply with RBI standards. The source went on to say that the bank view more...
According to Suvendu Pati, chief general manager (CGM) of the Reserve Bank of India (RBI), the Unified Lending Interface (ULI), dubbed the UPI-of lending space, has disbursed 7.5 lakh loans totaling Rs 38,000 crore thus far. The central bank previously stated in the Tr view more...
The emphasis is still on finding a delicate balance between budgetary austerity and economic growth as India prepares to publish the Union Budget for FY26. Prudent fiscal management without slowing growth momentum is required to meet the government's ambitious goal of b view more...
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