According to Ashwani Kumar Tiwari, managing director of State Bank of India, "the increase in risk weights on unsecured loans in November 2023 and the draft circular on project loans for lenders sends a clear signal - temper down growth." "The signal is that if these... Show More
Invest Wisely | What can we learn from equities mutual fund cash levels
The percentage of a mutual fund's total assets that are held in cash or cash equivalents is known as the cash level of the fund. The goal of keeping cash on hand is to provide liquidity to facilitate redemptions or, in the event that the fund manager believes that prese... Show More
Nomura had earlier estimated that India's GDP would increase by 6.9% in FY25. Due to lower Q2 and lackluster signs for Q3, global brokerage Nomura has slashed its FY25 GDP growth estimates for India from 6.9 percent to 6.7 percent. Additionally, Nomura's GDP growth est... Show More
In beginning trade, the rupee easily regains the 87 level against the US dollar.
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 ... Show More
In relation to the US dollar, the Indian rupee opens 39 paise higher at 86.4425.
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 ... Show More
India: Will the easing cycle be constrained by a weak rupee?
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'... Show More
To improve retirement security, LIC introduces the Smart Pension Plan.
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... Show More
A welcome return to normalcy is provided by central banks throughout Asia.
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... Show More
Growth worries and declining inflation enable the RBI to lower rates and display MPC minutes.
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.... Show More
Vault matters: RBI's new management is reorganizing priorities.
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... Show More
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