Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday (Oct. 17) took action against four Non-Banking Financial Companies (NBFCs), instructing them to cease new loan sanctions and disbursements, while a Morgan Stanley report suggests that more companies in the lending sector could face similar scrutiny.
Zomato's upcoming fund raise plan worth Rs 8,500 crore likely to get board nod: Report
New Delhi/IBNS: Leading Indian multinational restaurant aggregator and food delivery company Zomato is expected to approve a fund raise of Rs 8,500 crore, CNBC-TV18 reported citing insider sources.
India's retail inflation climbs to 5.49%, highest in CY24; WPI inflation also rises
New Delhi/IBNS: Retail inflation in India surged to a nine-month high in September, driven by rising food prices and the diminishing impact of a favourable base effect.
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), in its meeting held from October 7 to 9, announced on Wednesday that the benchmark repo rate will remain steady at 6.5 percent.
RBI increases UPI 123Pay and UPI Lite limit in MPC meeting
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 9) announced an increase in the transaction limit for UPI123 Pay from Rs 5,000 to Rs 10,000.
RBI MPC meeting: Central bank keeps repo rate unchanged at 6.5%, stance changed to 'neutral'
New Delhi/IBNS: The Reserve Bank of India's (RBI) reconstituted Monetary Policy Committee (MPC), which met from October 7 to 9, announced on Wednesday (Oct. 9) that it would keep the benchmark repo rate unchanged at 6.5 percent.
RBI unlikely to postpone policy shift despite limited impact of Iran-Israel tensions
Mumbai/IBNS: The growing tensions between Israel and Iran are not expected to prompt the Reserve Bank of India (RBI) to delay its shift in monetary policy, as experts suggest the impact on the economy and crude oil prices remains minimal, reports Moneycontrol.
India’s Forex reserves reach record high of $704.89 billion
New Delhi: India's foreign exchange reserves have surged to an all-time high of $704.89 billion, marking an increase of $12.5 billion as of September 27, according to data from the Reserve Bank of India (RBI) released on Friday.
India appoints three new members to RBI's Monetary Policy Committee
New Delhi: The government has appointed Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as the new external members of the Reserve Bank of India's Monetary Policy Committee (MPC), according to a government statement released on Tuesday.
Asian Development Bank retains India's 2024-25 growth forecast at 7%
New Delhi/IBNS: The Asian Development Bank (ADB) has retained India's growth forecast at 7 percent for the current fiscal year (FY25), with expectations of an accelerated growth rate of 7.2 percent in FY26, according to a report released on Wednesday (Sept. 25).
September to be busiest month for IPOs in last 14 years, says RBI report
Mumbai: September is on track to be the busiest month for initial public offerings (IPOs)—both mainboard and SME—in 14 years, with over 28 companies entering the market so far, Moneycontrl reported, citing the latest monthly bulletin from the Reserve Bank of India (RBI).
India's net FDI rises to $5.5 billion in Q1FY25: RBI report
Mumbai: India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25), up from $3.8 billion in the same period last year, Business Standard reported citing the latest Reserve Bank of India (RBI) report.
US Fed rate cut to have little impact on India: CEA Nageswaran
New Delhi: The recent rate cut by the US Federal Reserve is unlikely to have a major impact on India, as much of the move was already factored into the market, said Chief Economic Advisor (CEA) V. Anantha Nageswaran on Thursday, media reports said.
RBI revokes restrictions on IIFL Finance gold loan business
Mumbai: Non-bank lender IIFL Finance said on Thursday that the Reserve Bank of India (RBI) lifted the earlier restrictions imposed on its gold loan operations.
India's wholesale inflation drops for second consecutive month to 1.31% in August
New Delhi/IBNS: Wholesale inflation in India declined for the second consecutive month, reaching 1.31 percent in August, driven by lower prices for vegetables, food, and fuel, according to government data released on Tuesday.