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RBI

India retained its growth momentum in Q1 of FY25, says FinMin’s monthly economic review

by Ron Morgan
India retained its growth momentum in Q1 of FY25, says FinMin’s monthly economic review

The Indian economy retained its growth momentum in the opening quarter (April-July) of the current financial year, the Department of Economic Affairs said in its monthly economic review released on …

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Former RBI DG Mundra asks regulators to ‘introspect’ after recent instances of unease, rulings

by Ron Morgan
Former RBI DG Mundra asks regulators to ‘introspect’ after recent instances of unease, rulings

MUMBAI: Citing recent instances of their proposals creating unease in the industry and decisions getting overruled or withdrawn, Former Reserve Bank of India (RBI) Deputy Governor S S Mundra on …

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2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation

by Ron Morgan
2.2 pc of Rs 2000 banknotes, with value of Rs 7755 crore, still in circulation

About 2.2 per cent or Rs 7,755 crore of the withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at …

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New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

by Ron Morgan
New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

New Delhi: The new government may cut the fiscal deficit target for the current financial year when it presents the full budget in July, encouraged by a better-than-expected deficit reading …

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RBI’s investment in IIFC UK subsidiary fell by a fifth in FY23-24

by Ron Morgan
RBI’s investment in IIFC UK subsidiary fell by a fifth in FY23-24

The RBI’s investment in the state-owned India Infrastructure Finance Company (IIFC) UK subsidiary fell by a fifth from a year earlier to $932 million in FY’2023-24, according to the latest …

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Fintech CRED secures in-principle approval for payment aggregator license

by Edgar Davis
Fintech CRED secures in-principle approval for payment aggregator license

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products …

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India scrambles to curb PhonePe and Google’s dominance in mobile payments

by Edgar Davis
India scrambles to curb PhonePe and Google’s dominance in mobile payments

The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups …

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RBI Assistant Main Result: Scorecard OUT, direct link to download

by Judith Hall
RBI Assistant Main Result: Scorecard OUT, direct link to download

RBI Assistant result OUT: The Reserve Bank of India (RBI) has released the scorecard for the Mains examination conducted for recruitment of RBI Assistants.Candidates who have appeared for the exam …

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India’s ‘Goldilocks’ economy to prompt Reseve Bank of India to keep rates on hold

by Ron Morgan
India’s ‘Goldilocks’ economy to prompt Reseve Bank of India to keep rates on hold

Strong economic growth and moderating inflation means India’s central bank will have room to keep interest rates on hold at its review this week and likely until July, economists say. …

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RBI may maintain policy rate amid strong Q3 GDP growth and delayed US rate cut expectation

by Ron Morgan
RBI may maintain policy rate amid strong Q3 GDP growth and delayed US rate cut expectation

The stronger than expected real GDP growth print for the third quarter of the fiscal as well as US Fed’s indication towards a possibility of rate cut not before late-2024 …

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