Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. Also read:Govt evaluating usefulness of interest equalisation scheme in promoting exports According to a working paper prepared by RBI officials, the regulatory and … Read more
Conditions are shaping up for an extension of the trend upshift that took India’s average real GDP growth above 8 per cent during 2021-24 even as there is greater confidence now that the descent of retail inflation to the 4 per cent target is imminent, according to an article in RBI’s latest monthly bulletin. The … Read more
The board of India’s Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. “I, personally or anyone from OCL, have no connection with the payments bank,” Vijay Shekhar Sharma said at a webinar. “There … Read more
The extant monetary policy setting is well positioned in the backdrop of the growth-inflation dynamics, with growth prospects looking bright in FY25 and headline inflation moderating, according to RBI Governor Shaktikanta Das. Also read:Argentina cuts interest rate to 70% as financial markets see inflation easing further “The Indian economy is growing at a robust pace … Read more
Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. “Surinder Chawla, Managing Director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal … Read more
Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. “Surinder Chawla, Managing Director and CEO of PPBL, has tendered his resignation on April 8, 2024, on account of personal … Read more
Reserve Bank of India’s forward looking surveys indicate improving macro economic sentiments across various segments. Also read:RBI Deputy Governor stresses governance, audit function, technology at UCB conference Services sector firms assessed further improvement in overall business situation, job landscape and their turnover during the fourth quarter of 2023-24. While enterprises gauged higher cost pressures stemming … Read more
Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then with their existing financial systems. The Reserve Bank of India has proposed the expansion of support for the digital rupee CBDC within the retail ecosystem beyond banks. In the coming days, the RBI is expected to start circulating the … Read more
The RBI has decided to permit eligible foreign investors in the International Financial Services Centre (IFSC) to also invest in Sovereign Green Bonds (SgrBs). This is with a view to facilitating wider non-resident participation in SgrBs. At present, foreign portfolio investors (FPIs) registered with SEBI are permitted to invest in SGrBs under the different routes … Read more
The Reserve Bank on Friday said that food price uncertainties will continue to weigh on the inflation trajectory going forward, even as it retained 4.5 per cent retail inflation projection for the current fiscal. Also read: RBI to allow UPI payments from PPI wallets via third-party apps; may benefit Paytm In its first bi-monthly monetary … Read more