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India’s fiscal deficit adheres to budget target: RBI Governor

14 Apr 2019

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the gross fiscal deficit has adhered to budgetary targets, and that the current account deficit is expected to be around 2.5 per cent of the GDP in 2018-19. Das said this earlier this week while speaking at the “Governor Talks”

New liquidity requirement for NBFCs credit positive: Moody’s

04 Jun 2019

Credit rating agency Moody’s on Tuesday said the new liquidity requirement for non-bank finance companies announced by the RBI is credit positive since it will reduce their risk due to liquidity shortfall that could disrupt their ability to collect

India’s GST collection up 6.67% in May

04 Jun 2019

The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs1,00,289 crore from a year ago period staying above Rs1 lakh crore in monthly revenue mop-up.

RBI’s booster dose expected; might cut repo rate in FY20

25 May 2019

Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer

e-Money share in India’s payment systems reaches 21.5 per cent: RBI

07 Jun 2019

Getting a leg-up from the demonetisation of Rs500 and Rs1,000 currency notes in November 2016, the share of e-Money in India’s payment systems grew to 21.5 per cent in 2017 from 0.8 per cent in 2012,

India’s overall forex reserves hit $420 billion, RBI data shows

19 May 2019

India’s foreign exchange reserves increased by $1.368 billion during the week ended May 10, official data showed. According to the Reserve Bank of India’s weekly statistical supplement, the overall forex reserves rose to $420 billion from $418.687 billion reported for the week ended May 3.

RBI may cut repo by 40 bps: Report

03 Sep 2019

Noting the gloomy start to the current fiscal with a dismal 5 per cent growth in the first quarter, broking house Kotak Equities on Tuesday also cut down India’s 2019-20 GDP gorwth estimate to 5.8 per cent and said it sees the RBI

RBI clarifies free ATM transactions' issue

16 Aug 2019

The Reserve Bank of India (RBI) clarified that those transactions which fail on account of technical and other specified reasons shall not be included in the ‘five free monthly ATM transactions’.

India’s CB makes unconventional rate cut in a bid to spur growth

07 Aug 2019

The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India’s near-five year low economic growth pace. The six-member monetary policy committee (MPC) cut the repo

Amid slowdown, RBI governor hints at softer approach on rates

19 Aug 2019

Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges.

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