[ad_1] India’s central bank, the Reserve Bank of India (RBI), has been selected for the Central Banking’s Digital Transformation Award 2025 in London, United Kingdom, on Friday, March 14, as per a social media post on platform X. “The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking,…
[ad_1] Shaktikanta Das, who recently retired as Reserve Bank of India (RBI) governor, was appointed as a principal secretary to the Prime Minister, making him the second most important government bureaucrat in the country. Just as retired judges taking up political appointments is perceived as undermining judicial independence, post-retirement appointments of central bank governors could…
[ad_1] Retail inflation in February eased to under the Reserve Bank of India’s (RBI) 4% target for the first time in six months, government data released on Wednesday showed. The consumer price index was up only 3.6% from the same month in 2024. Also Read: Mint Quick Edit | Inflation is down: Will interest rates…
[ad_1] The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades. The fact that…
[ad_1] Although only a few hundred deportees so far have been of Indian origin, there are serious implications for Indian labour market entrants. Nation states across the globe are now squarely responsible for providing jobs and livelihoods for populations within their respective borders. Also Read: America’s H-1B visa is vital to US interests—and suits India…
[ad_1] Estimates of gross value added (GVA) and gross domestic product (GDP) for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part…
[ad_1] Bank accounts being suddenly frozen due to KYC issues is a growing crisis across India, leaving millions locked out of their savings. While customers blame banks and banks blame regulations, the real issue runs much deeper. Banks are bound by regulations, including the Prevention of Money Laundering Act (PMLA), which requires them to track…
[ad_1] This reflects a proactive but calibrated approach to support an economic recovery, while staying focused on gradually aligning Consumer Price Index inflation with its mandated target of 4%. The MPC’s forward-looking approach is commendable, especially given the long lags of policy transmission. That rate cut came on the back of several liquidity-easing measures announced…
[ad_1] The central bank has restored the risk weights on bank loans to NBFCs to the levels before they were hiked in November 2023. The RBI then raised risk weights on banks’ exposure to NBFCs by 25 percentage points, over and above the risk weight associated with the given external rating. The revised risk weights…
[ad_1] Early this month, Reserve Bank of India (RBI) cut its repo rate to 6.25 percent. Following this, a few banks have followed suit. A couple of banks have cut their interest rates on term deposits, albeit marginally. It is even recommended that the depositors who want to lock their savings in fixed deposits can…
