On 16th November, the Reserve Bank of India (RBI) implemented stricter regulations on personal loans and credit cards, increasing the risk of a slowdown in loan growth. These new rules, involving higher capital requirements, are expected to raise the cost of such loans, potentially restricting Continue Reading
According to Reserve Bank of India (RBI) Governor Shaktikanta Das, India’s economic growth in recent years has been primarily driven by strong domestic demand, particularly in terms of private consumption and investment. He expressed confidence that India will continue to be one of the fastest-growing major economies in 2023. Governor Das made these remarks during Continue Reading
Shaktikanta Das, the governor of the Reserve Bank of India, announced on Wednesday that the institution would begin a pilot programme for QR code-based coin vending machines (QCVM) in 12 cities across the nation. Instead of physically presenting banknotes, these vending machines will issue coins in exchange for a debit to the customer’s account utilising […]Continue Reading
According to Reserve Bank of India (RBI) Governor Shaktikanta Das, bringing down inflation is the top concern for South Asian nations as dangers to the GDP and investment prospects could increase if pricing pressures linger at high levels. The head of the Indian central bank remarked that the CoVid-19 outbreak and the crisis in Ukraine […]Continue Reading
The Reserve Bank of India increased its benchmark lending rate by 50 basis points to 5.90%, a three-year high spurred by high inflation, aggressive monetary policies worldwide, and market volatility. The monetary policy committee (MPC), which is made up of three members from the RBI and three outside members, hiked the key lending rate, also […]Continue Reading