Tag: RBI

‘Rupee’s Fall Due To Dollar’s Rise, Intervention Can Harm Exports’: Ex-RBI Governor

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‘Rupee’s Fall Due To Dollar’s Rise, Intervention Can Harm Exports’: Ex-RBI Governor

Davos: Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption. Asked what the second term…

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Nation

High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report

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High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report

New Delhi: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs),…

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Banking Frauds Rise In H1FY25, Amount Involved Jumps 8-Time: RBI Report

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Banking Frauds Rise In H1FY25, Amount Involved Jumps 8-Time: RBI Report

Mumbai: The number of bank frauds witnessed a significant on-year increase in the first half of the current fiscal to 18,461 cases and the amount involved jumped more than eight-fold to Rs 21,367 crore, according to RBI data released on Thursday. The Reserve Bank of India has released the Report on Trend and Progress of…

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Nation

Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin

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Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin

Mumbai: The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the ‘State of the Economy’ in the December bulletin noted that the…

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RBI approves Burman family entities’ open offer to acquire 26% additional stake in REL

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RBI approves Burman family entities’ open offer to acquire 26% additional stake in REL

The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26% stake in NBFC firm Religare Enterprises Ltd (REL). The central bank also directed maintaining of the current board/management structure of REL. The Reserve Bank of India (RBI) said it has granted…

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Business

Indian rupee hits record low as appointment of new RBI chief spurs dovish bets

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Indian rupee hits record low as appointment of new RBI chief spurs dovish bets

The RBI likely stepped in to support the rupee, with traders pointing to dollar sales by state-run banks. Representational image | Photo Credit: Reuters The Indian rupee weakened to a record low on Tuesday (December 10, 2024), pressured by heightened expectations of domestic rate cuts next year after the government named career civil servant Sanjay…

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Business

Reserve Bank’s MPC starts deliberations on bi-monthly monetary policy

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Reserve Bank’s MPC starts deliberations on bi-monthly monetary policy

 The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee will be announced on Friday (December 6, 2024) | Photo Credit: Reuters Reserve Bank’s high level panel on Wednesday (December 4, 2024) started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation…

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Business

Stock markets close lower on fag-end selling as RBI changes stance to neutral

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Stock markets close lower on fag-end selling as RBI changes stance to neutral

Image for representational purposes only. | Photo Credit: REUTERS Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday (October 9, 2024) due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy…

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Business