Irrespective of what the Indian policy makers do to lift the economic activity, any monetary tightening action by the US leads to a contraction of output in India, a Reserve Bank of India paper said. Citing historical data, the researchers from the Indian central bank said the impact of the US tightening may be felt … Read more
RBL Bank Share Price NSE: RBL Bank shares will remain in focus on D-Street today after the Reserve Bank of India (RBI) imposed a penalty of Rs 2.27 crore for non-compliance with norms related to recovery agents on Monday. The counter closed at Rs 137.55, down by 2.52 per cent on Monday, NSE. RBI in a statement … Read more
Bengaluru: The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies. Addressing the inaugural session of the meeting of G20 finance ministers and … Read more
The Reserve Bank of India has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for non-compliance with certain provisions issued by the National Housing Bank (NHB), the central bank said on Friday, 17 March. Giving details, the Reserve Bank of India (RBI) said a statutory inspection of the company was … Read more
“Climate proofing of our infrastructure has also been a priority,” the governor said. (file) Kochi, Kerala: Reserve Bank of India Governor Shaktikanta has said that India is the “highest ranked G20 country according to the Climate Change Performance Index 2023” and also the “5th best performing country globally”. During the 17th KP Hormis Memorial Lecture, … Read more
The government has received Rs 3,955 crore as dividend tranches from three state-run firms–NTPC, PowerGrid Corporation of India and Engineers India. “Government has respectively received about Rs 2,106 crore, Rs 1,791 crore and Rs 58 crore from NTPC, PGCIL, and Engineers India Ltd as dividend tranches,” Tuhin Kanta Pandey, secretary in the Department of Investment … Read more
The Reserve Bank of India (RBI) will conduct a 14-day variable rate repo (VRR) auction on March 10 to inject up to Rs 1 lakh crore ($12.19 billion) into the banking system, it said in a release on Thursday. This will be only the second VRR auction conducted by the RBI since February 2020. The … Read more