According to market players who spoke with the central bank last week, India’s federal government should limit borrowing in the first half of the upcoming fiscal year to 55% of the objective and increase the proportion of longer-tenor bonds. The Reserve Bank of India, which represents as the government’s debt arranger, met with a select…
The likelihood of interest rates in the US remaining higher for longer has increased because inflation is not expected to decline anytime soon. The Reserve Bank of India may raise interest rates by 25 basis points at the following policy meeting and maintain its hawkish attitude, according to Prasanna Balachander, group head of global markets,…
According to information provided by the Reserve Bank of India, the growth of non-food bank loan in January was 16.7%, a significant increase above the 8.3% growth seen in the same month last year. According to data on Sectoral Deployment of Bank Credit in January, credit growth to agricultural and related sectors increased to 14.4%…
The Reserve Bank of India (RBI) said on Monday that the banking system’s loan growth for the three months ending December 31 was 16.8%, up from a rise of 8.4% in the same period a year earlier and a rise of 17.2% at the end of the second fiscal quarter. Bank branches in metropolitan areas,…
According to RBI Monetary Policy Committee (MPC) member Jayanth R Varma, India’s economic development appears to be “extremely unstable” and may not be sufficient for the nation to meet the demands of its expanding workforce.In India, according to Varma, he anticipates that inflation would stay high in 2022–2023 but will sharply decline in 2023–2024. Nevertheless,…
At its upcoming meeting, which is set for April 6–8, the monetary policy committee (MPC) is expected to vote in favour of a 25 basis point increase in the policy repo rate, according to economists, as the February MPC review minutes highlighted internal members’ elevated concerns over core inflation and hawkish communication. The February MPC…
According to a warning in an article in the most recent monthly bulletin from the RBI, the decline in inflation is predicted to be obstinate and hampered by supply shocks over the coming year. According to the article headed “Status of the Economy,” almost every other component of the consumer price index, statistical and exclusion…
Applications for authorization under the 2007 Payment and Settlement Systems Act from well-known online PAs (non-bank payment aggregators), including Freecharge PayTM Payments Services, Payment Technologies, and PayU Payments, have been rejected by the Indian Central Bank (PSS Act). Also, the central bank amended the Technology Tapits application. Yet, to be fair, within 120 days of…
Forward-looking polls from the Reserve Bank of India indicate a general improvement in the economy. While a survey of 40 professional forecasters on macroeconomic indicators predicted GDP growth of 6.6-7.2% for 2022–2023, a survey on the outlook for services and infrastructure revealed an improvement in the general business environment, with respondents especially upbeat about employment…
The RBI stated in its Statement on Developmental and Regulatory Policies that it is putting up a pilot project on QR code-based coin vending machines (QCVM) in partnership with a few major banks to increase coin distribution to the general population. The QCVM is a cashless coin dispenser that eliminates the requirement for physical banknote…
