Tag: Reserve Bank of India
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Ahmedabad, Delhi-NCR, Has The Most Affordable Housing Report placing sixth
A brand-new research has been made available by renowned property adviser Knight Frank India. Ahmedabad is the most reasonably priced city to live in in India, according to a newly released survey. Additionally, the research noted that Delhi-NCR is India’s sixth most inexpensive metropolis. The affordability index served as the foundation for the ranking. The…
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The center is preparing strict measures to control sticky food inflation
According to Union Food Secretary Sanjeev Chopra, the Center is contemplating taking more drastic measures to curb rising food costs since July’s inflation showed a significant increase driven mostly by grains and vegetables. With the exception of a few extreme decisions, like government-to-government cereal import, the Union government has used nearly all of the strategies…
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Economy picking up steam in Q2: RBI
The global recovery is slowing after a strong first quarter performance due to weaker industrial production and trade, but the Indian economy is picking up steam in the second quarter of 2023–2024, according to the Reserve Bank of India (RBI), which published its monthly bulletin for August 2023 on Thursday. According to the bulletin’s “State…
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3.9% is Assam’s low retail inflation rate for July
With a retail inflation rate of 3.9% in July, Assam has one of the lowest rates in the country. The information provided by the National Statistical Office made this clear. With rates of 3.7 and 5.0 percent, respectively, Delhi and Jammu & Kashmir among the other states also recorded comparatively low inflation estimates.
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How Will RBI’s Public Tech Credit Platform Improve Access To Loans?
Beginning today, August 17, 2023, the Reserve Bank of India (RBI) Public Tech Platform is a pilot initiative for simple loan distribution by bringing together lenders and borrowers. To increase credit penetration into underserved regions, the platform would provide non-collateral Micro, Small and Medium Enterprises (MSME) loans, Kisan Credit Card loans up to Rs 1.6…
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As NIMs cease climbing, Indian banks’ profits might drop
As net interest margins (NIMs) cease increasing as a result of the central bank’s decision to prolong its halt on rate rises, Indian banks may witness a decrease in their profitability, according to S&P Global Market Intelligence. According to S&P Global Market Intelligence’s Tusharika Aggarwal, a dividend forecasting research analyst, “the profitability of banks in…
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A symbolic increase in the RBI rate would hurt the equities markets
According to Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers, the Reserve Bank of India (RBI) may be forced to consider at least a symbolic rate rise in order to anchor inflationary expectations given the magnitude of the increase in food prices and other upside risks to inflation. This is…
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Story about inflation: How have vegetable costs increased due to tomatoes?
The government’s revelation of statistics showing that the Consumer Price Index (CPI) inflation or retail inflation soared at 7.44% on the back of high vegetable costs, namely the tomato, shocked the nation. Inflation spiked to a 15-month high and was far higher than the RBI’s flexible tolerance range of 2-6%.
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The CPI Inflation Rate Increases To 7.44% In July Due To Soaring Vegetable Prices
Data on inflation from the Consumer Price Index (CPI) were published on August 14 and revealed that retail inflation reached 7.44 percent in July. For the first time since February 2023, retail inflation has exceeded the RBI’s tolerance zone of 2–6%. The CPI inflation rate for July, 7.44 percent, is also the highest since the…
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Union Bank of India launches an inquiry into the RCom loan and requests the firm’s response
According to a regulatory filing, the Union Bank of India has begun investigating a loan approved to Reliance Communications (RCom) from the perspective of fraudulent activity and has requested the company’s answer. After failing to pay off vendor dues and other creditors, the firm is now going through an insolvency resolution procedure.