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Economy close to achieving escape velocity as effects of Covid-19 second wave wane: RBI
The economic recovery from the ravages of the Covid-19 pandemic has been fuelled by improvement on the supply side and industrial activities.
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Household debt increased by 1.5 times between 2012-2018: SBI Report
The state-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018
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Depositors of PMC Bank expected to get back up to Rs 5 lakh
Assessment of claims at other distressed banks is also being carried out
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What propels a surprise rally in Indian bond market
Indian bond market saw an inflow of only $450 in the first seven months of the year
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RBI discusses a host of issues with small finance banks
The stress build-up due to Covid-19 and the mitigation measures for continued resilience of books of SFBs also formed part of the discussion
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RBI pitches for continued policy support to revive growth
Reserve Bank governor Shaktikanta Das underlined the need for closely monitoring the price situation with a view to anchoring inflation expectations
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Forex reserves decline $2.10 billion to $619.365 billion
The forex kitty had increased by $889 million to a lifetime high of $621.464 billion in the previous reporting week
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India’s currency circulation growth dips to 10%: RBI report
The currency in circulation in India has already reached a large level of Rs 29.6 trillion and any increase from that level will be nominal.
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PMC Bank Scam: Depositors await clarity on withdrawals even after 2 years
Around 1 lakh depositors of PMC bank are expected to get the benefit from the amendment to the DICGC Act.
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RBI's data clause: Payment gateways seek exemption
Authorised card operators will be allowed to store credit and debit card details but they won't be able to use the same for auto-checkout.
