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In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility
Here are the top headlines on Thursday morning
Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA
The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers
The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.
Economists expect 40-50 bps hike in repo rate by MPC next month
In a Q&A, the head of the fixed income vertical at the firm says the 10-year benchmark rising above 7% is normal and not a sign of instability
Basu further said India's big challenge is unemployment and joblessness as youth unemployment in India is over 24 per cent, which is among the highest in the world
The jump has been driven by the pickup in consumption as the pandemic recedes
The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months
Issues around on trade confirmation day, forex booking, pre-funding yet to be fully settled
The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.
The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June
Non-banking financial companies may have entered a comfort zone years after having been put through the wringer
Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy
Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion
To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy