NRI Bank Deposits Surge 42.8% To $13.33 Billion In April-December 2024
RBI data shows NRI bank deposits surged 42.8% to $13.33 billion between April and December 2024, up from $9.33 billion in 2023.
RBI Restrictions On New India Co-operative Bank Spark Customer Panic
RBI imposes restrictions on New India Co-operative Bank in Mumbai, leaving account holders unable to access their deposits.
RBI’s Digital Payments Index (DPI) Rises To 465.33 In September 2024
The Reserve Bank of India (RBI) announced that its Digital Payments Index (DPI) rose to 465.33 as of September 2024, up from 445.5 in March 2024.
Indian Stock Market Ends Flat After RBI MPC Decisions
On Friday, the Indian stock market closed flat following the RBI's Monetary Policy Committee (MPC) decisions on the repo and CRR rates.
RBI Maintains Repo Rate at 6.5%; Projects Economic Growth For FY25
The RBI has opted to keep the repo rate steady at 6.5% for the 11th straight time, reinforcing its neutral monetary policy stance.
Moody’s Forecasts 7.2% GDP Growth For India In 2024; Cautions On Inflation Risks
Moody’s has forecasted a strong 7.2% GDP growth for India in 2024, driven by favorable economic conditions and solid growth prospects.
US Fed’s Rate Cut Sparks Optimism For Emerging Markets; Analysts Say India Could Benefit
The US Federal Reserve’s second 25-basis-point rate cut to 4.75% boosts optimism in emerging markets, including India.
Surge In Gold Holdings As RBI Reports Increase In Foreign Exchange Reserves
Amid rising geopolitical tensions and gold prices, the RBI reported its gold reserves increased to 854.73 metric tonnes as of 30 September.
Indian Economy On Firm Footing With Declining Inflation Trends: Shaktikanta Das
The RBI expressed confidence in the country’s economic stability, with Shaktikanta Das stressing a proactive approach to global challenges.
RBI Imposes Restrictions On Four NBFCs Over Regulatory Violations
The RBI has imposed strict regulatory actions on four NBFCs - Asirvad, Arohan, DMI, and Navi - over major supervisory concerns.
