Speculations Arise on Repo Rate Cut with Upcoming MPC Meet
All eyes are on the Reserve Bank of India’s upcoming Monetary Policy Committee (MPC) meeting from October 7, 2024 to October 9, 2024, as the country’s banking regulator is set…
RBI issues a Halt to Paytm Payments Bank
The Reserve Bank of India has mandated Paytm Payments Bank to halt its business. Post 29th February 2024, no transactions will be allowed or facilitated through Paytm Payments Bank's products.…
October 7 decided as the last date to exchange INR 2000 notes
2000 rupee note withdrawn as per the ‘Clean Note Policy’. The highest denomination note after serving its purpose post-demonitisation will still remain as a legal tender
Credit Card usage grows, while Incomes stagnate
According to the Reserve Bank of India (RBI), credit card usage has grown to an all-time high in India. This record-high spending of borrowed money has led to speculations of…
Fitch Maintains India’s FY24 Growth Prediction at 6.3%, Highlights Concerns About Inflation
Fitch Ratings has maintained its growth forecast for India's current fiscal year at 6.3 percent, citing the nation's remarkable economic resilience, despite the imposition of tighter monetary policies and a…
Stagflation rests low while prices rise in India
According to a bulletin from the Reserve Bank of India (RBI) on Aug. 17, despite a significant surge in prices, the risk of stagflation—a situation characterised by sluggish growth and…
Have Unclaimed FD? RBI Launches UDGAM Portal to Track Them
The RBI has launched ‘UDGAM’, a website allowing users to search for unclaimed bank deposits.
RBI to Start Public Tech Platform: Aims to Launch Pilot for Frictionless Credit
The Reserve Bank of India (RBI) announced plans to begin an initiative called The Public Tech Platform for Frictionless Credit on August 10, 2023, under the monitoring of the Statement…
RBI keeps repo rate unchanged at 6.5 percent: effects on you and the economy
The Reserve Bank of India (RBI) recently had the Monetary Policy Committee (MPC) meet, in which they decided to keep the main interest rate, called the repo rate, at 6.5%.…