RBI
September Poised to Be Busiest Month for IPOs in 14 Years, According to RBI
This has been revealing in the primary equity market, particularly in the initial public offerings by small and medium enterprises, with massive oversubscriptions going all the way to mutual funds.
India's Forex Reserves Rise by $2.3 Billion to Record High of $683.9 Billion
In the week ended August 23, the country's forex reserves jumped $7.023 billion to touch a new high of $681.68 billion.
Moody’s Raises India's GDP Growth Projection to 7.2% for 2024
The rating agency said household spending would increase as inflation approaches the target of the Reserve Bank of India. Better farming output because of above-average rainfall in the current monsoon season is driving early signs of pick-up in rural demand. "This projection is supported by solid, all-inclusive growth", said Moody's in a statement, adding that further upward revision to their forecast will be done if private consumption grows further.
RBI Governor Das Prioritizes Global Expansion of UPI and RuPay
Das pointed out that Bhutan, Nepal, Sri Lanka, Singapore, the UAE, Mauritius, Namibia, Peru, France and many others have made enough progress. He congratulated the NPCI and his colleagues in the Reserve Bank for what they have been able to achieve so far, but underlined that much more needs to be done in this national project.
India Proposes UPI as a Universal Solution for Accelerating Cross-Border Payments
At the RBI@90 Global Conference on 'Digital Public Infrastructure and Emerging Technologies', Das spoke of the challenge for harmonization of payment systems globally. In light of that, he said countries may wish to develop their respective systems based on local needs. He further mooted a plug-and-play system which could be easily replicated while respecting national sovereignty.
RBI Set to Roll Out ULI System Nationwide to Accelerate Lending for MSMEs and Agriculture
Speaking at a global conference, Das said after a successful pilot study, the system would soon be operationalized across the nation.
RBI constantly working on devising policies to make financial sector stronger, nimble, says Shaktikanta Das
In a keynote address at the Global Conference on Digital Public Infrastructure and Emerging Technologies, which is part of the RBI@90 initiative, Das said that DPI and emerging technologies would determine the future journey of almost all economies of the world.
RBI Governor Urges Banks to Address Disparity Between Credit and Deposit Growth
He further advised banks to 'keep a hawk's eye' on this issue and warned that though there is no immediate problem, it could evolve into a structural liquidity issue if not addressed. He drew attention to the tracking of changes in the investment preference of young aspirational Indians shifting out of traditional deposits to other investment options—a trend that while manageable now could prove to be a problem in terms of future liquidity.
RBI Chief: Rate Cut Depends on Sustained Inflation Alignment to 4% Target
“Any reduction in the policy rate will also be influenced by future data, with inflation being the predominant factor,” Das told NDTV Editor-in-Chief Sanjay Pugalia.
RBI Governor Urges Banks to Address Discrepancy Between Credit and Deposit Growth
Banks, in his opinion, should be sensitive to the changing investment habits of the young, aspiring Indians. While the trend away from traditional deposits into alternative instruments is not immediately threatening, it could lead to future structural liquidity problems. In this context, innovation in deposit products and leveraging the extensive branch network would become imperative for the banks to remain competitive.
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