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More time needed to weigh prospect of rate cut: Fed's Raphael Bostic

More time needed to weigh prospect of rate cut: Fed's Raphael Bostic My expectation is that the rate of inflation will continue to decline, but more slowly than the pace implied by where the markets signal monetary policy should be, he said

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Not planning harsher rules to curb fintech, says RBI's P Vasudevan

Not planning harsher rules to curb fintech, says RBI's P Vasudevan There are “no harsher measures coming on fintech,” P. Vasudevan, an executive director in charge of enforcement at the Reserve Bank of India, said on Friday

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Rupee appreciates 4 paise to 83.01 against US dollar in early trade

Rupee appreciates 4 paise to 83.01 against US dollar in early trade The rupee rose 4 paise to 83.01 against the US dollar in early trade on Friday, tracking positive cues from domestic equity markets. Forex traders said a strong American currency and elevated crude oil prices, however, weighed on the local unit. At the interbank foreign exchange, the domestic ...

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Young Indians take to SIP on financial literacy: WhiteOak MF official

Young Indians take to SIP on financial literacy: WhiteOak MF official Ease of transactions through the digital mode, rising disposable incomes and increased financial literacy are prompting young Indians to venture into mutual funds’ Systematic Investment Plan (SIP), a top official of WhiteOak Capital Mutual Fund said. WhiteOak Capital Mutual Fund, which has 3.33 lakh investors and manages assets worth ...

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NHAI removes Paytm Payments Bank from FASTag authorised service list

NHAI removes Paytm Payments Bank from FASTag authorised service list The National Highway Authority of India’s list contain a total of 30 payment banks, scheduled commercial and small finance banks, that are authorised for FASTag services

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Central banks of India, Nepal sign agreement to link UPI-NPI, says RBI

Central banks of India, Nepal sign agreement to link UPI-NPI, says RBI State-owned Central banks of India and Nepal on Thursday signed terms of reference for the integration of the Unified Payments Interface (UPI) and National Payments Interface (NPI). The Reserve Bank of India and Nepal Rastra Bank signed the terms of reference. The formal launch of the linkage or ...

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Bharat Bandh announced: Are banks closed on 16 Feb, Friday?

Bharat Bandh announced: Are banks closed on 16 Feb, Friday? [ad_1] Amid continuous farmer demonstrations calling for the enactment of laws about minimum support prices (MSPs) and other agricultural reforms, Samyukat Kisna and the Kisan Mazdoor Morcha have unitedly called for a Bharat Bandh on February 16, 2024, as per an Economic Times report. Many services could be impacted during ...

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