Finance News

MPC's Jayanth R Varma envisions lower inflation, higher growth in 2024 The Indian economy has withstood all geopolitical shocks in the last couple of years and it will also be able to navigate the uncertainties that lie ahead, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 ...

'Don't think world can afford cryptomania', says RBI Guv Shaktikanta Das ‘I don’t think the world or emerging markets can take a cryptomania like the Tulipmania, said the RBI Governor at Mint’s BFSI Summit

Cybersecurity threat to banking system a major challenge: RBI Governor Regulator has dedicated team to check IT systems of banks and NBFCs, says Shaktikanta Das

RBI imposes Rs 2.49 crore penalty on 3 banks including Punjab & Sind The Reserve Bank on Friday said it has imposed penalties totalling Rs 2.49 crore on three banks, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms. A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions ...

India's financial conditions improved significantly in Dec: CareEdge External factors like geopolitical tensions and energy prices must be monitored, says rating agency

Fund review: HDFC ELSS tax saver fund Fund review: HDFC ELSS tax saver fund

Indian crypto firms welcome US SEC approval for bitcoin ETF, draw hope US regulator’s decision will create ‘new era’ of crypto asset adoption, they say

UPI best payments system, RBI not averse to having rival of NPCI: Das Reserve Bank Governor Shaktikanta Das on Thursday dismissed criticism from certain quarters that after the huge success of UPI, its creator NPCI has become a monopoly and asserted that there is more room for the payment app to grow and it can become the world leader in ...

India's outward FDI nosedives to $2.25 billion in December: RBI data Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

RBI asks CROs of banks to take pre-emptive measures to mitigate risks The Reserve Bank of India has asked chief compliance officers and Chief Risk Officers (CROs) to be proactive and take pre-emptive measures to mitigate risks. Addressing a conference of heads of assurance functions (i.e., chief compliance officers, CROs and heads of internal audit) of all Scheduled Commercial Banks ...