Reserve Bank of India

Moderate inflation in India provides room to support growth: MPC minutes
Business & Finance

Moderate inflation in India provides room to support growth: MPC minutes

  • The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.
  • The near-term outlook for inflation appears less risky than the near-term challenges for growth which warrant continuing policy support, at least until the elusive engine of investment fires and consumption, the mainstay of aggregate demand in India, stabilizes.
Updated 22 Feb, 2021 10:04pm
India central bank proposes scale-based regulations for shadow banks
Business & Finance

India central bank proposes scale-based regulations for shadow banks

  • Higher risk appetite of NBFCs has contributed to their size, complexity and interconnectedness making some of the entities systemically significant.
  • The size of the balance sheet of shadow banks including housing finance companies has more than doubled to 49.22 trillion rupees in 2020 from 20.72 trillion rupees in 2015.
Published 22 Jan, 2021 04:22pm
India's current account surplus shrinks in latest quarter
World

India's current account surplus shrinks in latest quarter

  • The surplus stood at 2.4% of the gross domestic product in the latest quarter, compared with a deficit of $7.6 billion, or 1.1% of GDP.
  • The current account surplus remained robust in Q2 FY2021, despite the entirely expected moderation from the level recorded in the lockdown quarter.
Published 30 Dec, 2020 07:00pm
India's financial sector faces challenging times ahead: RBI
Business & Finance

India's financial sector faces challenging times ahead: RBI

  • The challenge is to rewind various relaxations in a timely manner, reining in loan impairment and adequate capital infusion for a healthy banking sector.
  • Given the uncertainty induced by COVID-19 and its real economic impact, the asset quality of the banking system may deteriorate sharply going forward.
Published 29 Dec, 2020 07:39pm
India to fold Lakshmi Vilas into local arm of Singapore's DBS
Business & Finance

India to fold Lakshmi Vilas into local arm of Singapore's DBS

  • India also said in a statement it had temporarily capped withdrawals from Lakshmi Vilas, which had been locked in protracted talks with Clix Capital.
  • Lakshmi Vilas has been looking for a buyer since last year and the RBI last year rejected a proposal for it to merge with shadow lender Indiabulls Housing Finance Ltd.
Published 17 Nov, 2020 07:53pm