Monetary policy: RBI sees CPI inflation at 4.5% in FY25, warns of food price pressures
CPI inflation for Q1 is projected at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent, said RBI governor Shaktikanta Das.
CPI inflation for Q1 is projected at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent, said RBI governor Shaktikanta Das.
For the common people, the RBI is an institution which prints money and manages policy rates but there is a lot more that the central bank does. The RBI also knows how much onion farmers are producing in India. From cracking down on the top bankers in the country to setting up new subsidiaries, RBI has done a lot more. but going ahead, it will have to do a lot more as the world of finance is evolving rapidly. Here is my view on RBI and its operations, RBI's work culture and challenges ahead in the future.
With co-branded credit cards on the rise, there's still an air of doubt on what co-branded credit cards are, how the business is like for banks, how profitable the business is, what banks should do amidst the regulatory glare in the segment and more. Through a detailed FAQ and inputs from industry experts, ETBFSI gives you the nitty-gritties of the co-branded cards business. Here's everything you need to know:
The 16th Finance Commission chairman attributed India's progress to Prime Minister Narendra Modi's efforts in creating a conducive environment for businesses, leading to increased investments.
Over half of the respondent banks projected Gross NPAs to be in the range of 3-3.5 per cent over the next six months, with 14 per cent anticipating levels between 2.5-3 per cent.
Further, the committee has also appointed three Deputy Chairmen of the association. Further, Madhav Nair, Country Head and CEO, Bank of Bahrain and Kuwait, would be Honorary Secretary of the Association.
Delivering the keynote address at ETBFSI CIO Digital Conclave 2024, he said innovation should be able to achieve scale to make an impact.
Delivering the keynote address at ETBFSI CIO Digital Conclave 2024, he said innovation should be able to achieve scale to make an impact.
The minister said that in today’s India, all men and women coming out from colleges are not job seekers necessarily, many of them aim to be job creators. Minister Goyal was speaking at the curtain raiser for the ‘Startup Mahakumbh’ which is set to held from March 18 to 20, 2024 at Bharat Mandapam, New Delhi.
According to a recent report by Growthpal, there has been a marginal decline in mergers and acquisitions in the fintech space in 2023, with lending leading the acquisitions with about 30 per cent, followed by payments and wealthtech. Here's what the report revealed:
India's economic landscape in January 2024 showcased robust growth across various sectors. GST revenues surged to ₹1,72,129 crore, marking a 10.4% YoY increase, while inflation remained within RBI's tolerance range. Unemployment dropped to a 16-month low at 6.8%, and the HSBC India Manufacturing PMI signaled strong factory sector growth. Additionally, UPI transactions, merchandise exports, and foreign exchange reserves witnessed notable upticks.