[Tree] NPCI extends UPI One World wallet feature to inbound international travellers, foreign currency accounts in GIFT City, Indian banks increase IT spending, SBI hiring strategy in FY25, and payments innovation in student mobility
Version 0.44 (2024-07-24 01:58:05.420000)
updates: Updates on payments innovation in student mobility
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.43 (2024-07-22 14:03:06.379000)
updates: NPCI extends 'UPI One World' wallet feature to all inbound international travellers
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.42 (2024-07-11 07:01:01.957000)
updates: India widens use of foreign currency accounts in GIFT City, boosting banking and financial services
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.41 (2024-06-19 13:55:19.416000)
updates: The new information highlights the call by the Chairman of ICT to enable direct foreign currency transactions in India through the RBI, the increasing IT spending by Indian banks to address technology-related concerns, and the hiring strategy of SBI for FY25.
- ➔
- ➔
- ➔
- ➔
Version 0.4 (2024-06-19 11:56:40.331000)
updates: ICT Chairman urges RBI to allow direct foreign currency transactions in India
- ➔
- ➔
- ➔
Version 0.38 (2024-05-08 08:55:30.043000)
updates: Increased IT spending by Indian banks to address regulatory concerns
- ➔
Version 0.37 (2024-05-04 13:53:16.568000)
updates: Regulatory order impacts Kotak Mahindra Bank's franchise and reputation
- ➔
Version 0.36 (2024-04-03 23:23:31.665000)
updates: Author's requests for the RBI on its 90th birthday
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.35 (2024-04-01 08:25:58.682000)
updates: RBI Governor Shaktikanta Das reflects on the central bank's evolution and its role in the Indian economy
- ➔
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.34 (2024-04-01 07:20:29.625000)
updates: Finance Minister Sitharaman lauds RBI's institutional integrity and efforts for financial stability
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.33 (2024-04-01 06:23:50.119000)
updates: PM Modi highlights government efforts to revive PSU banks in RBI ceremony
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.32 (2024-04-01 06:23:00.673000)
updates: PM Modi's speech at RBI's 90th anniversary ceremony
- ➔
- ➔
- ➔
- ➔
Version 0.31 (2024-04-01 02:22:29.342000)
updates: The Reserve Bank of India is expected to maintain the status quo on interest rates in its upcoming policy meeting. Experts predict that the RBI will focus on bringing down inflation and consider global cues and the stance of major economies like the US and UK. The GDP growth in FY24 has been better than expected, but the central bank will continue to target inflation. The repo rate is expected to remain unchanged at 6.5% for the seventh consecutive time, and the stance of withdrawal of accommodation is likely to continue due to inflation staying above the RBI's comfort zone of 4%. Around 50% of economists expect rate cuts from the third quarter of the current fiscal year, while 25% expect rate cuts from the second quarter. The earliest rate cut is expected in the October 2024 meeting, unless there is a negative surprise in growth in the intervening quarters. [29429178]
- ➔
- ➔
- ➔
- ➔
Version 0.3 (2024-04-01 00:19:30.097000)
updates: Experts predict RBI to maintain status quo on interest rates, rate cuts expected in Q3
- ➔
- ➔
- ➔
Version 0.29 (2024-03-31 13:20:13.812000)
updates: Experts predict that the Reserve Bank of India (RBI) will keep the key interest rate unchanged in April and focus on bringing down inflation. The RBI's rate-setting panel, the Monetary Policy Committee (MPC), may take cues from the central banks of major economies like the US and UK, which are in wait-and-watch mode on interest rate cuts. The meeting of the MPC, headed by RBI Governor Shaktikanta Das, is scheduled for April 3-5, with the decision to be announced on April 5. The RBI last hiked the repo rate to 6.5% in February 2023 and has held it at the same level in its last six bi-monthly policies. Inflation is still around 5%, and there is a possibility of future shocks on the food inflation front, so the MPC is expected to maintain the status quo on rates and stance. The GDP forecast may be revised, and the central bank will continue focusing on targeting inflation. The earliest rate cut is likely in the October 2024 meeting unless there is a negative surprise in growth. The MPC will deliberate on issues such as strong GDP growth, moderating core inflation, global increase in crude prices, increased logistics costs, and geopolitical conflicts. Some members of the MPC may vote for a rate cut, but they will not be in the majority. The real estate sector hopes for a reduction in the repo rate to stimulate growth in the affordable housing segment. Moody's also expects the RBI to keep rates on hold in the coming months due to strong growth and firm inflation. The government has mandated the RBI to ensure that CPI-based inflation remains at 4% with a margin of 2% on either side.
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.28 (2024-03-31 11:19:57.177000)
updates: RBI expected to maintain interest rates, focus on inflation management
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.27 (2024-03-31 10:23:09.274000)
updates: The RBI is expected to maintain interest rates to focus on inflation management. The MPC meeting is scheduled for April 3-5, and experts predict that the repo rate will remain unchanged. The RBI has raised its growth projection for the fiscal year ending in March to 7%. The central bank is concerned about the skewness of liquidity distribution in the banking system. The RBI aims to build on the strong fundamentals of the Indian economy for sustained growth. The central bank expresses concerns about rising food prices and highlights the risks of higher food costs in the coming months. The RBI is not ready to signal any easing yet, as India's economy is growing faster than any other major nation. The RBI will lay down guidelines for web aggregators of loan products to bring more transparency in digital lending. Central banks in Indonesia and the Philippines have also decided to maintain their benchmark interest rates. The RBI's interest rate decision, macroeconomic data, and global trends will drive investors' sentiment. The market outlook will be guided by major global and domestic economic data. The RBI's MPC is expected to maintain the status quo on the rate and stance. The key issues for deliberation in the MPC meeting include strong GDP growth, moderating core inflation, global increase in crude prices, increased logistics costs, and geopolitical conflicts. The government has mandated the RBI to ensure that consumer price index-based inflation remains at 4% with a margin of 2% on either side.
- ➔
- ➔
- ➔
- ➔
Version 0.26 (2024-03-31 10:18:57.998000)
updates: RBI expected to maintain interest rates to focus on inflation management
- ➔
- ➔
- ➔
Version 0.25 (2024-03-31 09:20:08.682000)
updates: The article provides an update on the upcoming RBI monetary policy meeting and the expectation of keeping the interest rates unchanged. It also mentions the recent decision of the RBI's Monetary Policy Committee to maintain the repo rate at 6.5%. Additionally, it highlights the concerns of rising food prices and the RBI's focus on inflation. The article also mentions the decisions of central banks in Indonesia and the Philippines to maintain their benchmark interest rates. Lastly, it discusses the factors that will influence market trends, including global trends and macroeconomic data [333db054].
- ➔
- ➔
Version 0.24 (2024-03-31 09:18:11.913000)
updates: RBI expected to hold interest rates steady to manage inflation
- ➔
Version 0.23 (2024-03-31 08:19:37.209000)
updates: The article provides an overview of the upcoming RBI monetary policy meeting and its expected decision on interest rates. It also highlights the influence of global factors on market trends. The article mentions the growth of India's economy, the concern about inflation, and the possibility of rate cuts in the future. It also includes analysts' opinions on the RBI's policy stance and the expectations for the GDP forecast. The article emphasizes the RBI's focus on inflation and financial stability risk and its aim to build on the strong fundamentals of the Indian economy. The article also mentions the decisions of other central banks in Indonesia and the Philippines to maintain their benchmark interest rates.
- ➔
Version 0.22 (2024-03-29 16:19:43.836000)
updates: The Reserve Bank of India is expected to maintain the repo rate in the upcoming policy meeting. India's economy grew 8.4% in the October-December quarter of FY24. Inflation remains near the upper threshold of the RBI's target range. The RBI has raised its forecast for economic growth in the current financial year to 7.0%. The RBI Governor expresses concerns about rising food prices. Central banks in Indonesia and the Philippines have also decided to maintain their benchmark interest rates.
- ➔
- ➔
Version 0.21 (2024-03-29 11:21:36.860000)
updates: Experts anticipate RBI to keep interest rates unchanged in upcoming meeting
- ➔
Version 0.2 (2024-03-27 04:22:09.911000)
updates: Updated information on RBI's expected stance on interest rates
- ➔
- ➔
- ➔
- ➔
- ➔
Version 0.19 (2024-03-26 02:20:51.234000)
updates: Economists expect RBI to hold rates steady until July
- ➔
- ➔
- ➔
- ➔
Version 0.18 (2024-03-26 00:21:40.931000)
updates: Services inflation expected to remain subdued, with a potential increase later
- ➔
- ➔
- ➔
- ➔
Version 0.17 (2024-03-13 04:20:08.174000)
updates: India's retail inflation eases to four-month low, economists expect RBI to consider rate cuts in the second half of 2024
- ➔
- ➔
- ➔
Version 0.16 (2024-02-08 03:14:19.185000)
updates: RBI keeps repo rate unchanged, raises growth forecast, expresses concerns about food prices
- ➔
- ➔
- ➔
Version 0.15 (2024-02-07 09:14:50.311000)
updates: RBI keeps repo rate unchanged for sixth consecutive time
- ➔
- ➔
Version 0.14 (2024-02-07 08:14:05.158000)
updates: RBI expected to keep interest rates unchanged in February
- ➔
- ➔
Version 0.13 (2024-02-05 03:17:45.297000)
updates: The RBI is expected to pause the repo rate in the February policy meeting
- ➔
- ➔
Version 0.12 (2023-12-08 10:19:55.048000)
updates: Repo rate unchanged, GDP growth forecast raised to 7%
- ➔
Version 0.11 (2023-12-08 08:33:28.725000)
updates: Repo rate unchanged, GDP growth forecast raised
- ➔
- ➔
- ➔
Version 0.1 (2023-12-08 07:47:31.030000)
updates: Reserve Bank of India holds key interest rate steady
- ➔
- ➔
Version 0.09 (2023-12-07 02:45:12.007000)
updates: The Reserve Bank of India is expected to maintain status quo on key rates in its upcoming Monetary Policy Committee (MPC) meeting. This will be the fifth consecutive pause by the RBI. The decision is influenced by factors such as softening crude prices, weakening Indian rupee, and easing long-term US yields. The RBI is playing defensively to protect the Indian economy amidst these challenges.
- ➔
Version 0.08 (2023-12-07 01:49:40.066000)
updates: The Reserve Bank of India is expected to maintain the key repo rate at 6.5% amid strong GDP growth and above-target inflation.
- ➔
Version 0.07 (2023-12-05 06:57:37.102000)
updates: Information about the upcoming RBI Monetary Policy Committee meeting and expectations for interest rate changes
- ➔
- ➔
Version 0.06 (2023-12-03 11:49:40.433000)
updates: Reserve Bank of India expected to retain 6.5% interest rate
- ➔
Version 0.05 (2023-12-03 10:43:46.294000)
updates: Reserve Bank of India to maintain status quo on policy, raise GDP forecast
- ➔
Version 0.04 (2023-12-01 20:51:55.144000)
updates: Incorporated economists' poll on RBI's repo rate cuts after Lok Sabha Elections
- ➔
Version 0.03 (2023-11-22 08:01:48.086000)
updates: India tightens regulations on risky consumer lending
- ➔