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BusinessToday.In
June 24, 2021
Banks shall provide an option to the borrower to repay a part of the GML in physical gold in lots of one kg or more, noted the RBI circular issued on Wednesday


Avneet Kaur
New Delhi, June 24, 2021
Centre, RBI and the judiciary blow hot and cold on legality of crypto-currencies, leaving investors and 340 trading platforms in a fix


Anand Adhikari
New Delhi, June 23, 2021
In the past two years, the monetary policy has done most of the heavy lifting by keeping surplus liquidity in the system and low-interest rates to support the growth. It is now time for the fiscal policy to take the burden off from the RBI as the central bank has to address the inflation issue and plan an exit from the easy monetary policy. What more can be done on the fiscal side as the Union budget clearly lays down the fiscal measures for 2021-22? There are also fiscal constraints. The government has set a new 5-year fiscal consolidation path to 4.5 per cent fiscal deficit of GDP by 2025-26. The public debt to GDP which includes both center and state govt debt is 90 per cent of the GDP. The additional fiscal stimulus, if any, has to be very focused because of the resource constraints. First, the govt should do whatever it takes -- to vaccinate all and also faster. There is a big demand to increase the direct income support for the poor, which are the hardest hit by local lockdowns. The government guarantee to banks is another area where the banking system could be used to provide funds to sectors worst affected by the lockdowns. Clearly, the burden of supporting the economic recovery is gradually shifting to fiscal policy as the monetary policy globally is taking a reversal with central banks preparing for hiking rates and withdrawing the surplus liquidity. Also Read: Moody's slashes India 2021 growth forecast to 9.6% from 13.9%


PTI
June 22, 2021
HDFC Bank has been facing flak for repeated tech outages in the last couple of years and has also been barred by the Reserve Bank from selling any new credit cards or launching new digital products


PTI
June 22, 2021
IIFCL Managing Director PR Jaishankar said the company is comfortable with a capital adequacy ratio of 31 per cent and would not require capital infusion from the government to fund business growth this fiscal


BusinessToday.In
June 21, 2021
It has gained 279.5 per cent in the last one year and risen 213 per cent since the beginning of this year


BusinessToday.In
June 19, 2021
India's foreign exchange reserves have reached an all-time high of $608.081 billion, according to data released by the Reserve Bank of India (RBI) on Friday, June 18


BusinessToday.In
June 18, 2021
Mohan says there is a mismatch between the performance of the real sector and financial markets. RBI this month revised its real GDP projection from 10.5 per cent to 9.5 per cent in 2021-22 amid second Covid-19 wave


BusinessToday.In
June 17, 2021
CPI inflation increased to 6.30 per cent on yearly basis in May '21 as compared to 4.23 per cent in Apr'21. This 200 bps increase on yearly terms and 100 bps increase in monthly terms is \"a matter of concern\", said SBI


Rashi Bisaria
New Delhi, June 17, 2021
COVID-19: Is there a 'Moscow strain'? Sputnik V vaccine maker believes soThere may be a new mutant of coronavirus in Russia's capital Moscow, so-called \"Moscow strain\", which may be behind the recent spike in cases in the city. The Gamaleya National Center of Epidemiology and Microbiology, which developed COVID-19 vaccine Sputnik V, is studying the effectiveness of the jab against the new strain, as per Russian state-owned news agency RIA Novosti.Microsoft CEO Satya Nadella named as chair...


Anand Adhikari
June 16, 2021
Dangi had taken long futures bet in shares of real estate Ackruti City, where stock jumped from Rs 250 to Rs 2,300 in 52 trading days during 2009. Sudden rise in share price trapped some of high-profile foreign institutional investors. Sebi later banned futures trading in Ackruti shares


BusinessToday.In
June 15, 2021
\"Please note the issues around mobile banking app is now resolved. Customers can now use NetBanking and mobile banking app for transactions,\" the bank said in a tweet.


BusinessToday.In
June 13, 2021
State Bank of India (SBI) has cited maintenance activities as the reason behind the temporary shutdown of its digital financier services


PTI
June 13, 2021
In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by issuing Basel III bonds


PTI
June 11, 2021
The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI)


PTI
June 11, 2021
In February this year, the RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) and urban co-operative banks by March 31, 2022


BusinessToday.In
June 11, 2021
Stocks to watch out for: Reliance Industries, Wipro, YES Bank, Gayatri Projects, Bank of India, PowerGrid Corporation and more


BusinessToday.In
June 10, 2021
The former RBI Governor said that when people say the central bank should print money to finance the government's deficit they don't realise that it is doing so even now but indirectly


Anand Adhikari
June 9, 2021
Though the accounts aggregator business in the market is at a very nascent stage, there is a huge potential as an asset-light financial infrastructure business


BusinessToday.In
June 8, 2021
A World Bank report said although forecast has been revised up by 2.9 percentage points, this masks significant expected economic damage from an enormous second COVID-19 wave and localised mobility curbs since March


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