ReserveBankofIndia

Liquidity Concerns in India: Banking Sector Faces Six-Month High Deficit

6 days ago

In a significant development, the Indian banking sector is grappling with a notable liquidity deficit, which has surged to its highest level in the past six months. This situation arises amidst rising demand for funds and tighter monetary conditions, sparking concerns about the stability of the financial system.

India’s RBI Holds Interest Rates Steady Amid Weak Economic Growth

17 days ago

The Reserve Bank of India (RBI) has decided to maintain its key interest rate at 6.50%, a move that comes in the wake of ongoing concerns regarding the country's economic growth. This decision was made during a critical monetary policy meeting as the central bank continues to navigate a challenging economic landscape.

India’s Inflation Hits 14-Month Peak Driven by Soaring Food Prices

1 month ago

India’s inflation rate has surged to its highest level in over a year, reaching 6.8% in October 2023, primarily influenced by rising food prices. This spike marks an increase from 5.0% in September, raising concerns among economists and policymakers regarding the potential impact on consumer purchasing power and overall economic growth.

India's Central Bank Surprises Economists with Optimistic Growth Outlook

2 months ago

The Reserve Bank of India (RBI) has recently unveiled its forecast for economic growth in the country, presenting a surprisingly optimistic outlook that has left many financial experts scratching their heads. Despite global uncertainties and local challenges, the central bank predicts that India's economy will grow at a robust rate over the next year—a projection that contrasts sharply with various external assessments and individual forecasts.

MUFG-Backed Lender Faces Loan Ban in India Amid Regulatory Scrutiny

2 months ago

In a significant regulatory move, Indian authorities have placed restrictions on several international lending institutions, including a prominent lender backed by the Mitsubishi UFJ Financial Group (MUFG). This decision comes in response to concerns regarding compliance with local regulations and financial practices.