The RBI has updated FEMA regulations, enabling cross-border rupee transactions and empowering exporters with foreign currency accounts to promote INR's global acceptance.
Raghuram Rajan downplays concerns over the rupee's depreciation, attributing it to global dollar strength.
Indian travelers can now use UPI for seamless transactions at Dubai Duty Free outlets, enhancing shopping convenience.
Small Finance Banks in India face declining profitability due to rising funding and credit costs, with RoA projected at 1.4-1.6% for FY25.
In anticipation of the Union Budget 2025, the Confederation of Indian Industry (CII) has proposed a comprehensive 10-point plan aimed at improving the ease of doing business and fostering economic growth. These recommendations emphasize policy reforms, infrastructure development, and taxation simplifications to create a more conducive environment for businesses. Key
The Ministry of Finance is exploring a proposal to implement geotagging for all banking correspondents (BCs) across the country. This initiative aims to enhance the efficiency of financial inclusion efforts, ensuring better access to banking services in underserved areas. Enhancing Financial Inclusion Geotagging involves attaching geographical information to the locations
Bank of India is pursuing its first dollar-denominated syndicated loan in over a decade, aiming to raise $400 million to enhance its lending capabilities.
Economic experts are calling on the Reserve Bank of India (RBI) to implement a 0.25% rate cut in its upcoming February policy review to bolster economic growth and minimize potential sacrifices in India’s recovery momentum. Growth Risks from Delayed Rate Cuts India’s economy has shown resilience amidst global uncertainties, but experts caution that delaying a […]
The Indian equity market is witnessing a significant downturn, with losses mounting to $556 billion amidst growing concerns over inflation and economic growth. This steep decline in market capitalization has raised alarm bells among investors, as key indices continue to struggle under global and domestic pressures. Economic Growth and Inflation Concerns The rout in the
India’s retail inflation eased to 5.22% in December, hitting a four-month low and remaining within the Reserve Bank of India’s (RBI) comfort zone of 2-6%. This decline is attributed to falling food prices and improved supply chains, offering relief to policymakers and consumers alike. Food Prices Drive Inflation Decline The primary factor behind the dip […]
