RBI working with Centre to boost cooperative banks’ financial health, digital inclusion: Minister
New Delhi, Feb 10 (IANS) The government and the Reserve Bank of India (RBI) have taken various measures to strengthen cooperative banks’ financial health, governance and digital inclusion, along with enhancing deposit security, credit availability and prudent regulation, the Parliament was informed on Tuesday. The Central Bank, in consultation with the Centre, announced that loans […]
Banks raise more funds via CDs to step up credit operations
Mumbai, Nov 23 (IANS) Indian banks have significantly increased their borrowing through Certificates of Deposit (CDs), to nearly Rs 55,000 crore in the fortnight ended November 14, the highest since mid-September, according to Reserve Bank of India (RBI) data. This surge is driven by strong credit (loan) demand that continues to outpace deposit growth in […]
RBI likely to cut rates by 25 bps in Q4 CY25 as inflation stays benign
Mumbai, Sep 15(IANS) The Reserve Bank of India (RBI) expected to ease rates by 25 bps in Q4 CY25, owing to anticipated growth weakness from declining export orders and slower government spending, a report has said. Strong cereal production, well stocked granaries, lower oil prices and cheaper exports from China are likely to keep inflation […]
