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Household consumption to surge in Q2 as inflation eases, rural demand revives

Rural areas are witnessing a revival in demand, with increased purchases of fast-moving consumer go…

ANI   


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Rural demand, government spending to drive growth in the second half of FY25

Rural demand and government spending will be key drivers of India's economic growth in the second h…

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2 mins read

Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura

Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…

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1 min read

Union Finance Minister Nirmala Sitharaman reviews performance of RRBs in North East

Union Finance Minister Nirmala Sitharaman chaired a meeting to review the performance of 7 Regional…

ANI   


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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

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7 mins read

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…

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3 mins read

Indian economy relatively slowed in Q1-FY25, here's what experts have to say

The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…

ANI   


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After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…

ANI   


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3 mins read

RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets

The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…

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India accounts for nearly half of the global digital payments, highlights RBI report

India holds 48.5% share in the global real-time payments volume, according to the Reserve Bank of I…

ANI   


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India's digital public infrastructure is transforming country's economic landscape, notes RBI

Built on principles of public good, open access, and regulatory fairness, India Stack has become a …

ANI   


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3 mins read

CPI inflation drops to lowest in five years but road ahead could be bumpy: SBI Report

India's CPI inflation dropped to 3.54% in July 2024, the lowest in nearly five years, due to a sign…

ANI   


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4 mins read

RBI MPC Meet: Repo rates unchanged at 6.5%, inflation moderating, albeit slowly

​MPC decided, by a majority of 4:2 members, that the repo rate will be left unchanged at 6.5%. Thi…

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Monsoon projections to ensure India's GDP growth forecast remains at 7% for FY'25: Asian Development Bank

The Asian Development Bank (ADB) on Wednesday maintained India's GDP growth forecast at 7 per cent …

PTI   


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1 min read

RBI authorises Bandhan Bank to disburse pension to retired railway employees

Private lender Bandhan Bank on Wednesday said it has been authorised by the Reserve Bank of India (…

PTI   


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Unemployment rate of tribals declines to 1.8% in 2022-23 from 5.3% in 2017-18

The unemployment rate among the tribal communities has seen a noticeable decline, as it stood at 1.…

ANI   


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2 mins read

As PMAY receives a massive boost in Budget 2024, how can you sign up for the affordable housing scheme?

The Union Budget 2024 significantly increased funds for PMAY, targeting affordable housing for econ…

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3 mins read

Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

PTI   


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Need to increase per capita income to make India 3rd largest economy: Bandhan Bank MD

Bandhan Bank managing director Chandra Shekhar Ghosh on Tuesday said there is a need to increase pe…

PTI   


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4 mins read

Inflation spikes in June 2024 due to high food prices; Likely to affect RBI’s decision on interest rate

Indian retail inflation rises to 5.08% in June, driven by a spike in food prices. Food price inflat…