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Mumbai: The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report. The decline in gold prices during…
New Delhi: Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council. This sustained buying trend reflects the growing preference for gold as a stable and secure asset amidst global economic uncertainties.India’s year-to-date purchased 73 tonnes…
Last Updated:January 03, 2025, 3:13 PM IST The Reserve Bank of India has rolled out a new rule requiring banks and financial institutions to update credit records every 15 days instead of once a month. With the latest RBI rules, a missed payment could affect your credit score sooner than before, potentially impacting your ability…
Mumbai: The Reserve Bank of India will sell government bonds worth Rs 4.73 lakh crore in the January-March quarter of 2025 to State Governments and Union territories. The weekly schedule of auctions to be held during the quarter along with the names of States/UTs who have confirmed participation, the RBI added in its notification. The…
Last Updated:December 31, 2024, 08:13 IST Garlic inflation remained particularly high, exceeding 80%, and several pulse varieties also saw inflation rates above 20%. RBI The Reserve Bank of India’s (RBI) Financial Stability Report warns that the increasing frequency of extreme weather events, such as heatwaves and unseasonal rains, continues to pose a significant risk to…
Mumbai: The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, and healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday. “The Indian economy is exhibiting steady growth, underpinned by solid macroeconomic fundamentals and strong domestic…
Instant Loan Apps Under Tax Scrutiny: I-T Notices Sent to 40 Fintech Firms Source link [ad_3]
Bank Holidays In January 2025 In India: As we are heading towards New Year, it’s crucial to stay informed about bank holidays in January 2025 to plan your financial and personal activities effectively. With approximately 15 holidays in the first month of the year, including the regular second and fourth Saturdays and Sundays which are…
New Delhi: The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted. The report said, “Bank credit growth in 2023-24 was broad-based, led…
New Delhi: The policy measures of US President-elect Donald Trump could pose challenges to the Reserve Bank of India’s (RBI) plans for monetary policy easing, stated a report by Standard Chartered Bank. The report noted that the uncertainty around Trump’s policies, combined with inflationary pressures, might affect the timing of interest rate cuts by the…