[ad_1] Life insurance giant LIC has requested the Reserve Bank to introduce long-term government bonds, including 100-year paper as well, a top official said on Tuesday. Siddhartha Mohanty, Managing Director and Chief Executive of LIC, said the insurer sells whole life policies, which need investments in long-term bonds. The RBI has been giving permission to […]
India’s outward FDI surges 51% MoM in December to $4.26 billion: RBI data – CNBC TV18
[ad_1] India’s outward foreign direct investment (OFDI) commitments surged to $4.26 billion in December 2024, driven by strong growth in equity investments and guarantee issuances. Company Value Change %Change This marks a 51% increase from $2.82 billion in November 2024 and a 64.5% rise compared to $2.59 billion in December 2023, according to data from […]
RBI MPC Minutes: Economic slowdown warrants rate cut, argue two members – CNBC TV18
[ad_1] Two members of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), Nagesh Kumar and Ram Singh, called for a 25 basis point reduction in the repo rate to 6.25%, citing concerns over India’s slowing economic growth and softening inflation, the December MPC minutes showed. Company Value Change %Change The call comes as […]
Kotak Mahindra Bank in close touch with RBI, says CEO Vaswani on IT fixes – CNBC TV18
[ad_1] Kotak Mahindra Bank is actively working to resolve the digital infrastructure shortcomings identified by the Reserve Bank of India (RBI), according to Managing Director and CEO Ashok Vaswani. In an exclusive interview, Vaswani revealed that the bank has been closely collaborating with the regulator, with frequent updates on their progress. “We’ve been in continuous […]
Growth vs inflation debate intensifies as RBI MPC members voice concerns – CNBC TV18
[ad_1] In a panel discussion on CNBC TV18, the minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting held on August 8 were dissected, revealing notable differences in opinions among its members regarding the current monetary policy stance. External members Dr Ashima Goyal, a professor at the Indira Gandhi Institute of […]
RBI MPC Minutes: Outgoing external members urge caution, push for rate cut – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting held from August 6 to 8, 2024, revealing significant concerns raised by external members Ashima Goyal and Jayanth R. Varma. As this was their final meeting before their terms end in October, Goyal and Varma strongly advocated for […]
RBI updates e-mandate framework to include auto-replenishment for FASTag and NCMC – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has announced a significant update to its e-mandate framework, expanding its scope to include the auto-replenishment of balances for FASTag and the National Common Mobility Card (NCMC). This move is aimed at streamlining recurring transactions that lack fixed periodicity. In its latest circular on Thursday, the RBI clarified […]