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Business - Page 669

RBI to allow SFBs to extend credit lines through UPI

6 Dec 2024 11:30 PM IST
Mumbai: The RBI on Friday proposed to allow small finance banks (SFBs) to extend pre-sanctioned credit lines through UPI. UPI is an instant real-time...

PM-KISAN: Govt disburses `20,657 cr to 9.58 cr farmers in 18th installment

6 Dec 2024 11:29 PM IST
New Delhi: The government has disbursed Rs 20,657 crore to over 9.58 crore farmers in the latest 18th installment under the PM-KISAN scheme. In a...

Reserve Bank cuts CRR by 50 basis points to 4%

6 Dec 2024 11:27 PM IST
Mumbai: To ease the potential liquidity stress, the RBI on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would...

RBI hikes collateral-free agri loan limit to `2 lakh per borrower

6 Dec 2024 11:27 PM IST
Mumbai: The Reserve Bank on Friday enhanced the collateral-free agriculture loans limit to Rs 2 lakh per borrower from the existing Rs 1.6 lakh in...

RBI hikes FY25 inflation estimate to 4.8%

6 Dec 2024 11:27 PM IST
Mumbai: The RBI on Friday raised the inflation projection for current fiscal to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying...

‘No plans to de-dollarise trade and focus only on derisking it’

6 Dec 2024 11:26 PM IST
Mumbai: RBI Governor Shaktikanta Das on Friday said India does not have any plans to ‘de-dollarise’ its trade and is only looking at derisking it by...

Growth in H2 to be better than H1 FY25: RBI Guv

6 Dec 2024 11:26 PM IST
Mumbai: RBI Governor Shaktikanta Das on Friday exuded confidence that growth in the second half of the fiscal year would be much better than the...

Markets snap 5-day winning run as Reserve Bank cuts growth forecast for current fiscal

6 Dec 2024 11:26 PM IST
Mumbai: Snapping the five-day winning run, benchmark Sensex dropped by 56 points in a highly volatile trade on Friday after the Reserve Bank cut the...

India’s forex reserves jump $1.51 bn to $658.091 bn

6 Dec 2024 11:25 PM IST
Mumbai: India’s forex reserves increased by $1.51 billion to $658.091 billion for the week ended November 29, the RBI said on Friday. The overall...

Alok Kumar Sharma assumes charge as ED (NR-I) of POWERGRID

6 Dec 2024 11:25 PM IST
Faridabad: Alok Kumar Sharma has assumed the charge of Executive Director Northern Region Transmis-sion System – I of Power Grid Corporation of India...

Reserve Bank hikes rate caps on diaspora’s foreign currency deposits to attract flows

6 Dec 2024 11:25 PM IST
Mumbai: The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora’s foreign currency deposits, in a move aimed at...

ASSOCHAM arm organises panel discussion focused on healthcare challenges of India’s elderly population

6 Dec 2024 11:25 PM IST
New Delhi: India is in a unique position due to its demographic dividend but senior citizens in the country are facing battles on many fronts,...
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