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In FY2020-21, bank credit had grown by 5.56 per cent and deposit by 11.4 per cent.

Cash Going To Co-exist With RBI's Digital Currency: Former Governor Subbarao

Economy

The former RBI governor also noted that privacy is also going to be a big issue when the RBI launches the digital currency.

Indian Banks To Remain Closed For 7 In Upcoming Days

And last Saturday, (October 16) banks were closed in Sikkim’s Gangtok on the occasion of Durga Puja. Also, banks are closed in all of India, on Sunday i.e. October 17 Talking about October, there are 21 bank holidays in the entire month.

RBI Bans Srei Infra Auditor Haribhakti And Co For Two Years

This is the first time that the RBI has taken such action against an auditor of any systemically important NBFC.

RBI May Hike Rates In March Q22; Coal, Chip Shortages A Worry: Report

Energy & Infra

The central bank will start with liquidity normalisation moves this month, narrowing the difference between the rate at which it funds the system and at which it absorbs excess liquidity in December, Nomura said.

What Can Make $5 Trillion Economy Possible For India?

Economy

With predictions of 8.3 per cent economic growth in the current fiscal year, experts tout agriculture and labour reforms as areas apart from rapid vaccination as the steps towards PM Modi's 2019 $5 trillion vision.

India Becoming $5 Trillion Economy By 2025 'Impossible' Due To Pandemic: Former RBI Governor Rangarajan

Companies & Markets

India indeed needs a faster rate of growth to make up for the loss of output in the previous two years from the trend rate and must lay the foundation for faster growth in this year itself

RBI Retains Economic Growth Forecast At 9.5 For FY 22

Economy

Also, rural demand is expected to get impetus from the continued resilience of the agricultural sector and record production of Kharif foodgrains in 2021-22 as per the first advance estimates.

RBI Retains Repo Rate At 4%, Status Quo Remains Same For 8th Time

MPC decided to keep the benchmark repurchase (repo) rate at 4 per cent, Das said while announcing the bi-monthly monetary policy review.

RBI Monetary Policy: Shaktikanta Das To Give A Statement At 10 AM

RBI's rate-setting panel, on Wednesday, initiated its three-day deliberations on the next bi-monthly monetary policy, amid a sharp surge in global commodity prices and the requirement to contain domestic inflation.

RBIs 3-day MPC Meet Today; Final Decision To Out On Friday

Shaktikanta Das, the Governor of RBI is going to announce the decision of the six-member Monetary Policy Committee (MPC) on Friday.

Average Base Rate Charged By NBFC-MFIs Is 7.95% Now: RBI

This is done to conclude the loan rates to be charged by NBFC-MFIs from their borrowers in the upcoming quarter.

Indian Overseas Bank Out Of PCA Framework: RBI

Meanwhile, the Central Bank had also removed UCO Bank from the PCA framework, earlier this month.

Indian Banks To Remain Closed For 21 Days In October, Amid Festivities