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Finance

General govt deficit moderated to 9.4% of GDP in 2022-23, says RBI report

The general government deficit and debt moderated to 9.4 per cent and 86.5 per cent of GDP, respectively, in 2022-23 from the peak...

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report

Abrdn, a UK-based investment company on Wednesday said it is likely sell its 1.66 per cent stake (35.7 million shares) in HDFC Life...

Certificates of deposit issuances jumped three-fold in FY23: RBI data

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%RBI MPC: Here is what experts have to say...

Rs 500 note tightens hold as most circulated currency, show RBI data

The share of Rs 500 bank note in circulation increased further to 77.1 per cent as of March 2023, from 73.3 per cent...

SBI Card plans to raise Rs 3,000 cr from debentures to fund business growth

SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth. The decision to...

Volume of Rs 500 fake notes detected up 14.6% on-year in FY23, says RBI

The number of counterfeit currency notes of Rs 500 denomination detected by the banking system, rose by 14.6 per cent to 91,110 pieces...

India’s fiscal deficit target of 5.9% for FY24 at risk, warns Nomura

Budget 2023-24: Centre to target higher capex but lower fiscal deficitFiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: ReportCentre's...

Banking fraud cases grow to 13,530 in FY23, amount halved to Rs 30,252 cr

The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs...

Microfinance loans grow 21.3% YoY to Rs 3.5 trn in FY23, says report

Microfinance loans in India increased 21.3 per cent year-on-year (YoY) at Rs 3.5 trillion in Financial Year 2022-23 (FY23), backed by revised regulatory...

RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current...

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