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Flows into NRI deposits jump 2.5x in April-February to $6.4 billion

Flows into NRI deposits surge in April-Sept, but outstanding amount fallingRBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast...

India’s forex reserves up $1.65 bn to $586.4 bn, shows RBI data

India’s foreign currency reserves rose by $ 1.65 billion to $586.41 billion in the week ended April 14, 2023. The rise in reserves...

RBI paper sees enough signs of firming up disinflationary trends

Defending the surprise unanimous pause in the April policy after a steep 250 bps hikes in six consecutive steps since May 2022, an...

Indians remit $2.1 billion under LRS in February, down 23% sequentially

Outward remittances in February under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) fell 23 per cent over January, latest data...

Flows into NRI bank deposits in India top $6 bn mark in April 2022-Feb 2023

A further analysis indicated FCNR (B) deposits were $18.4 billion this February, marginally up from $18.2 billion in January The bank accounts of non-resident...

RBI allows HDFC Bank to meet priority sector goal in 3 years post merger

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...

Fund pick: DSP Equity Opportunities Fund

Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformerFund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformerFund pick: SBI...

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL

Education loan assets under management (AUM) of non-banking financial companies (NBFCs) are projected to grow by 35-40 per cent to around Rs 35,000...

Members split on economic growth prospects

All the external members of the Reserve Bank of India’s monetary policy committee (MPC) flagged risk of slowing growth, while the internal members...

New business premium of insurers drops 12%

Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to...

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