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

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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...
Finance

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

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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...
Finance

RBI paper sees enough signs of firming up disinflationary trends

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

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

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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...
Finance

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

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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...
Finance

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

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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...
Finance

Fund pick: DSP Equity Opportunities Fund

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

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

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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...
Finance

Members split on economic growth prospects

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

New business premium of insurers drops 12%

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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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