MUMBAI: Reserve Bank of India governor Shaktikanta Das has reiterated that the central bank’s war against inflation is not yet over, indicating that rates will remain higher for longer.“By emphasising our firm commitment to realign inflation with the target, we also categorically say that it is not enough to be within the tolerance band, and…
A Delhi High Court has ordered the State Bank of India (SBI) to compensate a customer, Hare Ram Singh, who lost Rs 2.6 lakh to a phishing attack. The court found SBI negligent in handling Singh’s complaint and failing to prevent the fraudulent transactions.Singh, a victim of a cyberattack, promptly notified SBI’s customer care and…
File photo: Former RBI governor Raghuram Rajan High public debt can’t be left to fester in the US and its peers in a world that is prone to more pandemics than before, former Reserve Bank of India governor Raghuram Rajan said.Speaking to reporters in Rome, the one-time chief economist of the International Monetary Fund warned…
The Reserve Bank of India (RBI) has issued an advisory warning users about the circulation of deepfake videos featuring its top officials. These deepfake videos featuring RBI governor Shaktikanta Das are doing the rounds on the internet. Created using advanced AI technology to create convincing false visuals, these are reportedly being used to spread misinformation…
Rupee registered an all time low with a 5 paise drop against the US dollar during early trade on Friday, squeezed by foreign fund outflows and a flat performance in domestic equities.Rupee opened at 84.32 against the greenback at the interbank foreign exchange and then fell to 84.37.The US Fed Reserve’s decision to reduce its…
NEW DELHI: Indian rupee on Thursday closed near to a record low against the US dollar, which was recorded at at 84.0750 per dollar, nearly unchanged from its Wednesday close of 84.0775. Due to a public holiday, the Indian currency market will be closed on Friday.The rupee briefly touched an all-time low of 84.0950 on…
Representative image Gold continues to shine despite the record-high prices. The yellow metal prices saw an increase of 24 per cent this year but buying interest is still high amid volatile markets and geopolitical challenges, according to a report by Religare. Buyers however are cautious given the economic backdrop. Gold has long held a special…
NEW DELHI: The Centre will have to decide on four key appointments in as many months, starting with a replacement for G S Murmu, whose term as Comptroller and Auditor General is due to end in November. A trusted Modi government bureaucrat is likely to bag the coveted assignment to keep a watch over the…
The Reserve Bank of India (RBI) has banned four non-banking financial companies (NBFCs) to cease and desist from sanction and disbursal of loans, effective October 21, 2024. The NBFCs include Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder Sachin Bansal’s Navi Finserv.In a statement, the central bank said that the “action…
MUMBAI: The new external members of RBI‘s monetary policy committee, who are likely to be appointed by govt this month, are set to face new risks to growth – evident in macroeconomic numbers.RBI governor Shaktikanta Das noted some external risks to growth in a recent speech at a Bretton Woods event in Singapore. Besides Das,…
