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RBI governor Shaktikanta Das cautions on backdoor entry in financial space

The use of technology has made financial entities more efficient, but it has also led to backdoor entry of unregulated players into the financial space that often do not abide by norms, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday. “This leads to several concerns including mis-selling, breach of …

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Market Closes Positively, Sensex Gains 1000 Points Post RBI Interest Rate Hike

Stocks oi-Jalaj Jain | Published: Friday, September 30, 2022, 15:35 [IST] The markets have closed positively, and the benchmark indices of the Indian market have surged rapidly in today’s trading session. Bank, Finance, Energy, and Realty sector have dragged the markets to a positive move; however, FMCG and IT sector underperformed during the starting period …

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Front-loaded rate hikes reduce need for action later, says RBI deputy governor Patra

MUMBAI: Reserve Bank of India deputy governor Michael Patra said that the front-loading of interest rate hikes to tame inflation will reduce the need for subsequent increases. In the near term, however, he said the inflation trajectory depends on geopolitical developments, global commodity prices, and global financial market developments. “Our role has undergone a transformation …

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Listed private non-finance companies log 41% sales growth in Q1FY23: RBI

The Reserve Bank of India (RBI) on Thursday said the first quarter of FY23 saw listed private non-financial companies log 41 per cent sales growth. The RBI came out with its report, drawing the data from the abridged quarterly financial results of 2,749 listed private non-financial companies. “Sales growth (yoy) of …

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Big-bang privatisation of PSUs can be harmful, says RBI article

A gradual approach to privatise public sector banks (PSBs) is more ideal than taking a big-bang approach, a study by Reserve Bank of India (RBI) staff has concluded. It has backed the government’s idea to privatise two PSBs initially. Such a gradual approach would ensure that large-scale privatisation does not create …

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Govt’s approach to PSB privatisation would result in better outcomes: RBI

On Friday, the Reserve Bank of India (RBI) issued a clarification notification stating that the views expressed in its recent article, “Privatisation of Public Sector Banks: An Alternate Perspective, ” do not represent the views of the bank and are of the authors. It also said that the authors are of the view …

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Listed SME: Listed SMEs have performed better than unlisted: RBI study

It might be worth investing in small and medium (SME) enterprises rather than lending to them. Even as many prices of IPOs of larger firms have crashed on listing, an RBI study finds that SME IPOs preceded by a boom market period are more underpriced making a case for more equity funding for SMEs. Moreover, …

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Retail Inflation ‘unacceptably and uncomfortably’ high: RBI Governor at MPC

With the price situation remaining at “unacceptably and uncomfortably” high level, members of the RBI’s Monetary Policy Committee underlined the need for preventing upward drift of inflation and bringing it down to the target band, as per minutes of its recent policy meeting. Reserve Bank Governor Shaktikanta Das said the policy …

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Rajasthan accounted for highest share in cost of projects in FY22: RBI

Rajasthan accounted for the highest share in the total cost of projects sanctioned by banks and financial institutions in 2021-22, retaining the top place for two consecutive years, as per an article published in RBI bulletin. Rajasthan was followed by Uttar Pradesh and Gujarat. “State-wise data reveals that during 2021-22, more …

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