The central bank said it found 'several' instances of 'unreasonable elongation of tenor' of floating rate loans by lenders without proper consent and communication to the borrowers.
During the year, RBI saw a gain of 1.03 trillion rupees from foreign exchange transactions, which allowed it to increase the size of its contingency fund, the report showed.
Although RBI has been raising repo rate to contain rising inflation & lending, it hasn't discouraged borrowers. The growth in credit could partly be attributed to ‘pent up demand’.
RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.
There's little dispute that higher interest rates are coming, or that they are warranted. However, European Central Bank President Christine Lagarde warned rushing could be harmful.
RBI Governor Shaktikanta Das said the central bank does engage with the govt in frank discussions, but there is no interference when it comes to decision-making.
I was surprised when Andhra Pradesh minister Nara Lokesh and Deputy Chief Minister Pawan Kalyan advocated for Hindi—at a time when states like Tamil Nadu and Karnataka are opposing its imposition.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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