FED:Relief likely as Reserve Bank tipped to hold cash rate The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels. AAP · Jun 14
Relief likely as Reserve Bank tipped to hold cash rate The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels. AAP · Jun 14
RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement. The Economic Times · Jun 12
Bank credit grows over 17% in May, extending double-digit rise for 9th month in a row Bank credit saw a strong 17.44 percent growth in May. This marks the ninth straight month of double-digit expansion. Demand for loans from individuals and businesses remains high. Credit growth has consistently stayed above 13 percent since January. The Reserve Bank data shows a sustained upward trend in lending. The Economic Times · Jun 11
AAP · Jun 10 FED:Shares lift as rate-sensitive stocks continue higher The local mining sector continues to retreat from recent gains, but retail stocks, banks, real estate trusts and utilities have fuelled a bounce on the ASX.
The Guardian - AU · Jun 9 KPMG loses contracts and leaders amid scandal over alleged confidential leaks. Here’s what you need to know Consulting firm’s Australian arm shared secret client information internally in order to win lucrative audit contracts, a whistleblower has alleged
The Economic Times · Jun 9 RBI measures likely to attract USD 55-65 billion inflows in FY27: SBI report India anticipates USD 55-65 billion in foreign inflows this fiscal year. The Reserve Bank of India's recent measures aim to stabilize the rupee and boost the country's balance of payments. These initiatives are expected to attract more foreign capital and deepen the domestic debt market. The overall balance of payments…
AAP · Jun 9 FED:Australian shares trim losses as NAB predicts rate cut The ASX has recovered some of its early dip after major bank economists predicted a change of direction for the Reserve Bank, but risk appetite remains subdued.
AAP · Jun 9 FED:Big bank changes RBA rate call as cost pressures ease Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.
AAP · Jun 9 Big bank changes RBA rate call as cost pressures ease Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.
The Economic Times · Jun 8 Rupee falls 17 paise to 95.35 against US dollar in early trade The Indian rupee weakened by 17 paise to 95.35 against the US dollar in early trade on Monday, influenced by a strong dollar and geopolitical uncertainties. Elevated Brent crude prices, following Iran's missile launches towards Israel, further dented investor sentiment and impacted the rupee's performance.
The Economic Times · Jun 7 LIC in talks with regulators on long-term instruments to match growing liabilities: CEO Life Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment options. Inflows into LIC's annuity products are growing. The company is also considering a fintech arm. LIC is prepared for further stake dilution by the government. The government is…
The Guardian - AU · Jun 6 Personal loans booming as cost of living drives Australians to borrow record amounts National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March
The Economic Times · Jun 5 Govt committed to further drive 'Reform Express', ensure economic momentum: FM Sitharaman India's economic outlook continues to evolve, with Finance Minister Nirmala Sitharaman highlighting the government's unwavering resolve to enhance economic policies. This declaration aligns with the Reserve Bank of India's recent downward adjustment of the FY27 GDP forecast. In a bid to woo foreign investors, the government has unveiled new tax…
The Economic Times · Jun 5 Paying beyond disclosed rates to attract deposits not acceptable: RBI Guv Sanjay Malhotra Reserve Bank Governor Sanjay Malhotra stated that paying interest rates higher than disclosed is unacceptable to the central bank. While acknowledging healthy competition for deposits, he stressed the need for transparency from banks. Malhotra also indicated an upcoming updated list of upper layer NBFCs.