Its spokesperson Syed Zafar Islam said in a statement that the Indian economy was considered fragile in 2014 but the "Modinomics" brought in a transformation and its strength is now being recognised globally
As per RBI's data on India's international trade in services, the trade surplus during March 2024 was USD 13.4 billion.
RBI's Digital Payments Index (RBI-DPI) stood at 418.77 at the end of September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023.
On a sequential (quarter-on-quarter) basis, all-India HPI increased by 2.6 percent in Q1:2023-24
The RBI data show a clear demarcation between the manufacturing and services sectors. While aggregate operating profits fell 0.9 percent year-on-year for manufacturing firms, they increased by 37.3 percent for services firms
Bank credit growth improved further to 17.2 per cent (year-on-year) in September 2022 from 14.2 per cent a quarter ago and 7 per cent a year ago
In the same month of 2021-22, it stood at $2,500.97 million ($2.5 billion).
In the previous fortnight ended July 29, bank credit grew by 14.52 per cent and deposits by 9.14 per cent
Loans for buying consumer durables and credit card outstandings saw strong m-o-m growth in October, followed by trade advances
Sakshi Batra does a 3 point analysis to understand what's driving the credit growth.
FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to RBI data on 'Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18'.
The Reserve Bank of India today released its quarterly house price index (HPI) for Q3 of 2017-18 fiscal. It is based on transactions data received from housing registration authorities in ten major cities -- Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi.
Mounting NPA has become a big problem for the banking sector. Lenders use write-offs as one of the tools to bring down bad debt on their books by making 100 percent provision.
The services exports (or receipts) were at USD 14.30 billion in December 2014 and the services imports (or receipts) were at USD 7.24 billion during the month.
The domestic firms had raised USD 637.29 million from overseas markets during the same month in 2014. Of the total borrowings during the month, USD 1.13 billion was raised through approval route, while USD 1.90 billion came through automatic route.
Indian companies raised over USD 727.33 million from overseas markets in April 2015, down 77.3 per cent from a year ago, according to RBI data.
Sales of manufacturing companies rose by 16.9 per cent in 2011-12, versus a growth of 19.4 per cent in 2010-11. While, for services sector, the sales were higher in 2011-12 with a growth of 18.7 per cent from a growth of 16.8 per cent in the previous year.
The BSE Sensex is down over 1.5 percent at 19,356 and the 50-share Nifty slips 1.57 percent at 5857, heading towards their biggest single day fall since October 8, 2012.
The foreign exchange reserves rose by a robust USD 1.637 billion to touch USD 296.63 billion during the week ended December 14 on the back of healthy addition of core currency assets, the Reserve Bank said today.
Gold prices remained unchanged at Rs 30,200 per 10 grams on reduced offtake in the bullion market here today, while silver rose by Rs 200 to Rs 53,500 per kg on fresh buying.