Reserve Bank of India (RBI) Governor Shaktikanta Das stated on Thursday that retail inflation in India is expected to be close to 5% for June, in line with surveys conducted by the RBI. The official data on retail inflation for June is anticipated on Friday. Speaking with CNBC-TV18, Das underscored the unpredictability of the current…
The Reserve Bank of India (RBI) reports that India has had an amazing increase in employment—nearly 4.7 crore jobs added during the financial year 2023–24. This notable rise has driven the overall count of working people in the nation to 64.33 crore, across 27 different sectors of the economy. The most recent RBI employment update…
Mumbai: For the fiscal year ended March 31, 2024, the Reserve Bank of India (RBI) recorded a notable improvement in its financial situation. The bank’s balance sheet increased by 11.08% to ₹70.47 lakh crore ($844.76 billion). Based on World Bank data, the RBI’s balance sheet now surpasses the combined GDPs of Bangladesh and Pakistan, which…
The Reserve Bank of India (RBI) approved a substantial dividend payout of Rs 2.11 lakh crore to the central government for the financial year 2023-24, more than double the Rs 87,416 crore transferred in 2022-23. This decision was taken at the 608th meeting of the Central Board of Directors of the RBI, chaired by Governor…
