Monday, December 5, 2022
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India’s GDP grows at 6.3% in Jul-Sept quarter

India's GDP grew by 6.3 percent in the second quarter of the current fiscal as compared to 8.4 percent in the July-September quarter of 2021-22, stated official data

RBI to launch pilot of retail digital rupee on Dec 1

The RBI has said that it will launch the first pilot for retail digital rupee on December 1, in which four banks including SBI and ICICI Bank, will participate

Bank credit grows at 17.2% in Sep quarter: RBI data

Bank credit growth improved to 17.2 percent in the September quarter 2022 from 7 percent in the year-ago period, said the RBI

GDP may grow at 5.8% in Q2: SBI Research

SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 percent, which is down by 30 basis points from average estimates

Recession unlikely in APAC region in 2023: Moody’s Analytics

Recession is unlikely in the APAC region in the coming year, although the area will face headwinds due to slower global trade growth, said Moody's Analytics

Bad News Alert: India’s economic growth to decline to 5.9% in 2023, says Goldman Sachs

Wall Street brokerage Goldman Sachs said the Indian economy is projected to grow 5.9 percent in 2023, lower than 6.9 percent growth estimated this year

SBI sells electoral bonds worth Rs 10,246 crore in 21 tranches

Electoral bonds worth Rs 10,246 crore have been sold by the State Bank of India (SBI) since the instrument was launched in March 2018

High inflation rate due to exogenous price shocks: RBI MPC Member

The high inflation rate in the last three quarters is mainly a consequence of the 'exogenous' price shocks says RBI MPC Member

Worsening geo-political crisis could fuel inflation, cautions Finance Ministry report

The Finance Ministry's Economic Review has said that inflation might witness another resurgence in case of deterioration of geo-political situation

IDBI Bank privatisation: LIC to recover its investment by time of sale

New Delhi: State-owned insurance company LIC is expected to recover its Rs 21,624-crore investment it had made in IDBI Bank as share prices are...

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