Indian Economy - Angel One - Page 456

Credit rating agencies (CRAs) in India are seeking intervention from the central bank, the Reserve Bank of India (RBI), to address the rising issue of non-cooperative companies. The Problem A significant challenge faced by CRAs is the increasing number of rated companies (estimated at over 60%) that are withholding crucial information needed to maintain their …

India’s retail inflation records a 12-month low of 4.75% in May, as per government records. This is slightly lower than the 11-month low in April of 4.83%. The number remains within the RBI’s tolerance band of 2-6%. The inflation rate, however, remains unchanged at 0.48% in May. Other records that impact the aggregate retail inflation …

Indian banks are urging the Reserve Bank of India (RBI), the country’s central bank, to relax a key liquidity rule to free up more funds for lending. The RBI has raised concerns about a potential mismatch between deposit growth and loan disbursements, which could create future challenges for banks. What’s the Issue? The rule in …

Fuel Prices and Their Ripple Effects Retail inflation in India is facing a new threat: rising fuel prices. Tensions in the Middle East, particularly the recent missile attack by Iran on Israel, have heightened concerns about a potential disruption in global crude oil supplies. While Brent crude prices dipped slightly on the following Monday, the …

The Securities and Exchange Board of India (Sebi) unveiled Mumbai’s upgraded ‘Saa₹thi 2.0’ mobile application. The main goal of launching this app is to simplify financial concepts for investors. With a revamped user interface, the app offers comprehensive tools, including financial calculators and instructional modules covering KYC procedures, mutual funds, ETFs, and stock exchange transactions. …

India’s manufacturing growth decelerated to a 3-month low in May due to a heatwave, reducing working hours for some firms. However, overall factory activity remained strong, supported by robust international sales, according to a business survey released on June 03, 2024. Regional Heatwave Impact In May, certain northern and western regions of Asia’s third-largest economy …

Market Cap Surges: In a noteworthy turn of events, the combined market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has witnessed a remarkable surge, soaring by 61% since the end of March 2023. This upsurge stands in stark contrast to the estimated 10% growth in India’s Gross Domestic Product (GDP) at …

The Reserve Bank of India (RBI) plays a crucial role in the economic framework of the country, including the distribution of dividends to the Central Government. This blog aims to delve into the intricacies of RBI’s dividend, shedding light on its significance, calculation, and implications.  What is RBI’s Dividend?  The dividend distributed by the RBI …

In recent quarters, companies reliant on metals as key raw materials have benefited from low input costs, driven by a downtrend in metal prices as compared to year 2022. Notably, steel and important metals such as copper and aluminium surged to record highs in early 2022 amidst the Russia-Ukraine war fears, leading to supply disruption …

The Reserve Bank of India’s (RBI) latest half-yearly report on foreign exchange reserves management reveals a strategic increase in gold holdings and a strengthening of the country’s overall foreign exchange reserves position. This article delves into the key data points, exploring the implications for India’s financial stability. Surge in Gold Holdings The report highlights a …