When senior ministers began promising a $5-trillion Indian economy by 2024–25, it was sold as a near-term milestone that would change everyday life — more jobs, better infrastructure, bigger pay packets. In late 2022, home minister Amit Shah even declared that “India will become a 5 trillion dollar economy by 2025.”Three years on, the goalpost has quietly shifted.The IMF’s latest numbers now...
MUMBAI: The RBI is concerned about the strong growth in some personal loans and is watching out for any stress in that segment, asking banks, NBFCs and fintechs to strengthen their surveillance mechanisms."Certain components of personal loans are recording very high growth... These are being closely monitored by RBI for any signs of incipient stress," RBI governor Shaktikanta Das said on Friday. He...
MUMBAI: Tata Sons, holding company of the $150-billion Tata Group, will have to be ready for a stock market listing by September 2025 with the RBI classifying it as an ‘upper-layer’ NBFC, which requires greater regulatory compliance.If Tata Sons gets listed, it will be a windfall for its shareholders, including Tata Trusts. At an estimated valuation of Rs 11 lakh crore for Tata Sons, a 5% offering...
Apr 06, 2023, 01:27PM ISTSource: PTIRBI Governor Shaktikanta Das told that the economic activity remains resilient, and hence the real GDP growth for 23-24 is projected to be at 6.5 percent. RBI Governor said "GDP growth for 23-24 is projected to be at 6.5 percent with Q1 at 7.8%, Q2 at 6.2%, Q3 at 6.1%, and Q4 at 5.9%. The risks are evenly balanced. The Reserve Bank of India's monetary policy committee...
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