RBI names Neeraj Nigam as new Executive Director

 The Reserve Bank of India (RBI) has appointed Neeraj Nigam as Executive Director with immediate effect, the central bank said in a release on Monday. As Executive Director, Nigam will look after Consumer Education and Protection Department, Financial Inclusion and Development Department, Legal Department, and Secretary’s Department. Prior to being promoted as […]

Jairam Ramesh writes to RBI, SEBI seeking investigations on Adani Group

 Congress leader Jairam Ramesh has written to Reserve Bank of India Governor Shaktikanta Das and SEBI chairperson Madhabi Puri Buch, in two separate letters, seeking an investigation on the allegations levelled against the Adani Group by Hindenburg Research. Citing the Adani Group’s large size, his letter to the SEBI chief said investigations must be […]

RBI’s services, infra outlook survey to assess business situation of fourth quarter of FY23

The Reserve Bank of India has launched the 36th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for January-March 2023. The survey assesses the business situation for the current quarter (Q4:2022-23) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2023-24) based on qualitative responses […]

RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at 6.7 pc

The Reserve Bank of India (RBI) on Friday hiked repo rate”>rate by 50 basis points to 5.90 percent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. RBI Governor Shaktikanta Das announced the rate”>rate hike today. In […]