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The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations.
The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in
India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations.
The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
Understanding Inflation: Causes, Effects, and Strategies for Investors
Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. While moderate inflation is considered normal and even desirable for economic growth, high or volatile inflation can erode purchasing pow
Understanding Inflation: Causes, Effects, and Strategies for Investors
Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. While moderate inflation is considered normal and even desirable for economic growth, high or volatile inflation can erode purchasing pow
