India’s growth resilience beat expectations. Developments since the Oct’23 policy meet suggest the domestic economy is going strong. The latest GDP growth (7.6%) exceeded consensus (6.8%) and our expectations (6.9%), primarily driven by investments while consumption growth was tepid. We reckon the coming period will see a reversal in the contributors to growth, from investment …
Cloud facilities for financial institutions will enhance data security and privacy, RBI Governor Shaktikanta Das said while announcing a proposal to establish data storage facilities for financial institutions (FIs) in India on December 8, 2023. “Banks and financial entities are maintaining an ever-increasing volume of data. Many of them are utilising various public and private …
Image Source : FILE RBI governor Shaktikanta Das RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates …