Until now, interest rates on Foreign Currency Non-Resident Bank (FCNR(B)) deposits were subject to ceilings of Overnight Alternative Reference Rate (ARR) for the respective currency/swap, plus 250 basis points for deposits of 1 year to less than 3 years maturity and overnight ARR plus 350 ...
The Reserve Bank’s supervisory findings also revealed non-compliance with directions on ‘Interest Rate on Deposits’, ‘Know Your Customer (KYC)’ and ‘Credit Flow to Collateral free agricultural loans’. The RBI has stated that the regulatory action does not compromise the validity of any tra...
As a result, 643.3 million people are employed nationwide, according to a Reserve Bank of India report. In that fiscal year, India's employment growth rate was 6%. The previous fiscal year (FY23) saw this rate at 3.2%, according to the RBI's report on industry-level productivity and emp...
and 2. To know further information, aspirants can check the official website of the Reserve Bank Of India which is rbi.org.in. Refer to the below sections for more detailed information regarding the RBI
This paper actually studies fully about the impact on economy after interest rate cuts and also its aftermath effects, disadvantages due to the interest rate cuts. This paper is purely based upon on conceptual one mainly emphasising upon the growth of Indian economy.Varun Kesavan...
Moreover, IndiaMart continues to face a high churn rate in its silver categories, limiting opportunities for upselling to higher subscription tiers and potentially impacting overall revenue growth. The churn also impacts collections, as slower customer additions result in reduced collections and slower ...
This is despite a 36.45% decline in the hiring rate in past six months. Most growth (28.24%) in the headcount of gig workers was seen in the business department. Headcount growth of 20.18% was recorded in the finance department. In the past six months, hiring full time employees slowed ...
As per revised guidelines, credit of 100% foreign exchange earnings to the EEFC account is allowed subject to the condition that the sum total of the accruals in the account during a calendar month should be converted into Rupees on or before the last day of the succeeding calendar month aft...
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the impact of increasing interest rates and general market uncertainty caused a drop in the rate of new build starts during the second quarter. Lower volumes are expected to continue throughout the second half of the financial year and costs are being managed to mitigate this impact, although de...