The FinTech Hub
Source: Live Mint In a bold move, the US Federal Reserve kick-started its monetary policy easing cycle with a 50 basis point (bps) interest rate cut, bringing the Fed funds target range to 4.75-5%. The market was widely anticipating a 25 bps rate cut (one basis point is 0.01%). While delivering this surprise, Fed chair…
Source: Business Standard The US Federal Reserve (US Fed) surprised the global financial markets with a higher-than-expected rate cut of 50 basis points (bps) on Wednesday. Puneet Wadhwa caught up with CHRISTOPHER WOOD, global head of equity strategy at Jefferies in New Delhi on his interpretation of the Fed’s move, its implications for global…
Source: Live Mint Ending the weeks of intense speculation, the US Federal Reserve’s Federal Open Market Committee (FOMC) has taken a decisive step in initiating a new monetary easing cycle, announcing a 50 basis points (bps) cut to the federal funds rate. The move comes after months of market speculation and a 14-month policy pause….
Source: Business Standard Mumbai: SBI Chairman Challa Sreenivasulu Setty during the ‘Global Fintech Fest’, in Mumbai, Friday, Aug. 30, 2024. (Photo: PTI) 3 min read Last Updated : Sep 18 2024 | 3:47 PM IST The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation,…
Source: Business Standard 2 min read Last Updated : Sep 17 2024 | 8:52 PM IST Prime Minister Narendra Modi on Tuesday encouraged the use of the Reserve Bank of India’s (RBI) digital currency—the central bank digital currency (CBDC)—while speaking at the launch of the Odisha government’s women-centric scheme, Subhadra Yojana. Speaking at…
Source: Business Standard 4 min read Last Updated : Sep 16 2024 | 8:24 PM IST The benchmark interest rate in the country will hinge on the future trajectory of inflation, Reserve Bank of India Governor Shaktikanta Das has said, emphasising that month-on-month inflation momentum — whether it’s building up or moderating — will…
Source: Business Standard 2 min read Last Updated : Sep 16 2024 | 9:12 PM IST Indian firms, including non-banking financial companies, have filed proposals in July 2024 with the Reserve Bank of India (RBI) to raise $3.58 billion through External Commercial Borrowings (ECBs). The entire funding to be raised is through the automatic…
Source: Business Standard RBI DG Swaminathan Janakiraman 2 min read Last Updated : Sep 16 2024 | 7:13 PM IST Since traditional lending practices have limitations in catering to the needs of the agricultural sector, which is inherently seasonal, with returns often delayed or reduced, innovative financial solutions that are flexible and tailored to…
Source: Live Mint The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere. The electricity generated by these offsite panels is credited against your electricity bill. It’s a novel solution that makes users feel like they have solar…
Source: Business Standard RBI, Reserve Bank of India(Photo: Shutterstock) 3 min read Last Updated : Sep 15 2024 | 2:40 PM IST The Reserve Bank plans to comprehensively revamp its currency management infrastructure over the next 4-5 years, mainly to ensure adequate storage and handling capacity to cater to the future cash needs of…
