Sunday, October 11
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank's commentary on inflation and growth to get an idea about how long it would continue with the easing cycle to fuel demand in an economy growing faster than expectations despite faltering consumption.All 12 financial institutions in an ET poll predicted a quarter-percentage-point cut in the policy repo rate, or the rate at which the central bank lends to banks, to 5.75% at the June 4-6 RBI Monetary Policy Committee meeting. But the views on growth and inflation were divergent."The GDP print reassures that growth is not falling apart, but the underlying demand - the hous
Kia India on Sunday reported 14 per cent year-on- year increase in dispatches to dealers in the domestic market in May. The company billed 22,315 units last month as compared with 19,500 units in May 2024. The newly launched Carens Clavis received an overwhelming response from customers, reaffirming Kia's ability to meet evolving consumer expectations and deliver aspirational, value-driven products, Kia India said in a statement. "Our strong sales performance in May, reflects the growing resonance of Kia's diverse offerings across segments," Kia India Senior Vice President and National Head of Sales & Marketing Hardeep Singh Brar stated. The momentum validates the company's ongoing efforts to expand and strengthen product portfolio in line with evolving customer needs, he added. "As we
The Reserve Bank of India (RBI) imposed penalties totalling ₹54.78 crore on 353 regulated entities (REs) during the financial year 2024–25 for various contraventions of statutory provisions and regulatory directions, the central bank said in its annual report released on Thursday.The enforcement actions were taken against banks, non-banking financial companies (NBFCs), asset reconstruction companies (ARCs), housing finance companies, and cooperative banks for non-compliance in areas including cyber security, exposure norms, income recognition and asset classification (IRAC), Know Your Customer (KYC) guidelines, fraud classification and reporting, submission of data to the Central Repository of Information on Large Credits (CRILC), and credit information reporting to credit information
