$5 trillion in gold? At record high prices, Indian gold could now exceed GDP

India’s legendary love affair with gold has reached an extraordinary milestone. With spot gold hitting new all-time highs above $4,500 per ounce in the international market, household gold reserves in the country may have crossed the $5 trillion mark, making the glittering stock worth more than India’s entire gross domestic product (GDP).A Morgan Stanley report […]

SBI chief calls for shared digital infrastructure to tackle fraud and support risk management

SBI Chairman Challa Sreenivasulu Setty India’s financial sector is growing rapidly and building a national financial network that connects elements like credit bureaus, fraud registers, e-KYC facilities, UPI and an account collection framework can help lenders tackle fraud and support risk management, said CS Setty, Chairman, State Bank of India (SBI) at the CII Financing […]

RBI has kept the possibility of future tariff reductions open: report

On October 1, RBI had kept its policy interest at 5.5% unchanged for the second consecutive time, stating concern about the rate of uncertainties. | Photocredit: Francis Mascarenhas The Reserve Bank of India (RBI) has kept the possibility of future tariff reductions open, whereby its Monetary Policy Committee (MPC) is revised its inflation forecasts downwards […]

The use of commercial sector on non-banking sources reflects the adaptability of the financial system

India’s financial system has undergone a structural transformation While bank credit expansion during FY25, non-banking sources, both domestic and foreign, played an important role in bridging the financing gap for the commercial sector in India, according to an article in the last monthly Bulletin of RBI. The Increase in Funding from Non-Bank Sources During Fy25 […]

GST has cut a short -term pillow, but rate uncertainties and worldwide risks keep India’s growth costs ready for care: suvodeep rakshit

The recent GST rationalization can offer a timely pillow to the Indian economy, because it is confronted with the headwind of steep American rates, according to Suvoepep Rakshit, chief economist at Kotak Institutional Equits. Rakshit now said to Et, said that the GST movement had been in the making for more than a year and […]