In a spirited rebuttal of the charge that the Reserve Bank of India (RBI) was too slow to act against inflation, governor Shaktikanta Das on Friday said that any move to prematurely tighten monetary policy would have been disastrous for economic growth.“During the time of Covid, the monetary policy committee consciously decided to tolerate an inflation that was higher than 4%, up to 6?cause the ...

The impact of covid-19 pandemic, ongoing geopolitical crisis, and all pervasive technological innovations sweeping across economies are challenging the traditional financial intermediation processes like banks, NBFCs and housing finance companies, said Reserve Bank of India Governor Shaktikanta Das is his inaugural address at the FE Modern BFSI Summit today (17 June). The banking paradigm is under...

NSE Nifty 50 index saw sharp volatility during December and January forcing the index to plummet close to important support levels of 16,400. With a strong start to February, analysts at ICICI Direct believe Nifty is offering a good buying opportunity for investors, and expect the index to head towards 18,300. “… investors should use the current volatility in the markets to accumulate qualit...

BENGALURU: Hybrid cloud is the only IT model showing positive growth among financial companies, and is expected to grow 39% in 5 years, according to Nutanix’s third annual Enterprise Cloud Index report for financial services.The findings point to a digital transformation within the industry, with half of the respondents reporting that covid-19 led them to increase their investment in hybrid clou...