The RBI announced a 50-basis-point reduction in the Cash Reserve Ratio to enhance banking liquidity, maintaining the repo rate at 6.5%. This is expected to inject ₹1.16 lakh crore into the banking system, though challenges in liquidity management persist.
3 min read9 Dec 2024Nifty 50 ended the session with a minor loss of 0.12% at 24,677 but posted a sharp weekly gain of 2.27%. Meanwhile, the Sensex closed with a slight drop of 0.07% at 81,709, wrapping up the week with a notable uptick of 2.39%.
3 min read6 Dec 2024The RBI’s recent decision to cut the cash reserve ratio (CRR) by 50 basis points aims to enhance liquidity and stimulate credit growth. This move is expected to benefit PSU banks and improve their profitability.
3 min read6 Dec 2024The Reserve Bank of India decided to cut the case reserve ratio by 50 basis points to 4% on Friday, December 6.
1 min read6 Dec 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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