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Indias GDP Grows 20.1% In Q1 FY22, Helped By Low Base Effect
Explainers

India's GDP Grows 20.1% In Q1 FY22, Helped By Low Base Effect

In the quarter ending in June, the economy grew 20.1% despite fresh lockdown and captures the second wave of the...

31 Aug 2021 1:37 PM GMT
₹5 Lakh Insurance Cover Within 90 Days Of Bank Moratorium: Govt
News

₹5 Lakh Insurance Cover Within 90 Days Of Bank Moratorium: Govt

This amendment is expected to provide relief to those who have their deposits held up in banks under a moratorium

28 July 2021 2:36 PM GMT
IMF Cuts Indias GDP Growth Projections To 9.5% From 12.5% In April
News

IMF Cuts India's GDP Growth Projections To 9.5% From 12.5% In April

The 300 bps cut comes on the back of a brutal second wave of COVID-19 from March - May and an expected slow recovery

27 July 2021 4:46 PM GMT
Banks Gross NPAs May Rise To 11.22% In A Severe Stress Scenario: RBI
Explainers

Banks' Gross NPAs May Rise To 11.22% In A Severe Stress Scenario: RBI

According to RBI, GDP growth for financial year 2021 could be as low at 0.6%, under a severe stress scenario

2 July 2021 2:50 PM GMT
India To Grow 8.3% In FY22, Says World Bank, Bumping Up Jan Forecast
Explainers

India To Grow 8.3% In FY22, Says World Bank, Bumping Up Jan Forecast

The estimates have been bumped up 2.9 percentage points since January, indicating policy support against the 2nd wave.

9 Jun 2021 11:03 AM GMT
RBI Cuts GDP Growth Forecast To 9.5%: 5 Things You Need To Know
Explainers

RBI Cuts GDP Growth Forecast To 9.5%: 5 Things You Need To Know

The address by Shaktikanta Das spells out RBI's decisions accounting for the second wave of the COVID-19 pandemic.

4 Jun 2021 7:40 AM GMT
Continue Due Diligence On Crypto, Dont Cite Scrapped Circular: RBI
Explainers

Continue Due Diligence On Crypto, Don't Cite Scrapped Circular: RBI

This latest directive from the RBI followed after several banks referenced its 2018 circular to caution customers...

31 May 2021 7:34 PM GMT
COVID-19 Impact: Indias GDP Contracts 7.3% In FY21, Grows 1.6% In Q4
Explainers

COVID-19 Impact: India's GDP Contracts 7.3% In FY21, Grows 1.6% In Q4

The Q4 numbers reflect the recovery phase of post the first wave of the pandemic, bringing an overall contraction of...

31 May 2021 12:52 PM GMT
DD News Misquotes RBI Governor On Vaccine Availability For All
Fact Check

DD News Misquotes RBI Governor On Vaccine Availability For All

The RBI Governor did not say that vaccines will be available for all in 2022; but was quoting an estimate of the IMF

5 May 2021 7:44 AM GMT
CitiBank To Exit Consumer Banking In India: All You Need To Know
Explainers

CitiBank To Exit Consumer Banking In India: All You Need To Know

No immediate service disruptions expected as it will continue to serve all its existing customers

16 April 2021 12:15 PM GMT
IMF Upgrades Indias Growth Projections To 12.5% In FY22 In Latest WEO
Explainers

IMF Upgrades India's Growth Projections To 12.5% In FY22 In Latest WEO

India will grow 12.5% in FY22 after contracting by 8% in FY21, even though the pandemic is yet to subside, says IMF.

6 April 2021 3:37 PM GMT
RBI Extends Auto Debit Rules By Six Months: What It Means For You
Explainers

RBI Extends Auto Debit Rules By Six Months: What It Means For You

Noting that many stakeholders are yet to migrate to a AFA framework, the RBI has now extended this deadline to Sept 30

31 March 2021 2:59 PM GMT