Sharpening income inequalities telling story of ‘uneven’ economic recovery amid pandemic: Ex-RBI Guv Subbarao

New Delhi, June 13 Former RBI Governor D Subbarao has expressed concerns over “extreme unevenness” in economic recovery and “sharpening inequalities” between upper-income segments and lower-income households in the country, cautioning that the trend will hit growth prospects going forward. Terming the uneven recovery “morally wrong and politically…

View More Sharpening income inequalities telling story of ‘uneven’ economic recovery amid pandemic: Ex-RBI Guv Subbarao

RBI extends risk-based audit system to housing finance companies

Mumbai, June 11 The RBI on Friday extended the risk-based internal audit (RBIA) system to select housing finance companies to enhance the quality and effectiveness of their internal audit system. In February this year, the RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs)…

View More RBI extends risk-based audit system to housing finance companies

RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5%

RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5% Read More | Source: Firstpost…

View More RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5%