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In its latest report on outlook for developing Asia, the multilateral lender, retained its India growth forecast for FY25 at 6.7%. Recognising accelerated growth momentum, the RBI this month raised its FY24 growth projection for India to 7% from 6.5%, while Nomura increased it to 6.7% from 5.9%, Citigroup to 6.7% from 6.2% and DBS to 6.8% from 6.4%. India recorded a 7.7% expansion in the first half of this fiscal. ....
The RBI hiked the repo rate last on February 23, when it was raised to 6.5 per cent. With the RBI continuing to maintain tight liquidity, short-term rates are hovering around 6.85-6.9 per cent, which is 35-40 bps higher than the repo rate. ....
Here's the first of three top episodes from our archives this year. DBS Bank CEO Piyush Gupta sits down with Crispina Robert and Adrian Tan to talk about why he calls himself “the accidental banker”, how experiencing failure changed his leadership style and what he really thinks about work-life balance. ....