APN News

  • Friday, April, 2024| Today's Market | Current Time: 01:27:48

    • Finance

    Monetary Policy quote by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance

    “By maintaining status quo, the RBI’s interest rate panel sends out a clear message that any cut in rates or change in stance is not on its table till headline inflation returns to the median target of 4%.  However, commentary on economic growth with GDP expansion pegged at 7% for the current fiscal is reassuring […]

    Finance

    RBI MPC Quote by Mr. Ajay Kumar Srivastava, Managing Director and CEO, Indian Overseas Bank

    The RBI MPC’s decision to keep the repo rate unchanged at 6.5 per cent is a positive move even though retail inflation continues to be above its target of 4 per cent. With the Indian economy showing signs of strong growth momentum and stability, the GDP growth projections marked at 7 per cent for FY25 […]

    Finance

    Nikunj Doshi Wins Best Chief Business Officer at Stars of the Industry Awards 2024

     New Delhi  – Nikunj Doshi, the Chief Business Officer at Propelld, has been recognized for his exceptional contribution to the financial services sector at the prestigious Stars of the Industry Awards 2024. Since joining Propelld, Nikunj Doshi has propelled the company to achieve 4x growth, while successfully building both the offline and online business teams. […]

    Finance

    RBI Monetary Policy Quote on behalf of Mr. Rajesh Sharma, Managing Director at Capri Global Capital Limited

    As widely expected, the Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the seventh consecutive time. This strategy highlights the RBI’s priority to balance growth with inflation control, acknowledging the significant weight of volatile food components in India’s retail inflation basket and the potential impact of global oil price […]

    Finance

    ASSOCHAM reaction on RBI Policy

    New Delhi : The decision of the RBI Monetary Policy Committee to keep the policy REPO rate unchanged at 6.5 per cent and its assertion to remain focussed on moderating inflation shows a resolve on the part of the central bank to ensure price stability for a long term sustained economic growth, ASSOCHAM said today. “We […]

    Finance

    Quote from Mr. Rajat Khandelwal, CEO of Tribeca Developers on today’s RBI Monetary Policy Meeting

    “The RBI’s decision to keep the repo rate unchanged at 6.50% for the seventh consecutive time underlines its support for the residential property sector, showing good sales momentum. The Gudi Padwa celebrations have doubled this year with an unchanged repo rate coupled with the offers from property developers will lead to increased investment in properties […]

    Finance

    Manipal Academy of BFSI & FPSB India joins hands

     Bengaluru – The Financial Planning Standards Board India (FPSB India), the Indian subsidiary of Financial Planning Standards Board Ltd. (FPSB Ltd.) and, home to over 2,731 CFP® professionals in India and part of a global network of more than 223,700 CFP professionals worldwide has signed a Memorandum of Understanding (MoU) with the Manipal Academy of […]

    Finance

    Quotes on MPC decision regarding Policy Repo Rate from ICRA and Union Mutual Fund

    1. Anil Gupta, Senior Vice President, Co Group Head – Financial Sector Ratings, ICRA Ltd  “Typically the savings deposits attract a lower outflow rate of 5% in the next 30 days while calculating the LCR. However the saving deposits mobilised through higher interest rate on saving accounts are not only interest sensitive but may also be […]

    Finance

    MPC Quote from Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company

    The Monetary policy was on expected lines on status quo on rates and no change in stance, the focus of the MPC to bring the inflation to 4% on a sustainable basis. The RBI Governor has stated that they will be nimble-footed with respect to liquidity. The GDP has been pegged at 7% for the […]

    Finance

    Quote on RBI Monetary Policy from Mr. Pankaj Kalra, CEO, EOGEPL

    “The announcement by the Reserve Bank of India to maintain the current key lending rates reflects a balanced approach considering the country’s rising GDP and well controlled inflation. The gradual phasing out of the measures aligns with the prevailing economic conditions. Projections for GDP growth in the upcoming fiscal year are promising, indicating positive developments. […]

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