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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI to cut repo rate by 25 bps on August 2: HSBC

According to the global financial services major inflation in India has fallen dramatically.

27 July 2017 1:42 PM IST

$Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.$ Business

GST to add 40 bps to growth rate; won't stoke inflation: HSBC

New GST regime is expected to make the Reserve Bank of India more relaxed about lingering inflation fears.

24 May 2017 3:36 PM IST

According to the global financial services major, activity data across manufacturing and services as well as consumption and investment have clearly taken a hit after November 8, 2016, when the government announced scrapping old 500/1,000 rupee notes.

Business

HSBC reports slump in GDP in December

Post March quarter, the economic growth is expected to normalis towards 7 per cent.

5 Jan 2017 4:11 PM IST

Business

Indian economic growth to remain flat

According to HSBC report growth is expected to remain flat at 7.1 per cent in current fiscal.

4 Jun 2017 11:36 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Business

RBI had its 'carpe diem' moment on Apr 6: HSBC

Pushing up the reverse repo rate is expected to raise these and bring back some normalcy.

12 April 2017 7:42 PM IST

Business

RBI likely to focus on excess liquidity management: HSBC

The RBI could use the policy day to outline a mix of measures to absorb excess liquidity.

5 April 2017 7:37 PM IST

Business

India growth unchanged at 7.1 per cent in 2017-18:HSBC

According to the global financial services major HSBC, output gap in the country is likely to remain negative for longer...

8 Jun 2017 3:57 PM IST

The uptick in the growth numbers would be largely driven by the remonetisation process which is expected by April end as this in turn would boost the consumption levels in the country.

Business

HSBC reports India GDP to grow at in 2017-18

The report states that India is expected to clock a GDP growth of 7.1 per cent.

2 Feb 2017 1:07 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

Business

MPC minutes reveal a strong case for rate cut in August: Analysts

Earlier this month, the RBI in its MPC meet had left the key repo rate unchanged at 6.25 per cent.

22 Jun 2017 1:31 PM IST

Whilst the USD value of global merchandise exports has probably contracted by about 3 per cent this year, cross-border sales of services

Business

Services to form 25 pc of global trade by 2030: HSBC

The value of global goods exports is expected to recover gradually to expand by 3 per cent in 2017 and then 6 per cent a...

18 Dec 2016 11:15 AM IST

Business

CPI inflation to remain low, reports HSBC

Inflation is likely to remain well below 5 per cent over the first half of 2017.

15 Dec 2016 1:04 PM IST