Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that India's experience has provided an effective digitisation strategy for other central banks.
Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) on Wednesday said that the financial sector should leverage digitisation in credit delivery to help Micro, Small and Medium Enterprises (MSMEs).
During the meeting, the two sides discussed several topics to further advance collaboration in the fields of technology, AI, digitisation, and smart applications.
Recognising the impact of digitisation in the country, S&P Global Ratings said that the state-backed digital initiatives will underpin a tripling of Indian retail borrowing by 2030, lifting Indian households' debt to about USD 2.5 trillion or about 34 per cent of GDP.
"Rural farmers in India who never had a relationship with the banking system, are now able to transact all their businesses on their smartphone. They pay their bills, they receive payments for orders," Dennis Francis said.
Digitalization is influencing price levels through direct and indirect channels. Under the direct channel, digitalization is feeding into lower inflation rates through a decline in the prices of ICT-related goods. This has been observed in the post-pandemic period across both hardware and so
The Indian embassy in Muscat in association with the National Archives of India (NAI) successfully conducted a unique and pioneering initiative to archive historical documents of the Indian diaspora in Oman.
The discussions centred on identifying sectors of particular promise, with a focus on increased collaboration in digitisation, advanced technologies, AI and health-tech.
New Delhi [India], February 19: Renewing a car insurance policy should not be a headache-inducing process, especially in this age of digitisation and access to services. With the right approach and application of proper technique, you can make the policy renewal process seamless. Whether for
Bengaluru (Karnataka) [India], December 29: In the age of digitisation, India has grown massively when it comes to finding convenience and mobility with the help of apps. A recent report on the self-drive car rental industry published by Zoomcar, a leading marketplace for car sharing in emer
A focus on financial sector reforms aimed at creating stability, resilience and efficiency in the financial sector, and based on technology and digitisation, would contribute greatly towards stimulating inclusive growth and help India to emerge as a developed country by 2047, Dr Vivek Joshi,