At lower income levels, households tend to favour physical assets, viewing them as safer stores of value. As incomes grow and financial systems mature, there is a gradual diversification into financial assets, which generally offer greater liquidity and, in some cases, higher returns.
On the 11-year completion of the Pradhan Mantri Jan Dhan Yojana (PMJDY), Uttarakhand Chief Minister Pushkar Singh Dhami on Wednesday emphasised how India's economy has progressed over the years and how crores of citizens have been connected to the financial system.
As BRICS+ economies deepen collaboration to reshape the global financial system, three key institutional initiatives: the cross-border payments platform, the New Development Bank (NDB), and the BRICS Contingent Reserve Arrangement (CRA) are gaining strategic momentum, according to the EY Ec
Hyderabad (Telangana) [India], July 25: Recent insights from Nadcab Labs, a prominent Blockchain Development Company, reveal a marked increase in blockchain adoption among government agencies and leading fintech firms over the past year. This surge is driven by growing concerns around data s
As India and the UK formally signed the Free Trade Agreement (FTA), NSE CEO Ashish Chauhan highlighted how the partnership combines India's strength in high-tech financial systems with the UK's expertise in financial structuring and long-term fund management.
Stating that he had a very "meaningful" discussion with the RBI Governor, Mahtab informed that a wide range of information on the economic situation and the financial system of the country was discussed during the meeting.
BRICS member nations have called on advanced economies and the international financial system to provide "substantial" finance for climate mitigation in developing economies.
This year, the Reserve Bank of India (RBI) slashed policy rates by 100 basis points and cut CRR by 100 basis points, thereby injecting significant liquidity into the financial system.
The Reserve Bank of India (RBI) will continue to undertake liquidity management operations to ensure adequate liquidity in the financial system, especially for the productive sectors of the economy, RBI said on Thursday in its annual report.
Reserve Bank of India (RBI) Governor Sanjay Malhotra raised concerns on Wednesday over threats from money laundering and terror financing to the national and global financial systems, which are continuously evolving and becoming more sophisticated.
As global markets react to uncertainty surrounding tariffs and economic policies under the Trump administration, India's financial system is feeling indirect effects, particularly through currency fluctuations and liquidity conditions.
New Delhi [India], February 28: The Indian Finance Minister's budget announced a comprehensive initiative to extend formal recognition and social security benefits to platform-based gig workers by providing their ID cards with registration on the e-Shram portal. This marks a significant step