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"Brought economic reforms that reshaped India's future": Anurag Thakur con
Updated : 1 year, 2 months ago IST
"He was an RBI Governor, Finance Minister, and played a key role in bringing economic reforms that reshaped India's future. He was a calm and composed person. He used to give answers often in a poetic manner in Parliament. He was a good parliamentarian too," Anurag Thakur told ANI.
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RBI allows UPI access through prepaid payment instruments for full-KYC thi
Updated : 1 year, 2 months ago IST
This will enable PPI holders to make or receive UPI payments through the mobile application of third-party UPI applications.
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Personal Loans and Services Sector are key drivers of banks credit growth:
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted that bank credit growth in 2023-24 has been broad-based, with the personal loan and services sectors leading the expansion. This was followed by credit growth in agriculture and the industrial sectors, the report noted.
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RBI highlights NBFCs' high dependence on banks, calls for diversified fund
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy.
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India's growth outlook positive despite new uncertainties for global trade
Updated : 1 year, 2 months ago IST
As the world prepares to welcome a new year, fresh uncertainties have surfaced for global trade in the financial year 2026, according to the November monthly economic review by the Finance Ministry.
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Amit Shah, Mallikarjun Kharge condole demise of Manmohan Singh
Updated : 1 year, 2 months ago IST
Union Home Minister Amit Shah expressed grief over the demise of former Prime Minister Manmohan Singh saying that from being the Governor of the RBI to the Finance Minister and as the PM, Singh played an important role in the governance of the country.
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Banks' profitability increases for sixth consecutive year in 2023-24, cont
Updated : 1 year, 2 months ago IST
The asset quality of Banks have also improved, as per the apex bank report, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 per cent at March-end 2024 and 2.5 per cent at September-end 2024.
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RBI sets up 8-member committee to recommend framework for ethical AI in fi
Updated : 1 year, 2 months ago IST
Reserve Bank of India has set up an eight-member committee, comprising experts from diverse fields, to recommend a Framework for Responsible and Ethical Enablement of AI (FREE-AI) in the financial sector.
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Demand for work under MGNREGA remained low in 2024, suggests improved rura
Updated : 1 year, 2 months ago IST
The demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has remained subdued in most months of the current financial year, according to a report by the Reserve Bank of India (RBI).
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Gender budgeting share in total expenditure rises to 6.8% from 4.5% in 201
Updated : 1 year, 2 months ago IST
India has completed 20 years of implementing gender budgeting policies, with the share of the gender budget in the total expenditure rising to 6.8 per cent in 2024 from 4.5 per cent in 2014, according to a report by the Reserve Bank of India (RBI).
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Trump's policies could pose challenge to timing of RBI's rate cut: Report
Updated : 1 year, 2 months ago IST
The policy measures of the upcoming US President Donald Trump could pose challenges to the Reserve Bank of India's (RBI) plans for policy easing, says a report by Standard Chartered Bank.
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Indian economy is recovering from slowdown witnessed in July-September qua
Updated : 1 year, 2 months ago IST
High frequency indicators for the third quarter of 2024- 25 (October-December) indicate that the Indian economy is recovering from the slowdown in momentum witnessed in July-September, driven by strong festival activity and a sustained upswing in rural demand, Reserve Bank of India (RBI) sa
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