Search For "rbi"
Indian household debt rising but relatively low compared to other emerging
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs).
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Net claims of non-residents on India decline USD 19.8 billion during July-
Updated : 1 year, 2 months ago IST
Net claims of non-residents on India refers to the difference between the assets and liabilities held by non-residents in India. As per reports, it indicates the overall financial position or exposure that entities/individuals outside India have in terms of claims (assets) on the country.
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Slump in India's forex reserves continue; declined USD 8.5 billion
Updated : 1 year, 2 months ago IST
India's forex reserves have slumped eleven out of the past 12 weeks, hitting a new multi-month low.
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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, 3 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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