UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volum..

Over 72% of withdrawn Rs 2,000 notes return to banks: Report

Over 72% of withdrawn Rs 2,000 notes return to banks: Report

A month after the Reserve Bank of India (RBI) started the process of withdrawal of Rs 2,000 notes, o..

Inflation slowing down personal consumption, holding back private capex

Inflation slowing down personal consumption, holding back private capex

A slowdown in personal consumption expenditure, driven by inflation, is moderating corporate sales a..

RBI fines three banks

RBI fines three banks

The Reserve Bank of India (RBI) on Friday penalised three banks, including Axis Bank, Bank of Mahara..

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

Monetary policy ‘dangerously close’ to damaging the economy: MPC member Varma

Monetary policy ‘dangerously close’ to damaging the economy: MPC member Varma

India’s economic recovery could be impacted by further interest rate tightening, a member of the mon..

Compromise settlement with wilful defaulters not new, says RBI

Compromise settlement with wilful defaulters not new, says RBI

The Reserve Bank of India (RBI) has clarified that a compromise settlement with wilful defaulters is..

Madhivanan Balakrishnan appointed ED of IDFC First Bank

Madhivanan Balakrishnan appointed ED of IDFC First Bank

Madhivanan Balakrishnan has been elevated to the position of executive director and chief operating ..

Union Bank of India, IIT Varanasi sign Mou to set up joint incubation centre

Union Bank of India, IIT Varanasi sign Mou to set up joint incubation centre

Union Bank of India has signed an MoU with IIT (BHU) Varanasi to set up a joint incubation centre.Th..

SBI MD Swaminathan Janakiraman appointed RBI deputy governor

SBI MD Swaminathan Janakiraman appointed RBI deputy governor

The union government has appointed SBI managing director Swaminathan Janakiraman as a deputy governo..

Bank of Maharashtra pays highest-ever dividend to government

Bank of Maharashtra pays highest-ever dividend to government

State-owned Bank of Maharashtra (BoM) on Tuesday presented a dividend cheque of Rs 795.94 crore for ..

Challenges in moving from pause to interest-rate cuts

Challenges in moving from pause to interest-rate cuts

Are we headed for an interest rate reversal with the Reserve Bank of India (RBI) pressing the pause ..

Why compromise settlement with wilful defaulters is being opposed

Why compromise settlement with wilful defaulters is being opposed

The Reserve Bank of India’s (RBI) decision to allow wilful defaulters and loan accounts involved in ..

Inflation eases to 25-month low

Inflation eases to 25-month low

India’s retail inflation eased sharply to a 25-month low of 4.25% and falling below the Reserve Bank..

SBI plans to raise Rs 50,000 cr in FY24 via debt

SBI plans to raise Rs 50,000 cr in FY24 via debt

State Bank of India will raise up to Rs 50,000 crore via debt instruments from Indian as well as ove..