On Friday, the finance ministry asked state banks to further increase credit penetration in all 112 desirable districts across the country and ensure that all...
The Goods and Services Tax (GST) collections rose by 15% to Rs 1.49 lakh crore in December 2022, demonstrating enhanced manufacturing output with consumer demand,...
On December 30, RBI Governor Shaktikanta Das launched Utkarsh 2.0, the second phase of the central bank’s medium-term strategy to strengthen the regulatory regime. “Utkarsh...
The Reserve Bank of India is working on alternative arrangements for banks whose local business would be hit if European market regulators withdrew their recognition...
Securitisation is the conversion of assets, primarily loans, into securities, usually by selling them to other lenders to raise cash. Hence, in India, securitisation is...
The Reserve Bank of India‘s foreign exchange reserves increased by $2.9 billion, i.e. worth $564.07 billion, on December 9. This is the fifth repeated week...
The Reserve Bank of India (RBI) has submitted reports on breaches of its inflation target for three consecutive quarters. Still, the reports cannot be made...