How UPI Is Changing the Banking System in India
In just a few years, India’s banking and payments landscape has been transformed. At the heart of this transformation lies UPI (Unified Payments Interface), which...
Tag : Banking system
RBI Sells Bonds for 11th week, Longest Streak in Nearly Three Years
Data published on Friday indicated that the RBI sold bonds worth 11.95 billion rupees (about USD 161.85 million) in the week ending September 20, bringing...
Banks Need $70 Billion More to Support Aim of $5 Trillion Economy, Says SBI Chairman
Banks may need to be capitalised at present. Still, they would need additional capital of $70 billion ( Rs 5.3 trillion) to support India’s ambitions...
RBI Announces Fresh OMO Purchase of Govt Securities
To maintain the financial stability in the wake of coronavirus outbreak, Reserve Bank of India (RBI) today said that it will open market operation on March...
The Banking system is dominated by Public sector banks, says RBI
According to a latest report of Reserve Bank of India, the government owned lenders are the dominating players in the banking system accounting for 73...