The finance ministry along with Reserve Financial institution held a gathering with varied stakeholders, together with state authorities consultant to deliberate on methods to scale up Unified Lending Interface (ULI). ULI is a brand new digital public infrastructure (DPI) designed to streamline the lending course of, just like UPI within the cost house. It’s a…
That is an AI-generated picture, used for representational functions solely. In a concerted push to sort out the rising wave of digital fee frauds, main private and non-private sector banks are collaborating with the Reserve Financial institution of India (RBI) to develop a Digital Fee Intelligence Platform (DPIP), a brand new Digital Public Infrastructure geared…
A gold pledging transaction in progress within the metropolis of Kochi. File photograph | Picture Credit score: The Hindu The Reserve Financial institution of India (RBI) has determined to extend the mortgage to worth (LTV) quantity for small gold loans of as much as ₹2.5 lakh from one borrower from 75% to 85% together with…
Final Up to date:June 02, 2025, 21:51 IST The Modi authorities has touted UPI as a serious achievement, however Congress claims digitisation led to Rs 6.36 lakh crore in fraud The Congress has renewed its assault on the Centre and alleged that digitisation has robbed individuals of their hard-earned cash. (Picture for illustration: News18) Digitisation…
Indian authorities bond yields declined at first of the week, through which the central financial institution is predicted to ship yet one more minimize in its key coverage price, after wild upswings on Friday following shocking progress knowledge. The yield on the benchmark 10-year bond was at 6.2132% as of 10:00 a.m. IST, in contrast…
Foreign exchange Reserves (AI picture) India’s international change reserves elevated by $6.992 billion, reaching $692.721 billion for the week ended Might 23, in response to the RBI’s Friday announcement. The general reserves had beforehand declined by $4.888 billion to $685.729 billion within the week ended Might 16. The reserves had achieved their highest degree of…
At the same time as India has overtaken many nations by way of the dimensions of the financial system over the previous decade, the per capita revenue in India stays very low. As was extensively anticipated, the Indian financial system grew by 6.5 per cent in actual phrases within the just lately concluded monetary 12…
“If it comes true, then we’re in for one more 12 months of fine agriculture, low meals inflation and on high of that we even have crude costs coming down which is one other luck issue, we don’t management it. So, these two issues are bit constructive for progress and they’re additionally constructive for inflation…
Remittances have lengthy performed a quiet however essential function in India’s exterior sector stability, however when it comes to coverage consideration, they’ve typically been overshadowed by indicators reminiscent of overseas direct funding (FDI) and commerce flows. But the newest knowledge from the Reserve Financial institution of India (RBI)’s Sixth Spherical of India’s Remittances Survey, launched…
A latest report confirmed that Indian corporates are planning fewer investments on this monetary 12 months (2025) as in comparison with final 12 months. | Picture Credit score: The Hindu Whilst Indian corporations flip “cautious” on investing inside the nation, and the worldwide financial state of affairs stays unsure, the elevated outward overseas direct funding…
