It will form the basis for setting rules for India's fast-growing digital lending sector
D Subbarao said the government's proposal to privatise some PSUs is not akin to selling family silver but it is a route for putting India on a sustain
Shaktikanta Das said upgradation of IT infrastructure and improving customer services together with cybersecurity measures are other key issues that a
Das also said that maintaining banking sector health with strong capital base and ethics-driven governance remains a policy priority
The government has decided to cancel its Rs 20,000 crore borrowing scheduled for March 26 on review of the position of cash balance, the RBI said
On the other hand, net foreign direct investment inflows jumped to $44 billion, till the end of January, up from $36.3 billion a year ago
The household savings plunged as the pandemic has led to tens of millions losing jobs and almost all forced to take deep pay-cuts, forcing them to bor
Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them
The decision was taken after a review of the current liquidity and financial conditions, the RBI said
Earlier this week, DHFL had announced Piramal Group's resolution plan getting approval from RBI