India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion, RBI Data Reveals
India’s foreign exchange reserves declined by 8.7 billion dollars to 625.87 billion dollars in the week ending January 10, the…
Category: BANKING
RBI issues guideline for banks & Fin institutions on customer credit information
AMN The Reserve Bank of India (RBI) issued directions consolidating various guidelines for banks and financial institutions on reporting customer…
UPI transactions surge to record 16.73 bn in Dec: NPCI
National Payments Corporation of India (NPCI) has said that Unified Payments Interface (UPI) has processed nearly 16.73 billion financial transactions…
Abu Dhabi’s Mubadala Tops Global Sovereign Investments with $29.2 Billion in 2024
Mubadala Investment Company — a sovereign investor — manages a diverse portfolio of assets and investments in the United Arab…
India’s bank asset quality improves as GNPA declines to 2.6% in September 2024
The asset quality of India’s banks has improved further with their gross non-performing assets – GNPA declining to 2.6 per…
Indian banks’ profitability improves for 6th consecutive year
BIZ DESK The profitability of Indian banks improved for the sixth consecutive year in 2023-24 and their non-performing assets (NPAs)…
RBI sets up 8-member panel on ethical use of AI
AMN / WEB DESK\\ The Reserve Bank of India (RBI) has constituted a high-level expert panel to develop a framework…
NRI remittances surge to record 11.9 billion dollars in April to October, says RBI
WEB DESK Capital flow into Non-Resident Indian, NRI, deposit accounts surged 11.9 billion dollar in April-October during the current financial…
More than 54 cr zero-balance bank accounts opened under PMJDY
AMN Minister of State for Corporate Affairs Harsh Malhotra Friday said more than 54 crore zero-balance bank accounts have been…
Sanjay Malhotra Takes Charge as RBI Governor, Stresses Stability Amid Global Challenges
BIZ DESK RBI Governor Sanjay Malhotra today emphasised the importance of maintaining stability in a dynamic global environment marked by…