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The bad loan ratio could rise to 5 per cent and 5.3 per cent under two separate high-risk scenarios
This facility will allow users to view and verify the name of the beneficiary before initiating a transaction, similar to the existing feature on India's real-time payment systems
The survey, conducted in November 2024, included responses from 12 state-owned banks and 19 private sector banks to assess the adoption of emerging technologies
Earlier, the RBI had warned that some NBFCs, including MFIs, were adopting a "growth-at-any-cost" approach and cautioned that regulatory action would be taken if necessary
The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy
The RBI noted that first defaults are predominantly observed in unsecured advances
Is Bank Holiday 1st Jan 2025: Banks across the country are expected to remain closed on January 1 due to the New Year celebration. However, online banking services will remain active
The rupee's one-month implied volatility versus the greenback rose to as much as 4.09 per cent, the highest since August 2023
The rupee's overvaluation relative to its trading partners makes India's exports more expensive. This is the most overvalued the rupee has been since 2004, RBI data showed
Singh's term as Prime Minister also witnessed several landmark decisions which, in a way, were built on the foundation he laid as finance minister
Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex
There are at least four important regulations awaiting the commercial banks that could impact their growth and profitability
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI) said
Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds
The data has been sourced from 34 FACE members lending to customers through their non-banking financial companies (NBFCs) in partnership with other regulated entities
Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985
Rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday
In April - September period of FY24, while there were 14,480 incidences of frauds, the amount involved was only Rs 2,623 crore
Indian fund houses have cumulatively hit the investment ceiling set by the Reserve Bank of India (RBI): $7 billion for overseas mutual fund (MF) investments
The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)