Tag: RBI
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Money in digital accounts pose higher flight risk, says RBI
MUMBAI: RBI's new norms will now categorise money in digital accounts as 'hot money' with a higher flight risk. This decision was made in...
‘India can be world’s 2nd largest economy in just 7 years & world’s largest by…’: RBI deputy governor makes big prediction
India can be the world’s second largest economy soon? RBI deputy governor Michael Patra says that it is “possible to imagine India striking out...
Explained: What are RBI’s new rules for credit card bill payments via Bharat Bill Payment System?
RBI mandates new credit card bill payment system: Starting July 1, the Reserve Bank of India (RBI) has mandated that all banks process credit...
India’s forex reserves declines to $652 billion: RBI
NEW DELHI: India's foreign exchange reserves declined by $1.7 billion to $652 billion, in the week ending June 28, coinciding with the inclusion of...
Card dues & gold loans beat bank credit growth of 20%
MUMBAI: For banks, credit card outstanding and gold loans remain outliers in growth. The segments recorded a year-on-year increase of 26.2% and 29.7% respectively...
