by AIP Online Bureau | Aug 8, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
Shaktikanta Das, Governor, Reserve Bank of India Resilient and steady economic growth in India is allowing the central bank to focus on bringing inflation down towards its 4% medium term target, said RBI Governor Shaktikanta Das, emphasising that price stability is...
by AIP Online Bureau | Aug 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender MUMBAI/NEW DELHI: The Reserve Bank of India(RBI) has completed its review of potential buyers for a...
by AIP Online Bureau | Jul 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said MUMBAI: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut...
by AIP Online Bureau | Jul 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Policy, Regulation, Wealth Management/ Philanthropy
“While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds” New...
by AIP Online Bureau | Jul 12, 2024 | Eco/Invest/Demography, Indian News
Michael D Patra,Deputy Governor,RBI “These gains need to be reflected in per capita income with two milestones – a per capita income level of USD 4516-14,005 to reach middle income country status, and beyond that level to attain the position of a developed...
