by AIP Online Bureau | Oct 6, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation
Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
by AIP Online Bureau | Oct 5, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Indian News, Technology
The UDGAM portal has been developed by RBI for use by members of the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place Mumbai: The Reserve Bank of India (RBI) has brought 30 banks on board its...
by AIP Online Bureau | Sep 30, 2023 | Banking & Bancassurance, Indian News, Regulation
The central bank said that from October 8, Rs 2000 banknotes can continue to be exchanged by individuals at the 19 RBI Issue Offices up to a limit of Rs 20,000 at a time Mumbai: The Reserve Bank of India(RBI) on Saturday said that the deadline for deposit/exchange of...
by AIP Online Bureau | Sep 22, 2023 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
A key driver in this transformation is likely to be the window of a demographic dividend that opened up in 2018 and will probably last till the 2040s, going by fertility and mortality rates,” Reserve Bank Deputy Governor Michael D Patra said Mumbai: India will...
by AIP Online Bureau | Sep 20, 2023 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Net inflows into life insurance funds and small savings increased by 15 per cent and 7.5 per cent, respectively. Household investments in mutual funds (MFs) reached a record Rs 1.8 trillion during financial year 2023 (FY23), largely driven by strong inflows through...
