by AIP Online Bureau | Dec 7, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News
“The MPC was of the view that further calibrated monetary policy action was warranted to keep inflation expectations anchored, break core inflation persistence and contain second round effects,” said Shaktikanta Das,governor, RBI The MPC lowered its GDP growth...
by AIP Online Bureau | Dec 3, 2022 | Banking & Bancassurance, Indian News, Regulation, Technology
“It’s a misconception to view Fintech entities as a possible replacement to banks,” he said, stressing that these modern age enterprises facilitate banking and are not a competition to banks in anyway. Mumbai: Speculation around fintechs replacing...
by AIP Online Bureau | Nov 12, 2022 | Eco/Invest/Demography, Indian News, Regulation
Shaktikanta Das,Governor,Reserve Bank of India “We expect the October number which will be released on Monday to be lower than 7 per cent. Inflation is a matter of concern with which we are now dealing and dealing effectively,” he said. New Delhi: Terming price rise...
by AIP Online Bureau | Nov 7, 2022 | Banking & Bancassurance, Indian News
Considering the large customer base of microfinance at 6 crore borrowers, microfinance, Deputy Governor M. Rajeshwar Rao said, has emerged as one of the most important tools to foster financial inclusion Mumbai: Customer protection lies at core of microfinance...
by AIP Online Bureau | Nov 7, 2022 | Data, Eco/Invest/Demography, Technology
In a recent note, economists at SBI had said the currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, which was the first such decline in nearly two decades if one were to exclude the 2009 festivities, which saw a marginal dip due to the global...
