by AIP Online Bureau | May 18, 2022 | Banking & Bancassurance, Indian News
The Reserve Bank had received 11 applications to set up bank under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks The co-founder of e-commerce company Flipkart Sachin Bansal had acquired a majority stake in Chaitanya in...
by AIP Online Bureau | May 15, 2022 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
Pointing out that cryptocurrencies have the potential to be a medium of exchange and replace the rupee in financial transactions both domestic and cross border, central bank officials said these currencies “can replace a part of monetary system it will also...
by AIP Online Bureau | May 15, 2022 | Banking & Bancassurance, Indian News, Regulation
According to the RBI data on frauds reported by PSBs in all categories during FY22, the highest amount of Rs 9,528.95 crore was reported by the city-based Punjab National Bank (PNB), involving 431 such incidents The country’s largest lender State Bank of India...
by AIP Online Bureau | May 4, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy
Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee (MPC) will retain its accommodative monetary policy stance at a time when globally inflation is rising alarmingly even as investment activity is showing some traction in the country...
by AIP Online Bureau | Apr 29, 2022 | Eco/Invest/Demography, Health, Pandemic, Policy
The output losses for individual years have been worked out to Rs 19.1 lakh crore, Rs 17.1 lakh crore and Rs 16.4 lakh crore for 2020-21, 2021-22 and 2022-23, respectively Mumbai: The Indian economy is likely to take over 12 years to overcome the COVID-19 losses,...
