The Business Correspondent Resource Council has sought the setting up of infrastructure and equity funds to strengthen last-mile banking, citing NSFI goals and RBI findings
The rupee is down about 2.3 per cent so far this month and is headed for its worst monthly performance since September 2022
A decade of rapid growth gives way to partnerships, governance, and the contours of Fintech 2.0. Raghu Mohan weighs in
RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to reduce risk for Indian firms, not replace the dollar, and warns that stablecoins pose macro risks
The rupee slid to an intraday low of 92 per dollar amid dollar demand and FPI outflows, with RBI intervention preventing a breach of the key psychological level
Regulators must walk the tightrope to balance growth with stability
Despite a cumulative 125 basis point cut in the repo rate and record liquidity injections of about Rs 6.6 trillion during the current financial year, yields remained elevated
The framework also factors in decisions of the State Level Bankers' Committee (SLBC) and District Consultative Committee (DCC)
CCIL can re-apply for recognition; Esma in talks with Sebi, IFSCA for similar agreement
The proposed rules will kick in from April 1. The central bank has sought feedback from stakeholders and public until February 17
The RBI bought 3 trillion rupees of bonds during December-January, boosting the note-purchase tally for the fiscal year to a record 5.7 trillion rupees
RBI flags widening fiscal divergence as youthful states like Bihar and UP gain from workforce growth, while ageing Kerala and Tamil Nadu face rising pension and debt pressures
Nationally, the working-age population is expected to peak around 2031, but several states have already crossed that point
Trade deal with US could reverse the fortune of the Indian currency
As the banking landscape grows more complex, board oversight requires urgent finetuning. Expect Mint Road to tighten governance frameworks
RBI's Financial Inclusion Index needs greater transparency, granular data and a shift towards usage, quality and household financial well-being, says Indicus Foundation CEO Sumita Kale in an interview
The Centre's higher gross borrowing won't be a challenge in FY27, but the increasing size of state development loans is a concern
At $701 billion, reserves at 13-week high; shy of all-time high of $705 billion
Market participants said exporters are staying cautious as trade talks remain stalled, reducing dollar inflows
OMOs will involve the purchase of Government of India securities worth ₹1 trillion in two tranches of ₹50,000 crore each on February 5 and February 12