[ad_1] When consumers went on a spending spree using credit cards during the festival month of October 2023, card transactions spurted by Rs 36,000 crore to Rs 1.78 lakh crore…
Tag: Reserve Bank of India
Evaluating the Indian economy’s resilience
[ad_1] In view of its robust growth of 7.7 per cent during the first half of the current fiscal year, the Reserve Bank of India (RBI) has upgraded the full-year…
RBI imposes fines on Axis Bank, Manappuram Finance, Anand Rathi Global Finance
[ad_1] Meanwhile, the monetary fine on Manappuram Finance was slapped for non-compliance with certain provisions of the “Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company…
India’s retail inflation drops to 4.87% in October
[ad_1] In line with expectations, India’s headline inflation dropped to a five-month low of 4.87% in October 2023 from 5.02% in September 2023 on easing prices of some commodities and…
Indian govt pushes central bank digital currency amid crypto concerns
[ad_1] The government will promote a central bank digital currency (CBDC) as an innovative and cost-effective payment solution but it may not put to rest the Reserve Bank of India’s…