The NITI Aayog has suggested including electric vehicles in the priority sector of lending guidelines of RBI. This will give a push to retail lending of electric vehicles....
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021...
The retail inflation in India increased to 5.59% in December 2021. This is the highest in the last five months. The inflation data was released by the Ministry...
The Reserve Bank of India (RBI) released its “Annual Report of the Ombudsman Schemes for the year 2020-21”, highlighting a rise in Banking Ombudsman complaints. Key Findings of...
Urjit Patel served as the 24th Governor of RBI (Reserve Bank of India). He was recently appointed as the Vice President of Asian Infrastructure Investment Bank. Urjit Patel...
The Reserve Bank of India (RBI) set up an internal “FinTech department” for focusing on the dynamically changing financial landscape in India. When was this department set up?...
As per Reserve Bank of India (RBI), State Bank of India (SBI), HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), similar...
The Reserve Bank of India (RBI) released its Financial Stability Report on December 29, 2021. Key Points According to the report, stress tests have revealed that gross non-performing...
Reserve Bank of India (RBI) recently extended the deadline for complying with the card information storage rules by another six months. Key Facts Deadline was extended because merchants...
Reserve Bank of India (RBI) has brought non-banking finance companies (NBFCs) under the ambit of prompt corrective action (PCA) framework. Key Points Under the PCA framework, NBFCs will...
