Digital Transformation
The volume of total payments increased by 63.8% between 2021-22, up from 26.6% in 2020-21, with digital payments accounting for 99% of total payments....
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The volume of total payments increased by 63.8% between 2021-22, up from 26.6% in 2020-21, with digital payments accounting for 99% of total payments....
DBUs enable paperless, cost-effective, secure banking: A number of banks, in sync with the government’s initiative to deepen financial inclusion, have come out with...
Bank credit growth (y/y) accelerated further to 18% in September 2022 as compared with 14% a quarter ago and 5.8% a year ago, states...
The fraud reporting module is being migrated to DAKSH – the Reserve Bank’s Advanced Supervisory Monitoring System – to streamline reporting, enhance efficiency, and...
RBI Governor Shaktikanta Das held a meeting with select FinTech entities (including AgriTechs) and their associations on Wednesday. In his introductory remarks, Das stated that...
Resident entities in India are currently not permitted to hedge their exposure to gold price risk in overseas markets. With a view to providing...
The RBI‘s decision to raise the lending rate by 35 basis points has been welcomed by most economists and BFSI stakeholders, who anticipate another...
The UPI has emerged as the most popular retail payment system in India. The capabilities in UPI will be further enhanced by introducing single-block-and-multiple-debits...
The average total absorption under the liquidity adjustment facility (LAF) was 1.4 trillion in October-November, down from 2.2 trillion in August-September. Liquidity conditions are...
On the expected lines, the Reserve Bank of India’s Monetary Policy Committee has increased the policy repo rate by 35 basis points to 6.25%. This...