A record 75 basis point rate increase was announced on Thursday by the European Central Bank in an effort to tame runaway inflation, even as a recession now appears increasingly probable as...
The RBI has constructed a composite Digital Payments Index (DPI) with March 2018 as the base period to capture the extent of digitization of payments across the country. RBI-DPI will be published...
Recently, the RBI came out with Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index is a comprehensive index that incorporates details of the banking,...
Jammu and Kashmir Government had launched a new and innovative Market Linkage Scheme recently, known as PARVAZ. The scheme is for the development of agriculture and the benefit of farmers in Jammu...
SBI launched Utsav Deposit Scheme in 2009, during the Diwali festival, in collaboration with UTI (Unit Trust of India). This Scheme was meant to attract retail investors and allow them to invest...
The fever of Digitalization is coming up very strongly in India. The beauty is that today most people are supporting and accepting digital transactions.
The fresh wave of the Digital Era has...
National Credit Guarantee Trustee Company Limited (NCGTC) is a private company under the Companies Act 1956. The Department of Financial Services established it. It is a company that the Government of India...
In order to promote financial inclusion, Indian public sector banks plan to open approximately 300 physical branches by the end of 2022, according to PTI via Money Control.
"The new branches will...
Based on a report released by the Bank for International Settlements, a digital currency backed by a central bank would reduce the time and costs associated with making cross-border payments greatly.
The RBI...
In order to make priority sector lending a profitable business, Axis Bank, India's third largest private sector lender, plans to grow its PSL book systematically.
Munish Sharda, head of the bank’s Bharti banking...
