Read more at:https://economictimes.indiatimes.com/news/economy/finance/where-has-indias-73-billion-gone-inside-the-rbis-great-dollar-haul/articleshow/133501056.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/news/economy/finance/where-has-indias-73-billion-gone-inside-the-rbis-great-dollar-haul/articleshow/133501056.cms India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains
Category: RBI–Banks
Bank froze businessman’s account over income mismatch, now it is asked to pay Rs 50,000 compensation; HC explains why
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/bank-froze-businessmans-account-over-income-mismatch-now-it-is-asked-to-pay-rs-50000-compensation-hc-explains-why/articleshow/133393897.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Bank account holder to get Rs 50,000 as bank freezed the account on the ground of discrepancy in declared income and amount
RBI’s ‘calibration’ pays off as forex swap inflows hit $72.85 bn; FCNR(B) deposits do heavy lifting
https://www.financialexpress.com/business/rbis-calibration-pays-off-as-forex-swap-inflows-hit-72-85-bn-fcnrb-deposits-do-heavy-lifting-4323325/?ref=hometop_hp Foreign currency inflows mobilised under the Reserve Bank of India’s special dollar-rupee swap facility reached $72.85 billion as of August 21, the central bank’s
*****‘AI new way of running a bank’: RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Indian banks to embrace artificial intelligence (AI) as a major tool to transform lending, financial inclusion, customer service, operational efficiency
India is scanning more and withdrawing less as digital payments take over
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/india-is-scanning-more-and-withdrawing-less-as-digital-payments-take-over/articleshow/133132711.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst India’s payments network is shifting towards software-based channels, with UPI QR codes and online card transactions growing while ATMs and other hardware-based
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