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IMF Boosts India’s Growth Forecast Amidst Global Economic Challenges
The growth estimate for India has been revised upward by the International Monetary Fund (IMF), which now projects a 7% expansion for the fiscal year
Indian Banks Acknowledge Climate Change As Their Biggest Threat
The Reserve Bank of India (RBI) recently released its semi-annual financial stability report, highlighting an important yet often overlooked threat to the country’s financial system:
India’s Innovation Engine: Daily Capsule Keeps You Updated
In today’s fast-paced world, staying informed about India’s vibrant startup ecosystem can be a challenge. But fear not, the Daily Capsule is here to keep
Banks Struggle With New Trai Mandate On Digital Consent
The Telecom Regulatory Authority of India (Trai) has just implemented new requirements that banks in India must comply with. These regulations mandate digital consent for
ATM Operators Seek Rs 2 Increase in Interchange Fee for Viability
Mumbai: The National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) have been contacted by the Confederation of ATM Industry (CATMI),
M2P Fintech and Bureau Forge Alliance to Combat Rising Fraud Cases
Due to the notable increase in fraudulent activity occurring within the banking system, M2P Fintech and Bureau have partnered to put strong fraud protection mechanisms
Indian Banks ask RBI to Ease Liquidity Rules to Boost Lending
In an effort to increase lending, Indian banks are pleading with the Reserve Bank of India (RBI) to loosen the present liquidity coverage ratio (LCR)
Finance Minister Sitharaman: IBC Rescues Over 3,000 Distressed Companies in Eight Years
Since its establishment eight years ago, the Insolvency and Bankruptcy Code (IBC) has effectively saved 3,171 troubled enterprises and permitted the closure of unviable firms,
RBI Restricts Edelweiss Group Businesses Over Regulatory Concerns
Two businesses in the Edelweiss Group, Edelweiss Asset Reconstruction Company Limited (EARCL) and ECL Finance Ltd. (ECL), are subject to major business limitations from the
European Banks Seek RBI Nod for Innovative Clearing Model in Indian Market
The Reserve Bank of India (RBI), the central bank of India, is being approached by a consortium of four prominent European banks for approval of