Private Banks Witness Growth in Deposit Mobilization

the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

Private Banks Witness Growth in Deposit Mobilization In a change from the past, deposits at many private sector banks are now growing faster than loans. According to preliminary data provided by the seven largest private sector banks, deposit growth has been faster than credit growth over the last three months of fiscal year 24. The… Continue reading Private Banks Witness Growth in Deposit Mobilization

RBI: Government Expands e-Rupee Distribution to Boost Retail Usage

Contactless and cashless payment through qr code and mobile banking

RBI: Government Expands e-Rupee Distribution to Boost Retail Usage In order to make the e-rupee easier for regular people to use, the Reserve Bank of India (RBI) said on Friday that it would work with non-bank payment system owners, such as third-party payment app providers. The RBI tested its distributed-ledger-based central bank digital currency (CBDC)… Continue reading RBI: Government Expands e-Rupee Distribution to Boost Retail Usage

RBI Lowers FY25 Inflation Forecast by Quarter, Holds key rate steady

RBI Lowers FY25 Inflation Forecast by Quarter, Holds key rate steady It was announced on Friday that the RBI’s Monetary Policy Committee (MPC) would lower its inflation estimate for the first, second, and fourth quarters of Financial Year 2024-25 (FY25). This means that inflation will be lower than the central bank’s goal of 4% in… Continue reading RBI Lowers FY25 Inflation Forecast by Quarter, Holds key rate steady