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IMF revises India’s GDP forecast upwards on better demand
The multilateral funding agency stated that the country’s economy could grow by 6.7% in FY24 – a good 40 basis points higher than the 6.3% predict
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Dynamics of India's Home Buying Market
Consumer preferences and behaviors have transformed due to a multitude of factors, including economic circumstances, advancements in technology, and s
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Credits cards in use just short of 100 million
In the calendar year 2023, the country witnessed the inclusion of 16.71 million new credit cards, marking a significant upswing from the 12.24 million
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RBI, Govt working on CBDC for payments abroad
CBDC is being issued in the same denominations as the paper currency and coins and is being distributed through banks
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What’s ailing HDFC Bank’s interest margin?
While the bank's profit exceeded market expectations, the Net Interest Income (NII), representing the pure interest income figures, disappointed
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RBI guv lashes out at crypto assets at WEF in Davos
Das said that instruments that lack any underlying value pose big risks for emerging market economies
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RBI issues draft paper for fintech SRO
RBI said that fintech companies should set up a self-regulatory organisation which will work towards ensuring statutory and regulatory compliance for
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About 250m Indians pulled out of poverty
India achieved a prominent decline in multidimensional poverty index since 2013-14. While the index stood at 29.17% in 2013-14 it declined to 11.28% i
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FASTags without KYC to become defunct from Jan 31
State-owned NHAI on Monday said FASTags with valid balance but with incomplete KYC will get deactivated by banks post January 31, 2024. To enhance eff
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Bank deposits cross Rs 200 lakh crore, four times the MF AUM
RBI data showed bank deposits reached Rs 200.8 lakh crore as of December 29, 2023, marking a rise of 13.2% from the corresponding period a year earlie
