The Deposit Insurance and Credit Guarantee Corporation (DICGC) has released the list of 21 banks; amount capped at Rs 5 lakh/deposit.
The Internal Working Group of the RBI submitted its report on issuing banking licences to corporate houses in November last year
The economic recovery from the ravages of the Covid-19 pandemic has been fuelled by improvement on the supply side and industrial activities.
The state-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018
Assessment of claims at other distressed banks is also being carried out
Indian bond market saw an inflow of only $450 in the first seven months of the year
The stress build-up due to Covid-19 and the mitigation measures for continued resilience of books of SFBs also formed part of the discussion
Reserve Bank governor Shaktikanta Das underlined the need for closely monitoring the price situation with a view to anchoring inflation expectations
The forex kitty had increased by $889 million to a lifetime high of $621.464 billion in the previous reporting week
The currency in circulation in India has already reached a large level of Rs 29.6 trillion and any increase from that level will be nominal.