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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

BFSI

Government and RBI Urge Banks to Enhance Deposit Mobilization Amid Concerns Over Credit-Deposit Growth Gap

News Desk -
In a joint appeal, the Indian government and the Reserve Bank of India (RBI) have urged banks to intensify their efforts in deposit mobilization,...
Article

RBI’s Proposed Delegated Payments Feature on UPI Receives Industry Applause

News Desk -
In a move poised to revolutionize the digital payments landscape in India, the Reserve Bank of India (RBI) has proposed the introduction of Delegated...
News

RBI Constitutes Expert Committee on Benchmarking of Statistics

News Desk -
The Reserve Bank of India (RBI) has announced the formation of an Expert Committee on Benchmarking its Statistics, to be led by Deputy Governor...
BFSI

RBI Keeps Repo Rate Unchanged at 6.5%, EMIs to Remain Steady

News Desk -
In its latest monetary policy decision, the Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the ninth consecutive...
BFSI

RBI Raises UPI Transaction Limit for Tax Payments to ₹5 Lakh

News Desk -
In a move to further ease digital payments, Reserve Bank of India (RBI) Governor Shaktikanta Das announced an increase in the transaction limit for...
BFSI

NPCI Records Nearly ₹10,000 crore Credit Disbursed a Month via UPI

News Desk -
The National Payments Corporation of India (NPCI) has recorded a surge in the UPI platform's credit feature, with about ₹10,000 crore of transactions happening a month, a...
BFSI

Challa Sreenivasulu Setty Designated as Chairman, Rana Ashutosh Kumar Singh as MD at SBI

News Desk -
The Appointments Committee of the Cabinet (ACC) approved Challa Sreenivasulu Setty's appointment as the next chairman of the State Bank of India (SBI) on...
BFSI

Five Payment Firms Set to Join RBI’s Digital Currency Pilot Program

News Desk -
Major payment firms, including PhonePe, GooglePay, and AmazonPay, are gearing up to join the Reserve Bank of India's (RBI) digital currency pilot program, according...
News

RBI Re-Approves Inderjit Camotra and Govind Singh as MDs and CEOs of Unity SFB and Utkarsh SFB

News Desk -
The Reserve Bank of India (RBI) has reaffirmed its confidence in the leadership of Inderjit Camotra and Govind Singh by re-approving their appointments as...
BFSI

RBI Expected to Maintain Repo Rate at 6.5%

News Desk -
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) is anticipated to keep the repo rate, the key policy rate, unchanged at...
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