MUMBAI, Aug 20 (Reuters) – Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the RBI (Reserve Bank of India) said on Tuesday. “Young Indians are aspirational. They
Mumbai, Mar 6 (PTI) RBI has directed banks to provide their eligible customers with an option to choose from multiple card networks at the time of issuing credit or debit cards, a move which will benefit card users. The central bank also
MUMBAI/BENGALURU, March 1 (Reuters) – Payments firm Paytm, opens new tab on Friday cut some ties with its payments bank unit, which India’s banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a
MUMBAI, Feb 8 (Reuters) – India’s key rate was left unchanged for a sixth straight meeting on Thursday, in line with expectations, as inflation remained above the RBI (Reserve Bank of India) 4% medium-term target while economic growth continued to be resilient.
