Bank frauds in H1 FY25 surge eightfold to Rs 21,367 Crore: RBI
The figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during the same period in FY24.
Read MoreThe figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during the same period in FY24.
Read MoreIndia’s banking system liquidity deficit is projected to further expand in the next quarter due to tax outflows and the central bank’s forex interventions, despite recent measures like the cash reserve ratio cut. Market participants suggest additional durable liquidity injections…
Read MoreIndia’s government partly blames the central bank’s tight monetary policy for weak economic performance. They expect growth to improve in the second half of the fiscal year as demand increases and restrictive measures ease. The central bank may cut interest…
Read MoreAs the world prepares to welcome a new year, fresh uncertainties have surfaced for global trade in the financial year 2026, according to the November monthly economic review by the Finance Ministry.
Read MoreIndia’s economic growth post-liberalization cannot be hailed without recognizing the significant contribution of former Prime Minister Dr. Manmohan Singh. His journey began long before he assumed charge as the 13th Prime Minister of the country.
Read MoreThe regulator has asked banks to implement the integration through straight-through processing (STP), and to facilitate this, the deadline for regulated entities to streamline their compliance functions has been extended to April 2025. “Lenders had requested the RBI to extend…
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