As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) convened for its first meeting of 2024 following the interim budget, expectations are high regarding the decisions that will shape the financial landscape of the year. The meeting, critical for setting the course of India’s monetary policy, is anticipated to maintain the status quo … Read more
The Reserve Bank of India (RBI) has recently implemented significant changes to the credit concentration risk norms for non-banking finance companies (NBFCs), specifically targeting those in the middle layer (ML) and base layer (BL). These adjustments aim to align the regulations for these entities with their larger counterparts, known as upper layer (UL) NBFCs. As … Read more
The 2024 outlook for the Indian banking sector is robust and healthy with the Reserve Bank of India (RBI) hitting the pause button on the policy rate revision, satisfactory capital levels, loan loss provisions, and softening retail inflation, Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers has said. Hajra also … Read more
The Evolution of Digital Payments in India: Embracing the New RBI UPI Transaction Limits India stands as a unique example in the global arena for its swift and efficient digital payment system, primarily powered by the Unified Payments Interface (UPI). This innovative platform has revolutionized the way financial transactions are conducted, offering unparalleled convenience and … Read more