RBI DATA

RBI data showed surge in employment during pandemic year despite GDP contraction. Agriculture, construction, and health sectors lead the way with millions of new jobs. PM Modi claims 80 million jobs created, silencing critics. Debate rages on as exp...

Following recent elections, increased government spending has injected liquidity into India's banking system, resulting in lower overnight borrowing rates, Treasury Bill yields, and short-term financing costs for Indian companies. Despite these deve...

Bank credit grew 14% while deposits grew 11% year-on-year, highlighting concerns over asset-liability mismatches. RBI emphasizes the need for banks to address the gap. Governor stresses the importance of maintaining a balance between assets and liab...

Significantly the growth in deposits as well as credit was lower than the year ago period reflecting a slowdown in economic activity due to the uncertainty on the economic outlook because of the Lok Sabha elections. Year-on-year credit and deposit g...

India's foreign exchange reserves reached a record high of $657.16 billion as of July 5, marking a significant increase of $5.16 billion from the previous week. This surge was driven by a rise in Foreign Currency Assets (FCAs), which grew by $42.29 ...

Union Minister Piyush Goyal says, "Yesterday, the report released by Reserve Bank of India on generation of employment in India reflects that how, under the leadership of PM Narendra Modi, India has successfully swiftly generated new jobs, new emplo...

The latest SBI Research Ecowrap report highlights that the Reserve Bank of India's KLEMS data and the Annual Survey of Unincorporated Sector Enterprises (ASUSE) employment numbers from the government closely align. According to the report, the RBI's...

RBI emphasizes the importance of CFOs guarding against fraudulent transactions and misuse of internal accounts. Auditors advised to enhance cybersecurity measures and scrutinize business decisions. Future audit expectations include addressing climat...

The employment growth rate for the fastest growing major economy stood at 6% in FY24 against 3.2% in the preceding fiscal, the central bank said Monday in a report on measuring productivity on industry level.

Hyderabad-based Star Finserv India was offering the service under 'Progcap' (owned and operated by Desiderata Impact Ventures Private Limited). Polytex India, headquartered in Mumbai, was providing services under the 'Z2P' mobile application (owned ...

According to a recent report by the Reserve Bank of India, India has provisionally created 46.7 million jobs in the fiscal year 2023/24, bringing the total employment in the country to 643.3 million. This marks a significant growth in employment as ...

Incremental loans increased Rs 2.79 lakh crore or 1.7 % this fiscal year up to June 14 compared to Rs 3.48 lakh crore or 2.5 percent a year ago reflecting a slowdown in credit demand for investments as well as working capital needs- and indicator of...

The RBI has cancelled the licence of Shimsha Sahakara Bank in Karnataka due to financial troubles. Depositors can claim up to Rs 5 lakh from DICGC. The bank's closure is deemed necessary to protect depositor interests.

RBI cancels Banaras Merchantile Co-operative Bank's license citing financial instability. Depositors to receive up to Rs 5 lakh from DICGC. Bank lacks capital and earning prospects, leading to liquidation.

Banks are grappling with new regulations from the Telecom Regulatory Authority of India (Trai) requiring digital consent for commercial communication. This has prompted lenders to seek government clarity on whether consent is needed for sharing tran...

Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which ...

The Reserve Bank of India reported that bank lending to the retail sector moderated for the tenth consecutive month in May, reaching 17.8% from 19.1% a year ago. Corporate loans grew faster at 8.9% compared to 6% in May 2023. Non-food bank credit sa...

The Reserve Bank of India (RBI) has rectified issues with banks' cash reserve requirement (CRR) after instances of shortfalls in average fortnightly balances. The CRR, currently at 4.50% of net demand and time liabilities, is a key regulatory measur...

The amount involved due to fraud in public banks was Rs. 10,507 crores, while private banks incurred losses of Rs. 3,107 crores. The number of frauds due to card and internet transactions shot up more than four times, with 29,000 cases being detecte...