
RBI directs banks to ensure 2 whole-time directors on boards
The latest RBI order will help facilitate succession planning with respect to tenure and upper age limit for MD & CEO positions
The latest RBI order will help facilitate succession planning with respect to tenure and upper age limit for MD & CEO positions
Nearly 87% of financial services consumers begin their journey online, with two-thirds finding online channels more helpful for purchase decisions
The World Bank has noted that on the digital infrastructure front, India has achieved in just six years what would have taken about five decades
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.
Nirmala Sitharaman says interoperability of these platforms gives strength to Indians' capabilities in those nations.
However initially, applicants seeking a digital bank licence should get a 'restricted digital business bank licence' and enlist under the RBI's regulatory sandbox, Aayog suggests
Alliances enable companies to leverage strengths, gain insight into the local market place and understand customers better.
SFBs are taking financial inclusion beyond account opening and creating income opportunities in remote areas.
Financial inclusion: Kerala tops the list with a score of 90.9; Bihar ranks at the bottom with 38.5.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.