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RBI Warns Public About Unauthorized Prepaid Payment Instruments
The RBI warns, while being categorical, that it be cautioned to act carefully while interacting with websites or apps and not make commitments of funds with unauthorized entities. It is important for consumers to confirm that any platforms or companies they interact with are officially sanctioned to perform the services they offer.
RBI Restricts Kotak Mahindra Bank from Online Customer Onboarding, New Credit Card Issuance
The RBI said are warranted on the basis of grave concerns emerging from the Reserve Bank's IT examination of the bank for the years 2022 and 2023 and the continued failure on the part of the bank in taking adequate action to address these concerns in a comprehensive and timely manner.
Axis Bank Records Net Profit of Rs 7,130 Crore in January-March Quarter
Some of the major highlights of the quarter include the bank's net interest income. It did witness a healthy growth of 11.47 percent, amounting to Rs 13,089 crore, in comparison to Rs 11,742 crore of the corresponding period of the previous year. This shows the bank has effectively managed its lending activities and deposit interest payments.
India Records 455 Deals Valued at $25.6 Billion in First Quarter of the Year: Report
The media and entertainment vertical emerged as the leader of deal value. However, the retail and consumer vertical remained the leader in terms of deal number.
PM Modi lifted 400 million Indians out of poverty, says JP Morgan CEO Jamie Dimon
Dimon said that Modi is a tough administrator, breaking down antiquated bureaucratic systems. He lauded the Prime Minister's role in breaking down the antiquated bureaucratic structures; something he feels lacks in some parts of the US.
RBI Identifies 6 Key Drivers Fueling India's Rise to Third Largest Economy
In terms of purchasing power parity (PPP), India already holds the third position globally. However, according to the OECD, by 2045, India is expected to surpass the US in PPP terms, becoming the second-largest economy worldwide.
RBI Forecasts India's GDP Growth Exceeding 7 Percent
The bulletin underscores the favorable conditions paving the way for a sustained upward trajectory in India's real GDP growth. This optimistic outlook is underpinned by robust investment demand and a buoyant atmosphere among businesses and consumers alike.
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