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Loans disbursed digitally rose 12-fold between 2017 and 2020: RBI panel report
According to the findings by a working group constituted by the Reserve Bank of India (RBI), between 2017 and 2020, the quantum of loans disbursed, rose from Rs 11,671 crore to Rs 1,41,821 crore, i.e. a 12-fold rise. A bulk of loans disbursed by these entities were personal loans, followed by loans to small and medium.
India presents itself as resilient economy at World Economic Forum in Davos
Taking forward the strategy and presence of India during WEF Annual Meeting in May 2022, the Department for Promotion of Industry and Internal Trade (DPIIT) has taken the initiative to further strengthen India's presence through three lounges with focus on investment opportunity, sustainability and inclusive approach to compliment economic growth official sources said.
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