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RBI Governor Shaktikanta Das held a meeting with the MD and CEOs of public sector banks and select private sector banks today, in Mumbai. Reserve Bank of India’s (RBI) Governor Shaktikanta Das on July 3 held meetings with the MDs and CEOs of public sector banks and select private sector banks in Mumbai and urged

RBI Governor urges banks to step up efforts against mule accounts

RBI Governor Shaktikanta Das held a meeting with the MD and CEOs of public sector banks and select private sector banks today, in Mumbai. Reserve Bank of India’s (RBI) Governor Shaktikanta Das on July 3 held meetings with the MDs and CEOs of public sector banks and select private sector banks in Mumbai and urged

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. The Governor was delivering the inaugural address at the 18th Statistics Day Conference organized by the RBI, when he said the use of

Biases in Algorithms should be eliminated

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasised on the need to eliminate biases in algorithms as the use of artificial intelligence (AI) and machine learning (ML) is on the rise. The Governor was delivering the inaugural address at the 18th Statistics Day Conference organized by the RBI, when he said the use of

RISK FACTOR. SEBI mandated asset management firms to stress-test open-ended debt schemes every month Scheduled commercial banks (SCBs) are well capitalised and capable of absorbing macro-economic shocks even in the absence of any further capital infusion, per the results of macro stress tests for credit risk conducted by the Reserve Bank of India. Further, SCBs’

With low NPAs & robust earnings, banks can absorb           shocks: RBI Financial Stability Report

RISK FACTOR. SEBI mandated asset management firms to stress-test open-ended debt schemes every month Scheduled commercial banks (SCBs) are well capitalised and capable of absorbing macro-economic shocks even in the absence of any further capital infusion, per the results of macro stress tests for credit risk conducted by the Reserve Bank of India. Further, SCBs’

The Reserve Bank of India (RBI) on 7 June 2024 released the much-awaited circular liberalising the rules governing investments in overseas funds.  What does it say?   The circular permits Indian Limited Partners (LPs) to invest in overseas funds regulated via their regulated investment manager thereby doing away with the erstwhile prerequisite that the investment

RBI liberalizes rules on investments in overseas funds

The Reserve Bank of India (RBI) on 7 June 2024 released the much-awaited circular liberalising the rules governing investments in overseas funds.  What does it say?   The circular permits Indian Limited Partners (LPs) to invest in overseas funds regulated via their regulated investment manager thereby doing away with the erstwhile prerequisite that the investment

The Reserve Bank of India on 7th June 2024 announced the introduction of the UPI LITE e-mandate to create a more seamless payment ecosystem. UPI Lite was introduced in September 2022 to enable small value payments quickly and seamlessly through an on-device wallet.Currently, the UPI Lite has a daily limit of Rs 2,000, while the

RBI Announces UPI Lite E-mandate

The Reserve Bank of India on 7th June 2024 announced the introduction of the UPI LITE e-mandate to create a more seamless payment ecosystem. UPI Lite was introduced in September 2022 to enable small value payments quickly and seamlessly through an on-device wallet.Currently, the UPI Lite has a daily limit of Rs 2,000, while the