Page 2 - Rabi Sankar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fintech Lenders Gave Rs 29,875 Crore

The last year s growth is a foretaste of things to come in the retail credit market.

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High Cost: Remittance Cost Should Go Down: Rbi Dy Governor | Kolkata News

Kolkata: The present high-cost of remittance for countries is “simply unconscionable” when data connectivity is cheap, and thus, India is currently in.

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Present high-cost of remittance is simply unconscionable when data connectivity is cheap: RBI deputy governor T Rabi Sankar

Present high-cost of remittance is simply unconscionable when data connectivity is cheap: RBI deputy governor T Rabi Sankar
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cross border: RBI in dialogue with other central banks to reduce cost of cross border remittances

The Reserve Bank of India (RBI) is engaging with countries that have a significant Indian diaspora to reduce the cost of remittances, according to Deputy Governor T Rabi Sankar. He highlighted that the average cost of cross-border remittances is currently around 6.2% of the transaction value, which is considered too high given the availability of cheap data connectivity.

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EU takes steps to avoid India clearing house lockout

Other Asian regulators may also have concerns about extraterritorial reach of Emir 2.2

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