Monetary Policy (MP) is the use of operating instruments available to central banks to achieve stated objectives. Central banks (CBs) generally follow a dual mandate of price stability and economic growth, although the specifics differ.
State-owned lender UCO Bank is implementing a strategic shift in its growth plan, concentrating on the pursuit of a “profitable” corporate loan portfolio expansion while identifying retail, MSME, and agriculture as its key drivers of growth in the coming quarters.
This shift in
A person aware of the development told ET that according to current classifications, banks holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.