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As regards maturity, RBI said the minimum tenor of a GSL transaction would be one day and the maximum would be the maximum period prescribed to cover short sales. ....
Indian banks increased their overseas presence to 417 in 2022-23, according to a Reserve Bank of India survey. Employee strength also rose by 0.5% and 6.2% for foreign branches and subsidiaries, respectively. However, the number of branches and employees of foreign banks in India contracted to 774. The shift of retail business from a major foreign bank to a domestic private sector bank led to a decline in aggregate deposits and credit, but increased capital and investments. ....
UPI has emerged a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November. An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das, while unveiling the December bi-monthly monetary policy last week. ....
India Business News: The RBI has said that henceforth, banks must allow pre-mature withdrawals on all bank deposits up to Rs 1 crore. The central bank has hiked the minimu ....