India spends heavily on defence but does not finance it. That distinction separates mature defence-industrial economies from those trapped in yearly budget cycles.
New Delhi: Last week, the government appointed the recently retired Department of Economic Affairs (DEA) secretary, Ajay Seth, as chairman of the Insurance Regulatory and...
After amalgamation, number of RRBs has come down to 28 from earlier 43. Experts say move is expected to increase capital base of unified RRBs, spurring credit growth and diversification.
Using icons and speech, AI-enabled voice apps like Hello Ujjivan and Bhashini are building a new bridge to banking for India’s 18 crore low-literate citizens.
If many market participants tend to use similar models, correlated risk & herding behaviour can amplify stability risks. Regulatory guardrails are important.
Government bank employees sell mutual funds, insurance and just never log out. They have steeper targets and ‘performer of the month’ award to chase too.
The central bank last month issued a circular ordering banks to start, from next year, to keep aside larger buffers in relation to accounts connected to the internet, mobile or UPI.
The top 15 cities of India account for more than 60% of the total AUM. We still have a long way to go before the spread of financial products becomes pan-India.
DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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