The RBI wants every small-ticket loan to be a marriage officially solemnised in the church of banking. Its new guidelines stop nonbanks from loading digital wallets using credit lines.
The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank Ltd.
Shaktikanta Das has to assure Centre that its borrowing program would get completed without pushing the 10-year yield much higher than the current level of around 7.5%, a 3-year high.
Lenders view loan approvals with a low CIBIL score as a risky proposition, whereas a good credit score provides some assurance that the debt will be recovered.
The central bank approved the transfer of 303.1 billion rupees to the government from its surplus funds, a third of the 991.2 billion rupees it had given last year.
'Magic price points' — such as Rs 5 or Rs 10 — help less-affluent buyers stay within their budgets. In January, Rs 10 Surf became Rs 12 as commodity cost pressures became too intense.
The ex-Chilean president was awarded the 2024 Indira Gandhi Prize for Peace, Disarmament and Development for her work on gender equality, human rights, and democracy.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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