RBI Seeks Public Comments on Draft Circular for Responsible Lending Conduct
The draft circular seeks to address concerns regarding fair lending practices and ensure transparency in loan repayments.
Banking
How consumerism is trapping India’s middle class in debt
It begins innocuously. A young professional lands a decent job and is suddenly bombarded with credit card offers and easy loans.
Deposit Insurance coverage should range between Rs 5.2 lakh and Rs 21 lakh: CareEdge
India’s deposit insurance coverage should ideally be set between Rs 5.2 lakh and Rs 21 lakh, according to a report
MPC Minutes signal rate cut season
RBI Governor Sanjay Malhotra underscored the need to preserve economic momentum while maintaining price stability.
RBI to inject liquidity through long-term USD/INR buy/sell swap auction
The auction is scheduled to take place on February 28, 2025, between 10:30 AM and 11:30 AM, with the far leg settlement date set for March 06, 2028.
Breaking Free: How the salaried class can escape the debt trap
In a climate where debt is often seen as an inevitable part of modern life, these strategies offer hope and practical guidance for anyone looking to break free and secure a more stable financial future.
India’s economic momentum strengthens amid global uncertainty: RBI Bulletin
Emerging market economies (EMEs), including India, are facing selling pressure from foreign portfolio investors (FPIs) and currency depreciation due to a strong U.S. dollar.
RBI launches RBIDATA Mobile app to simplify access to economic data
The RBIDATA app offers access to over 11,000 different series of economic data, presenting a comprehensive view of the Indian economy
How to save the Indian banker
The first step involves strengthening employee trade unions. Trade unions have historically been instrumental in protecting workers’ rights, yet their influence has waned in recent years.
Toxic work culture in Indian banks: A crisis ignored for too long
From caste-based harassment to violent attacks on bank staff, the working conditions in banks are deteriorating at an alarming rate