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.
Banking
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
IOB assistant manager alleges caste abuse by superiors; police probe underway
The victim, a Dalit youth from Mulavukad, lodged a complaint with the Ernakulam Central Police in December
AIBEA Condemns Attack on Union Bank Manager, Calls for Urgent Action on Staff Safety
In a statement, AIBEA General Secretary C.H. Venkatachalam expressed deep concern over the growing threat to bank employees.
AIBEA condemns alleged harassment of women officers at Union Bank of India
According to the AIBEA, the incident occurred on February 12, 2025, when the two women, both Relationship Managers, were summoned without prior notice to the Regional Office at 9:30 AM
RBI Supersedes Board of New India Cooperative Bank, Appoints Administrator
RBI has been clamping down on erring cooperative banks
India’s Microfinance Sector Expands Amid Rising Risks: Infomerics Ratings Report
The microfinance industry currently operates with 168 Micro Finance Institutions (MFIs) across 29 states, serving 64 million borrowers
RBI Governor Meets NBFC Chiefs, Stresses Growth with Stability
Representatives from industry bodies such as Self-Regulatory Organizations (SROs), Sa-Dhan, Micro Finance Institutions Network (MFIN), and Finance Industry Development Council (FIDC) also participated in the discussions.