New Delhi, Jun 17 (KNN) India’s financial services sector is entering a critical transition phase, requiring deeper credit penetration, broader financial participation and more efficient capital allocation as the country advances towards its ambition of becoming a USD 30-35 trillion economy by 2047, according to Deloitte India’s State of FinancialContinue Reading
New Delhi, Apr 10 (KNN) The Reserve Bank of India (RBI) has issued final guidelines aimed at accelerating cross-border inward payments, seeking to reduce delays in crediting funds to beneficiaries. The central bank said the move is intended to address operational frictions and ensure quicker communication of payment information, enablingContinue Reading
New Delhi, Apr 28 (KNN) The Reserve Bank of India (RBI) is set to implement an expected credit loss (ECL)-based provisioning framework for banks from April 2027, marking a shift from the current incurred loss approach to a more forward-looking system of recognising credit risk. The proposed framework aims toContinue Reading
New Delhi, May 14 (KNN) The Government of India has announced an auction-based switch of government securities worth Rs 30,000 crore in face value as part of its debt management strategy. Rs 30,000 Crore Securities Switch Auction Announced According to the notification, market participants will be required to submit bidsContinue Reading
New Delhi, Jun 4 (KNN) The Asian Development Bank (ADB) and Standard Chartered Bank have entered into two agreements aimed at strengthening supply chain finance in India through risk-sharing mechanisms covering both US dollar and rupee-denominated transactions. According to an ADB statement issued on Wednesday, the partnership includes aContinue Reading
New Delhi, Jun 24 (KNN) The Reserve Bank of India (RBI) has issued comprehensive new directions governing the Trade Receivables Discounting System (TReDS), consolidating a decade of fragmented guidelines into a single regulatory framework. The directions come into effect immediately and repeal the original TReDS guidelines issued in December 2014Continue Reading
New Delhi, Apr 11 (KNN) The Reserve Bank of India (RBI) on Friday outlined its medium-term strategy for April 2026 to March 2029 under the ‘Utkarsh 2029’ framework, aimed at reinforcing its position as a world-class, full-service central bank. Strategic Focus And Key Initiatives The strategy prioritises long-term initiatives suchContinue Reading
