India's digital transformation, coupled with improved consumer access, reach and technology proliferation, has opened doors for innovation across the industry, it says
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Disbursement volume and value more than doubled, and employee headcount climbed up by 42 per cent since FY21-22
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As per the report, UPI linkage to credit accounts and tie-ups with real-time payments systems of other countries will further increase foreign inward remittance
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Previously, the RBI had expressed openness to the concept of FLDG in its Digital Lending Guidelines. However, this is the first explicit approval of such a product by the banking regulator
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Around 85 per cent of the Rs 2000 notes are deposited in bank accounts and not exchanged for smaller denominations
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In line with its refreshed identity, the bank is set to roll out an integrated campaign with the tagline – ‘Life Ko Banao Rich’
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India has been witnessing new milestones which indicate the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, says SBI report
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The RBI Governor Shaktikanta Das inaugurated the conference. 'Governance in Banks - Driving Sustainable Growth and Stability' was the theme of the conference
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He highlights that the highest denomination currency as a percentage of per capita GDP is significantly lower in developed countries
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The Reserve Bank of India (RBI) on Friday decided to withdraw the Rs 2,000 denomination currency notes from circulation, but added they (currency notes) will continue to remain as legal tender
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