The Union government has recently announced that India’s monetary policy will continue to be guided by the inflation targeting framework for the next five years.
The Reserve Bank of India, in its report “Sectoral deployment of bank credit in India” has highlighted the sharp decline in bank credit to parts of the economy.
The Reserve Bank of India (RBI) is open to looking at any proposal for setting up a bad bank, according to Reserve Bank of India (RBI) Governor.
Even as industrial output picked up as the economy reopened, buoyed by pent-up demand and a festival spending boost, consumer sentiment remains weak.
An Internal Working Group within the Reserve Bank of India has recommended to allow industrial conglomerates to set up banking units.
The Reserve Bank of India made a forecast in its latest monthly bulletin that India is in a technical recession.
Recently released annual report of RBI stated that the Bank frauds more than double in FY20 to ₹1.85 trillion.
The RBI, in its Financial Stability Report, stated that bank NPAs could rise to their highest levels and expressed concerns for future impacts.