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In other words, statistics should focus on laying down the pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants....

Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session on ‘Geopolitical Spillovers and the Indian Economy’ organised by the PhD Chamber of Commerce and Industry, New Delhi) Shri P...

India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22 India rapidly emerges as a preferred investment destination; FDI inflows have increased 20-fold  in last 20 years. FDI equity inflows in Manufacturing rise by 76% in FY 2021-22 FDI inflows rise by 23% post-Covid Karnataka emerges as the top FDI equity inflow [&helli...

For any lender, the credit risk i.e., the possibility of not receiving the timely repayment of the contracted amount or of the counterparty not honouring its obligations in respect of the credit contract, constitutes a significant risk which need to be covered by maintaining adequate capital and risk provisions....

ED has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited lying in the bank accounts under the provisions of Foreign Exchange Management Act, 1999 in connection with the illegal outward remittances made by the company Directorate of Enforcement (ED) has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Lim...

ED has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under PMLA, 2002 in the case of Sukesh Chandrasekh Enforcement Directorate (ED) has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fer...

In accordance with the terms of the credit facility sanctioned by your bank to us, we are required to provide you with stock and debtors statements and some other documents by the 15th of the following month....

Banks credit interest to savings accounts in terms of RBI’s Master Circular dated 01.07.2015, which states that interest on savings bank accounts has to be credited on regular basis, whether the account is operative or not....

Whether the Government is aware that the private banks and Non-Banking Financial Companies are charging service charges before the filing of any loan, from which they are getting crores of rupees every year without doing anything;...

As per the findings of RBI’s Working Group on digital lending, the number of illegal lending apps stood at approximately 600 from 1.1.2021 to 28.2.2021....