Latest Updates Around The World
The Reserve Bank of India’s Monetary Policy Committee (MPC) in its policy announcement scheduled for Friday is likely to maintain status quo on repo rate amid ongoing global economic uncertainty, pressure on government bond yields and volatility in the domestic currency, a State Bank of India report said. The report said that despite earlier policy […]
The report emphasized that the country’s UPI ecosystem is currently being dominated by a handful of third-party app providers (TPPs), with Phone, Google Pay and Paytm that lead in both transaction volume and value. India needs its own dominant UPI app to really use data instead of staying dependent on foreign payment platforms, according to […]
The report noted that companies tend to avoid bank loans when the interest rates are low and instead explore other sources of financing. The credit growth of banks in the country will probably remain low, because companies will continue to opt for alternative financing methods in the current environment with low interest rates, according to […]
The dividend payment of the Reserve Bank of India of almost £ 2.7 trillion to the government has been made possible for robust gross dollar sales, higher exchange rate wines and steady increase in interest income, according to a report from the State Bank of India (SBI). The report noted that this significant surplus transfer […]
