Shaktikanta Das

Will RBI’s proposed repository of digital lending apps curb the practice of online frauds?

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Will RBI’s proposed repository of digital lending apps curb the practice of online frauds?

Reserve Bank of India (RBI) Governor Shaktikanta Das announced Thursday that the central bank will create a public repository of digital lending apps (DLAs) deployed by regulated entities, i.e., banks and other financial institutions. This means any digital lending app deployed by a bank or non-banking financial corporation (NBFC) must be part of the repository. … Read more

As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

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As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points … Read more