NRI Deposits See $12 Billion Inflows
Overseas Indians deposited approximately $12 billion into non-resident Indian (NRI) deposit schemes between April and October (FY25), nearly doubling the
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RBI data
Banks hiring more officers, fewer clerks and sub-staff
India’s banking sector continues to be labour intensive but digital technologies are changing the composition of the workforce, more so
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India added 4.7 crore jobs in FY24: RBI data
India added nearly 4.7 crore jobs in the 2023-24 fiscal year, a Reserve Bank of India report showed, higher than
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Bank loan frauds more than halved
Bank loan frauds decreased by 57% in value terms to Rs 58,303 crore in FY22. The trend has continued in FY23 as well with
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Forex reserves jump by $2.76 bn to $632.95 bn: RBI data
The country’s foreign exchange reserves increased by USD 2.762 billion to USD 632.952 billion for the week ended February 18
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Bank credit grows 7% by mid-November: RBI data
Reflecting the steady pace of banking business, the credit rose by 6.97 per cent in 12 months ended November 19,
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