Date : Feb 08, 2021 RBI releases Annual Report of Ombudsman Schemes, 2019-20 The Reserve Bank of India (RBI) today released the Annual Report of the “Ombudsman Schemes of the Reserve Bank for the year 2019-20”. The Banking Ombudsman Scheme (BOS) was first notified by the Reserve B...
Except PNB, other PSBs have shown increase in their profits. PNB has shown 27% decline in annual net profit from ₹3,457 crore in 2021-22 to ₹2,507 crore in 2022-2023. Bank of Baroda (₹14,110 crore) and Canara Bank (₹10,604 crore) recorded annual profit higher than ₹...
As per a CII report (2022), the infrastructure financing gap is estimated at over 5% of GDP. Approx. 80% of the investment in infrastructure space is by government agencies (80%), and the remaining 20% comes from private developers. As per the National Infrastructure Pipelines, the total i...
In the latest half-yearly economic review report, Finance Ministry has highlighted that the headline inflation outlook is on a declining trend. India had recorded an economic growth of 7.2% in 2022-23 and 9.1% in 2021-22. RBI has raised its growth forecast for 2023-24 to 7%. RBI has pro...
with Information Systems Audit and Control Association or by a holder of a Diploma in Information System Audit qualification of the Institute of Chartered Accountants of India, on an annual basis within two months of close of their respective financial year.By May 31, 2...
Gurjinder Singh& Amandeep Verma Abstract This research investigates the transformative landscape of Central Bank Digital Currencies (CBDCs) and their profound impact on global trade. The overarching aim is to comprehensively analyze the significance of CBDCs in fostering financial inclusion, driving economic...
He mentioned that although he filed a report through the data grievance form, he had not received any response at the time of writing this story. As an alternative source of income, Chenab Times also has aFacebook page. However, Ayoob noted that the revenue generated there is minimal. ...
In its 2018 report, the Committee on review of regulations and relevant circulars pertaining to MIIs had suggested that the ownership of Market Infrastructure Institutions (MIIs) should be widely held. This committee was headed by R Gandhi and referred to as Gandhi Committee. ...
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According to the report, India can take the lead in assisting them in implementing the fintech system. The study also demonstrates that default rates did not increase in spite of the lending surge, demonstrating that UPI-enabled digital transaction data assisted lenders in expanding responsibly. ...