Banks’ reap productivity gains via digitalisation: RBI Dep Gov Patra
Digitalisation has helped scheduled commercial banks (SCBs) make productivity gains, including 25-30 per cent decline in customer acquisition costs, shortening
Continue reading
Tag: Deputy Governor
Boosted by rising incomes, households will likely build back their financial assets: RBI Dy Guv Patra
While the net financial savings of households have almost halved from their level in 2020-21, going forward, boosted by rising
Continue reading
MSMEs often refrain from invoking statutory provisions against buyers over delayed payments: RBI Dy Guv Swaminathan
MSMEs (micro, small and medium enterprises) often refrain from invoking statutory provisions, which entail penalties, against buyers delaying payments due
Continue reading
Banks, NBFCs should treat customer complaints with due gravitas: RBI Deputy Governor M. Rajeshwar Rao
Regulated entities’ actions on the ground vis-à-vis customer conduct and transparency in operations have fallen short of expectations, said RBI
Continue reading
Lenders should rationalise “internal accounts”: RBI Dy Guv Swaminathan
CFOs of commercial banks and All India Financial Institutions should rationalise “internal accounts” completely, bring them down to the essential
Continue reading
Over-reliance by NBFCs on retail unsecured lending, top-up loans and capital market funding may bring grief: RBI Dy Guv Swaminathan
Highlighting the fancy among most non-banking financial companies (NBFCs) to do more of the same thing, such as retail unsecured
Continue reading
RBI discourages public deposits for NBFCs as norms not at par with banks
Amid industry calls to allow more NBFCs to accept public deposits, Reserve Bank of India Deputy Governor M Rajeshwar Rao
Continue reading
Banks have to set down the rules of the game vis-a-vis use of AI right now: RBI DG Rabi Sankar
Banks have to set down the rules of the game vis-a-vis use of Artificial Intelligence (AI) right now because as time
Continue reading
Retail CBDC transaction volumes have settled below 10 lakh per day
After achieving the milestone of 10 lakh CBDC-R (Central Bank Digital Currency – Retail) transactions per day in December 2023,
Continue reading
RBI DG proposes training institute for regulation-making
Reserve Bank Deputy Governor M Rajeshwar Rao called for setting up an institute to train officials involved in regulation and
Continue reading