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Value of Rs 2000 banknotes in circulation declines to Rs 8202 crore, says RBI

India Business News: RBI disclosed the Rs 2000 notes' decline to 8,202 crore by March 29, 2024, after the 2023 withdrawal under the Clean Note Policy. Exchange facilities ....

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Why banks need to be judicious in their actions when dealing with wilful defaulters

Many laws governing the banking industry have also evolved to accommodate rapid changes that are driving innovation at breakneck speed. However, some attitudes among bankers and regulators have lagged behind, and don t reflect the digital age. One such laggard is the wilful defaulter label. This classification is unique to India among all big economies, and it defies logic in the era of data analytics and AI. A wilful defaulter is a borrower with enough money but isn t repaying banks. The dubious category also includes those that siphoned funds and left businesses high and dry. ....

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There could be trade-off between innovation and regulation: RBI DG Rajeshwar Rao

Rajeshwar Rao also pointed out that regulators must focus on achieving a delicate equilibrium that addresses the critical concerns without imposing an undue burden on regulated entities. ....

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RBI May Hold Rate Yet Again To Focus On Inflation Management, Say Experts

The RBI may again keep the key interest rate unchanged in April as it is likely to focus more on bringing down inflation to the 4% target after concerns over economic growth abated with GDP growth estimated at nearly 8 per cent, said experts. ....

Aditi Nayar , Chief Economist ,

RBI may hold rate yet again to focus on inflation management, say experts

RBI expected to maintain key rate in April amid strong GDP growth. MPC to consider global cues. Forecast suggests rate cut unlikely before August 2024, emphasizing inflation targeting. ....

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