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How GoI, regulators and fintech firms can unlock the full potential of India's digital financial revolution

This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years. ....

Nirmala Sitharaman , Digital Financial Revolution , Digital India Act ,

India's forex surges by $2.98 billion to hit all-time high of $648 billion

According to the data released by Reserve Bank of India on 12 April, India s forex jumed to $648.562 billion which is the seventh consecutive week of a jump in overall reserves. ....

Special Drawing Rights , Forex Reserve , Forex Kitty , Foreign Currency Assets , Gold Reserves Rise , Gold Reserves , Indian Economy , Rupee Depreciation , Indian Rupee ,

Another bank in crisis: RBI stops customers from withdrawing money; what are your rights as depositors if your bank fails?

What happens to your money if a bank fails in India? The Reserve Bank of India (RBI) has imposed restrictions on Shirpur Merchants Co-operative Bank amid its worsening financial health. The most significant restriction? A freeze on customer withdrawals. The RBI has previously imposed similar curbs on troubled lenders like PMC Bank. But what recourse do depositors have when their bank hits a rough patch? And what should customers of Shirpur Merchants Co-operative Bank do now? ET Wealth Online answers these critical questions. ....

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IIFL Finance shares gain 23% in 4 sessions, up 39% from March low

IIFL Finance: Over the past four trading sessions, the stock has surged by 23%, showcasing a remarkable recovery. Since hitting their March low of ₹313 apiece, the shares have appreciated by 39%, currently trading at ₹435.65 apiece. ....

Uday Kotak , Kotak Bank , National Stock Exchange Of India Ltd , National Stock Exchange , India Ltd , Reserve Bank , Iifl Finance , Iifl Finance Stock Price , Iifl Finance Latest News , Trending News , Top Gainers , Gold Loans , Rights Issue , Nbfc Stocks , Trending Stocks , Iifl Finance Shares ,

ADB raises India's GDP growth forecast for FY25 to 7 pc on robust investment, consumer demand

Asian Development Bank raised India s GDP growth forecast to 7% for the current fiscal, driven by robust investment and improving consumption demand. Growth moderates in FY2024 and FY2025, with support from monetary and fiscal policies. ....

Asian Development Outlook , Asian Development Bank , Reserve Bank , Reserve Bank Of India ,