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Representational image of the Reserve Bank of India (RBI) logo pictured outside its head office | Photo Credit: Reuters The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. The Appointments Committee of the Cabinet approved his appointment on Monday (September 29, 2025). Mr. Murmu’s…
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RBI Deputy Governor M. Rajeshwar Rao. File. The government has extended the term of RBI Deputy Governor M. Rajeshwar Rao for a period of one year, according to sources. The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Mr. Rao for a period of one year with effect from October 9, 2024…
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As of the end of March 2024, NBFCs had a CRAR of 26.6%, a GNPA ratio of 4.0% and a return on assets (RoA) of 3.3%. (Representational image only) Ahead of the upcoming Union Budget scheduled to be presented on July 23, the Non-Banking Financial Company (NBFC) sector is expecting enhanced financial inclusion and reinforcing digitalisation…
He said India has been making efforts to tackle the challenge of the high cost of remittances. Kolkata: Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on…
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