Tag: RBI report

Demand driving growth, but economic outlook ‘somewhat clouded’ by supply issues: RBI

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Demand driving growth, but economic outlook ‘somewhat clouded’ by supply issues: RBI

The Reserve Bank of India (RBI) logo inside its headquarters in Mumbai. | Photo Credit: REUTERS While India’s domestic demand remains a key driver of growth, the near-term outlook for the economy is “somewhat clouded” due to supply side pressures brought on by the West Asia crisis, the Reserve Bank of India (RBI) said in…

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Business

Number Of Credit Cards More Than Doubled In 5 Years: RBI

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Number Of Credit Cards More Than Doubled In 5 Years: RBI

New Delhi: The number of credit cards has more than doubled to around 10.80 crore at the end of December 2024, compared to December 2019 when there were 5.53 crore cards in circulation, according to a new RBI report. In contrast, number of debit cards have remained relatively stable, with a marginal increase from 80.53…

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Nation

High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report

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High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report

New Delhi: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs),…

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