DD India
January 28, 2025 12:44 PM
The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable compound annual growth rate (CAGR) of 74 per cent over the last five years, ac...
January 28, 2025 12:27 PM
Retail digital payments in India have grown from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in the financial year 2023-24 — an approximately 100-fold increase over 12 years, according to a new RBI report....
January 28, 2025 12:15 PM
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 has rema...
January 27, 2025 8:16 PM
The Reserve Bank of India (RBI) has announced a plan on Monday to inject an additional Rs 1.1 lakh crore into the banking system through various measures, including open market purchase auctions of Government securities and a variable rate repo aucti...
January 14, 2025 12:51 PM
India’s gross domestic product (GDP) growth is projected to improve to 6.7% in the next fiscal year (FY25), according to a Crisil Intelligence report. The report noted that a sustained decline in food inflation, combined with stable non-food inflat...
January 8, 2025 1:26 PM
Despite a slowdown in real GDP growth, India’s per capita nominal GDP is projected to rise significantly in FY25, increasing by at least ₹35,000 compared to FY23, according to economists. The first advance estimate (AE) of GDP for FY25, released...
January 2, 2025 12:29 PM
The Reserve Bank of India (RBI) has reported a sharp surge in gold loans across the country, reflecting an increasing dependence on gold as collateral to meet financial needs. According to the RBI's report, gold loans saw significant growth in the pe...
December 31, 2024 1:10 PM
India’s banking sector has witnessed continued improvement in asset quality, with the gross non-performing assets (GNPA) ratio dropping to 2.6% of total advances in September 2024, marking the lowest level in the past 12 years, according to the Res...
December 30, 2024 7:24 PM
The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released...
December 17, 2024 1:28 PM
Indian stock markets opened lower on Tuesday as weak export data and a record-high trade deficit in November dampened investor sentiment. The Nifty slipped 0.3% to 24,599 points as of 09:20 a.m, while the Sensex fell 0.3% to 81,492.02. Market exper...
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