Digital payments growth dips 27% in Aug from peak; BHIM, UPI to take charge

Online transaction growth in value and volume terms are fluctuating in the range of a meagre 1-5 percent on a monthly basis since April Digital transactions have been witnessing a slower pace of growth each month post demonetisation with August transactions showing 26.5 percent dip in value terms from its peak in March. The number of transactions declined 8 percent […]

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RBI seen going for rate cut in August MPC meeting

With inflation falling to record low levels and industrial growth slipping to below 2%, bankers and economists feel the pressure has increased on the Reserve Bank of India to go for a policy rate cut in the monetary policy committee meeting next month. The six-member monetary policy committee (MPC) headed by RBI governor Urjit Patel will meet on 1-2 August […]

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Bankers hail RBI move to Name top dud Loans

Bankers have welcomed the Reserve Bank move to identify 25 per cent of the top non-performing accounts for immediate resolution under the Insolvency and Bankruptcy Code (IBC).  The central bank had said its internal advisory committee (IAC), which met on June 12, decided to focus on large stressed accounts and accordingly took up for consideration the accounts which were classified partly or wholly as bad loans […]

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