Financial News

India’s Reserve Bank Raises Alarm About Rising Bad Loans

The Reserve Bank of India (RBI) has cautioned that bad loans of the banking system are expected to hit 11.22 per cent of the advances under a severe stress scenario. The central bank also warned about the incipient signs of stress among medium and small units, notes a report in The Indian Express.

Survey Exposes Modi Government’s Jumlabazi OF Cashless Digital Transaction Drive

The latest survey conducted by the Assocham-Deloitte jointly may bulldoze the tall claims of the Central Government in which it has stated that it is going promote the concept of E-Wallet