New Delhi: Sanjay Malhotra, the current Revenue Secretary, has been appointed as the next Governor of the Reserve Bank of India (RBI). The announcement was made by the Appointments Committee of the Cabinet on Monday, with Malhotra set to take over the role on Wednesday for a tenure of three years. A seasoned bureaucrat with…
New Delhi: The Reserve Bank of India’s (RBI) Financial Inclusion and Development Department has revealed that as of March 31, 2023, women-owned Micro, Small, and Medium Enterprises (MSMEs) account for 7.09% of the outstanding MSME credit of Scheduled Commercial Banks.
Chennai: In a move that echoes the predictions of seasoned economists, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has opted to maintain the repo rate at 6.50 per cent. The repo rate, which signifies the rate at which the RBI lends to commercial banks, remains unchanged following the MPC’s deliberations held from…
New Delhi: In a significant development, Michael Debabrata Patra, a distinguished economist hailing from Odisha, has been reappointed as the Deputy Governor of the Reserve Bank of India (RBI).
