Finance

UPI Transactions Surge to Record Levels in December

By BPN News Desk
India’s Unified Payments Interface (UPI) continues to redefine digital payments, hitting an all-time high of 16.73 billion transactions in December 2024. The National Payments Corporation of India (NPCI) reported that these transactions amounted to a staggering ₹23.25 trillion in value, reflecting the increasing adoption of UPI across the country. Unprecedented Growth in
Finance

RBI Plans Stricter Norms for Top-Up Loans

By BPN News Desk
In a move to address potential financial risks and bolster banking sector stability, the Reserve Bank of India (RBI) is considering tightening the eligibility criteria for top-up loans. This step comes in response to concerns about rising leverage and the associated risks to borrowers and lenders alike. Why Tighten Top-Up Loan Norms? Top-up loans, often […]
Finance

RBI Study Reveals Rupee Depreciation Boosts Exports

By BPN News Desk
In a significant observation on India’s trade dynamics, a recent study by the Reserve Bank of India (RBI) has revealed that a depreciating rupee provides a considerable boost to the country’s exports, whereas a strengthening rupee has a relatively smaller impact on imports. The findings underscore the asymmetric influence of currency movements on India’s trade […]
Finance

Sanjay Malhotra Takes Charge as 26th RBI Governor

By BPN News Desk
Sanjay Malhotra officially took charge as the 26th Governor of the Reserve Bank of India (RBI) on Monday, succeeding Shaktikanta Das. With extensive experience in financial and economic management, Malhotra’s appointment signals a continuation of efforts to bolster India’s monetary and fiscal stability. Upon assuming office, Malhotra expressed his commitment to

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