India can’t match China’s past 8-10% growth, Morgan Stanley says

India can’t match China’s past 8-10% growth, Morgan Stanley says

India is unlikely to achieve the 8%-10% economic growth rates that China pulled off over the long term, Morgan Stanley’s chief Asia economist said, even though the investment bank remains optimistic about the South Asian nation’s prospects.India’s economy will likely grow steadily at 6.5%-7% over the long term, Chetan Ahya said in interview Monday with … Read more

Paytm Payments Bank releases FAQs on closing FASTag accounts, refund

Paytm Payments Bank releases FAQs on closing FASTag accounts, refund

Paytm Payments Bank has released a detailed FAQ on their website in light of the new directive that comes into force on March 15, concerning the acceptance of new deposits. The bank has provided clarity especially on the usage and management of FASTags issued by them, in compliance with the Reserve Bank of India‘s (RBI) … Read more

Shaktikanta Das: Shaktikanta Das honoured as ‘Governor of the Year’ at London’s Central Banking Awards 2023

Shaktikanta Das: Shaktikanta Das honoured as 'Governor of the Year' at London's Central Banking Awards 2023

LONDON: Reserve Bank of India governor Shaktikanta Das has received the ‘Governor of the Year’ award at London’s Central Banking Awards 2023.The Central Banking Awards 2023 winners were announced in late March this year. Two top prizes went to the National Bank of Ukraine — the 2023 Central Bank of the Year and the Reserve … Read more