Employee attrition in private sector banks has witnessed an increase to about 25 per cent, RBI said in a report. It highlighted that this high turnover rate poses significant operational risk.
The foreign exchange reserves fell for a third consecutive week as of December 20, data from the Reserve Bank of India said on Friday.
Manmohan Singh was born on September 26, 1932. Apart from being an economist, Manmohan Singh served as Reserve Bank of India governor from 1982-1985. He was the 13th PM of India with his tenure from 2004-2014 and was the longest-serving PM after Jawaharlal Nehru and Indira Gandhi.
The amount involved in these frauds also jumped more than eight-fold to Rs 21,367 crore, RBI data said.
The Reserve Bank of India (RBI) in its report highlighted that the Real Effective Exchange Rate (REER) of the Indian Rupee increased to 108.14 in November 2024 from 107.20 in October 2024.
The MoU covers all current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries, it added.
In a bold move to revolutionise its digital payments ecosystem, the Reserve Bank of India (RBI) has set its sights on launching an interoperable payment system for internet banking in 2024.
It said that it found in a review that some arrangements between card networks and issuers are “not conducive to the availability of choice for customers”.
IIFL Finance shares hit the lower circuit of 20 per cent on Tuesday following the RBI order. The shares are trading at Rs 478.50, down 20 per cent.
Further, the shareholders of PPBL have agreed to simplify the Shareholders Agreement (SHA) to support PPBL’s governance, independent of its shareholders.
