SBI has declared Reliance Communications’ loan account as ‘fraud’ and named Anil Ambani in its RBI report. The telecom firm, currently under insolvency proceedings, says the loans pre-date CIRP and are being addressed through a resolution plan.
RBI says while in CY-2013, there were 222 crore digital transactions valued at Rs 772 lakh crore, it has increased 94 times in volume and more than 3.5 times in value to over 20,787 crore transactions valued at Rs 2,758 lakh crore in CY-2024
An RBI report says a similar growth trajectory is witnessed in card transactions as well. During CY2024, there were 447.23 crore and 173.90 crore payment transactions worth of Rs 20.37 lakh crore and Rs 5.16 lakh crore through credit and debit cards, respectively
The State government should convince the RBI, which released the report on Thursday, to consider its figures on the outstanding liabilities rather than convincing the members in the House, he said, asking the Minister to quote the latest figures, and not obsolete figures.
In its latest report "Handbook of Statistics on Indian States", the Reserve Bank of India (RBI) has debunked the Congress government's claims of Telangana's Rs.7 lakh crore debt, lending credence to assertions by the BRS.
Mumbai: A whopping Rs 70,000 crore is lying with various banks, insurance companies, and mutual funds as unclaimed amounts by the depositors/legal heirs/nominees. In the case of banks, the unclaimed amount is over Rs 48,200 crore at the end of FY22, according to a Reserve Bank of India (RBI) report. The unclaimed deposits in the […]
