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The bulletin cited the pandemic-imposed retrenchment of Q1FY21 turned out to be much shallower in Q2 and the economy is reflating at a pace that beats most predictions.

The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.

The Startup India action plan provides tax and other incentives. So far, over 41,000 startups have been recognised by the department. 

Citing reports on individuals and small businesses falling prey to the growing number of unauthorized digital lending platforms and mobile apps on promises of getting loans in a quick and hassle-free manner

This is because the move will help them in strengthening their balance sheet by improving their leverage ratios and creating a buffer or reserve and surplus for fresh lending.

App-based loans have already claimed six lives who succumbed to the aggressive recovery tactics by lenders

They lend money for short term and collect huge interest from borrowers, which is sometimes 23 per cent of the loan amount

The police asked people not to download any loan-based application as most of them were exploitative

The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).

UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.

Amalgamation provides stability and better prospects to LVB's depositors, customers and employees following a period of uncertainty

It’s best to heed the advice of Rajan and Acharya and to stick to the tried and tested on corporate involvement

Permitting large NBFCs to convert into banks is a well-thought move to increase the size and presence of banking system

The achievement is impressive as the 85-year-old Reserve Bank was also a latecomer to the world of Twitter as it created the account only in January 2012.

"Students who do not study in English medium or those who are not from Hindi speaking States face serious disadvantage in these competitive examinations," he said.

Collapsing banks points to lack of proper supervision by RBI and oversight by Finance Ministry

S&P said this deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years

Says central bank need not give LVB free of cost to DBS Bank

Centre must increase public spending to stimulate demand and strengthen growth momentum