RBI Deputy Governor Swaminathan J

Institutional credit score to agriculture reached an all-time excessive of ₹25.10 lakh crore throughout 2023-24

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Institutional credit score to agriculture reached an all-time excessive of ₹25.10 lakh crore throughout 2023-24, reflecting the significance of financing in driving agricultural development, based on RBI Deputy Governor Swaminathan J. He additionally highlighted that Indian agriculture faces a demographic problem, with the typical age of farmers now at 50.1 years, underscoring the necessity to … Read more

Banks, non-banks ought to reorient their grievance redress framework to help Inner Ombudsman: RBI DG Swaminathan

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Regulated entities ought to reorient their grievance redress framework to help the Inner Ombudsman (IO) mechanism to make sure easy functioning of the general inside grievance redress course of, in accordance with RBI Deputy Governor Swaminathan J.  Additionally learn: RBI receives bids from banks for allotment of ₹3-lakh cr towards notified quantity of ₹2.5-lakh cr … Read more