RBI Dy Guv highlights risks of 'Buy Now Pay Later' schemes

The rise of digital financial solutions like "buy now, pay later" (BNPL) schemes and increased credit card usage has led to a worrying trend—reduced savings among younger generations.

India likely to grow at 7.2 pc in FY25: RBI Dy Guv Patra

India's GDP growth is projected at 7.2% for 2024-25 and around 7% for the following fiscal, with a strong likelihood of returning to the 8% trend, according to Reserve Bank of India deputy governor Michael Debabrata Patra, speaking at the New York Fed Central Banking Seminar hosted by the Federal Reserve Bank.

RBI's Patra predicts 4.5% average retail inflation for FY25

Domestic savings to stay top lender for decades : RBI Guv

RBI Deputy Governor Michael Patra stated that domestic savings, primarily from households, will continue to be the main source of financing for India's investment needs, with external financing playing a supplemental role.

RBI sets up expert committee on benchmarking of statistics

The Reserve Bank of India (RBI) announced on Monday the formation of a 10-member panel, chaired by Deputy Governor Michael Debabrata Patra, to benchmark its statistics against global standards, with a report due by November 2024.