For much of economic history, the idea that production would eventually generate its own demand rested on a set of strong assumptions: flexible prices, full employment, and a financial system that transmitted savings smoothly into investment.
“The UK global fintech hub also has a well-established ecosystem with deep expertise in payments, regtech, suptech and open finance. Its emphasis on robust governance has ensured that fintech growth has been both rapid and sustainable,” the RBI Governor said.
“The domestic financial system is exhibiting resilience, fortified by healthy balance sheets of banks and non-banks,” the central bank said.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday said the central bank is working to improve the financial system by expanding access, improving efficiency, and strengthening resilience in a changing economic landscape.
Most big defaulters are well-connected tycoons and have the money to employ legal eagles who can play the judicial system ~it is here the law flounders. India has some of the most draconian laws in books; they are ineffective against powerful dodgers. We keep producing new laws when the existing ones are adequate and just need more teeth to obtain results.
Subsequent decline in credit-deposit ratio of 44.60 per cent in Himachal Pradesh is a major concern for banking sector and…
The world is almost certain to witness a financial tsunami, warns financial analyst Ernst Wolff in his latest book, FinanzTsunami:…
