Strategic global backing strengthens credit profile; outlook remains stable
Breaking News
Rising energy costs, trade disruptions, and remittance risks threaten India’s economic stability
In a decisive step toward strengthening India’s financial ecosystem, the Reserve Bank of India has announced a series of reforms under its strategic blueprint ‘Utkarsh 2029’
A recent six-week disruption in a key Gulf shipping route triggered supply constraints, forcing India to prioritise energy distribution—an alarming signal for policymakers and industry alike.
India’s foreign exchange reserves made a strong comeback, rising by $9.06 billion to $697.12 billion for the week ended April 3, according to data released by the Reserve Bank of India.
In a significant move to strengthen India’s digital payments infrastructure, Axis Bank has joined the interoperable netbanking platform Banking Connect, developed by NPCI Bharat BillPay Ltd.