To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS)

Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

As more account holders get online to transact, there are problems on user experience on commonly used banking applications

The digital innovation India has made so far is here to stay. It needs adoption into commercial application to deepen the financial inclusion net

Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support

RBI will buy three government securities worth Rs 10,000 crore of different maturity dates. It'll sell two securities worth Rs 10,000 crore using multiple price auction method

Equity markets are entering the New Year with hope. Here's what lies ahead

How the FM can make it a 'never before' Budget. Top experts weigh in

With improved buyer sentiment, we see a positive impact on the fence sitters who will now come out and invest, further increasing the demand for more dynamic layouts considering the new normal

India has been knocked off course by the pandemic and, as a result, the UK overtakes the country in this year's forecasts and stays ahead till 2024 before India takes over again, says a latest report by CEBR

On December 30, RBI will purchase three government securities of different maturity dates aggregating to Rs 10,000 crore and sell two securities aggregating to same amount using multiple price auction method

India Stock Market Highlights Today: Global equities were bearish today as coronavirus infections increased in parts of North Asia, such as Japan and South Korea, and weighed on investor sentiment. European countries have banned flights from the UK as the British government began emergency lockdown on Sunday, over fear of new virus strain.

WhatsApp Payments aims to add to the growth of digital transactions in the country along the lines of the government's vision

Earlier the Reserve Bank of India (RBI) has announced that that this will provide a fillip to India's digital payments initiative

India Stock Market Highlights Today: During the session, Sensex hit an all-time high of 46,309 and Nifty too logged a record high of 13,579

The Reserve Bank of India's working group has recommended allowing large corporate and industrial  houses to set up commercial banks.  This is a big shift in the RBI's policy of granting banking licenses. The working group is also in favour of allowing well established NBFCs promoted by the large industrial houses to convert into banking entities. But the banking Licensing framework for large corporations should fix credit gaps in the financial system. The country today needs large banking units to fund infrastructure and MSMEs to create future revenue generating assets like roads , ports and airports , support manufacturing and create a good network of ancillary units for the world  and create employment opportunities. The retail banking space is already a crowded space and entry of new banks would only create more clones of the same. Anand Adhikari, Executive Editor, Business Today, explains more. WATCH MORE: Sorry, Modern Monetary Theory Not for India

With the rise in Cloud adoption, data generation and emergence of data-as-a-service model, data centre business in India is not just growing big, but also emerging as the new real estate asset class

Ghosh was associated with the Reserve Bank of India from 1980 to 1985 and has also offered his consultancy services to The World Bank on three occasions.

An internal working group of RBI has recommended that large corporates should be allowed to set up banks. Aditya Puri says if credit, scale and regulations can be ensured, then allowing them is almost a necessity