RBI

Axis Bank partners with RBI Innovation Hub

.1 year ago05 mins

Kolkata, (UNI) Axis Bank on Thursday announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit (PTPFC), introduced by the Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of the RBI. The RBI had earlier in the week announced the launch of the PTPFC, according to a media…

Retail inflation shoots up to 15-month high of 7.44 pc, breaches RBI’s upper tolerance band

.1 year ago04 mins

New Delhi, August 14 (UNI) India’s retail inflation measured by consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices. Retail inflation print was 4.87% in June this year. The latest inflation number is way above Reserve Bank of India’s (RBI) upper tolerance band of 6%. The…