Architects of AI 2025 recognition: Time Magazine names influential AI leaders as Person of the Year, highlighting AI’s transformative impact on society, economy, and governance. Time Magazine Names “Architects of AI” as 2025 Person of the Year Introduction: A Historic Recognition In a landmark announcement for 2025, Time Magazine named the influential figures behind artificial…
RBI’s Strategic Move to Strengthen Foreign Exchange Reserves In a notable economic development, the Reserve Bank of India (RBI) has significantly increased its gold reserves by purchasing 57.5 tonnes during the fiscal year 2024–25. This move demonstrates India’s continued strategy to diversify its foreign exchange (forex) reserves amid global economic uncertainties and inflationary pressures. As…
Introduction Digital payments in India have witnessed rapid growth over the past few years, driven by the increasing adoption of online transactions, government initiatives, and technological advancements. In February 2025, key digital payment systems such as Unified Payments Interface (UPI), Immediate Payment Service (IMPS), FASTag, and Aadhaar Enabled Payment System (AEPS) continued to show significant…
The RBI Ombudsman and Its Role in Customer Grievances Introduction to the RBI Ombudsman System The Reserve Bank of India (RBI) Ombudsman is a key component of the financial system designed to resolve customer grievances related to banking services. Established as part of the broader consumer protection initiative, the Ombudsman acts as an intermediary to…
RBI’s Monetary Policy Meeting 2024: Key Decisions and Implications Introduction to the RBI Monetary Policy Meeting The Reserve Bank of India (RBI) convened its crucial monetary policy meeting in October 2024, addressing the country’s economic landscape marked by inflationary pressures and the need for sustainable growth. This meeting holds significant importance as it shapes the…
State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone State Bank of India (SBI), the largest public sector bank in India, achieved a significant milestone as its market capitalization crossed the ₹8 lakh crore mark. This achievement highlights the robust performance and confidence of investors in the bank’s growth prospects. Market Cap Milestone…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
Yes Bank Launches YES Grandeur: Elevating Banking for Elite Customers Yes Bank has recently introduced a premium banking proposition named YES Grandeur, aiming to cater to the discerning needs of elite customers. This initiative comes as a strategic move by Yes Bank to expand its services and enhance its clientele base. With YES Grandeur, the…
UNCTAD and IMF Forecasts for India’s GDP Growth in 2024 The economic outlook for India in 2024 has garnered significant attention with forecasts from both the United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF). Both organizations have provided insights into the expected GDP growth rate for India in the…
CCI Approval for Axis Bank’s Stake Acquisition in Max Life Insurance In a significant development for the banking and insurance sectors, the Competition Commission of India (CCI) has granted approval to Axis Bank’s proposal to acquire a stake in Max Life Insurance Company Limited. This move marks a strategic collaboration between two major players in…
