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Relevance: GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? As RBI celebrates its 90th year, we acknowledge its significant role in central banking. The Reserve Bank of India was founded on April 1, 1935, as per the stipulations of the Reserve Bank …
Read MoreWhy in the news ? RBI’s strict measures to control lending and improve compliance are expected to slow loan growth, raise costs, and impact valuations. About the Regulatory Measures and Impact: RBI’s stringent actions aim to control lenders’ exuberance, enhance compliance, and protect customers. S&P Global predicts a slowdown in loan growth to 14% in …
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