The Central Banking London in a release said that the two initiatives have been key to this work. Sarthi, meaning 'charioteer in Hindi, digitised all the RBI's internal workflows.

The Reserve Bank of India (RBI) has rolled back the higher risk weight assigned for bank loans to NBFCs in 2023. (Image Source: Reuters) A lower risk weight will mean that lenders need to set ...

RBI's approach may aim to minimize the impact on rupee liquidity while keeping currency volatility in check. At the same time, rupee's REER has fallen, meaning its overvaluation is lower now.