Introduction India, the world’s largest democracy, is undergoing a rapid digital revolution. The launch of the Digital India programme in July 2015 marked a decisive step towards transforming India into a digitally empowered society and a knowledge-driven economy. One of the most remarkable areas where this initiative has had a transformative impact is the financial…
Introduction The Reserve Bank of India (RBI) is the apex financial institution of India and serves as the cornerstone of the country’s banking and financial system. Established on April 1, 1935, under the Reserve Bank of India Act, the RBI was nationalized in 1949 to align with India’s economic priorities. Over the decades, it has…
The banking sector in India is a critical pillar of the country’s financial system, facilitating economic growth, financial inclusion, and capital formation. Over the past few years, the sector has undergone significant changes, driven by regulatory reforms, digital transformation, and government interventions. However, it has also faced persistent challenges, including non-performing assets (NPAs), financial fraud,…