RBI bars banks from crypto services, plans e-currency

Reserve Bank of India (RBI) has announced a major crackdown on cryptocurrencies, even as it unveiled plans to create its own digital currency.

Trade tensions may rise on protectionism: WTO chief

Ahead of a meeting of over 40 countries in New Delhi, the World Trade Organisation (WTO) on Monday warned of escalation of trade tensions following recent US decision to increase tariffs and urged members to work together to “step back from...

According to data compiled by ratings agency ICRA, Indian banks are set to report a fresh spike in bad loan numbers based on new RBI norms that require lenders to classify loans, henceforth restructured as non-performing assets.

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