Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more

RBI’s newest pitch Unified Lending Interface: How will it revolutionise credit availability

RBI’s newest pitch Unified Lending Interface: How will it revolutionise credit availability

The Reserve Bank of India (RBI) is all set to float its ‘Unified Lending Interface’ (ULI) technology platform, which is expected to offer “frictionless credit” and will soon be available nationwide. On Monday, RBI Governor Shaktikanta Das, while speaking at the Global Conference on DPI and Emerging Technologies, said the central bank is expecting the … Read more