NRI remittances surge to record $11.9 billion in April-Oct: RBI

IANS | December 25, 2024 10:49 AM

New Delhi, Dec 25 (IANS) Inflows into in non-resident Indian (NRI) deposit accounts surged to $11.9 billion in April-October during the current financial year, which is nearly twice the corresponding figure of $6.1 billion for the same period last year, the latest figures compiled by the Reserve Bank of India (RBI) showed.

India’s savings rate shoots past global average: SBI report

IANS | December 23, 2024 11:55 AM

New Delhi, Dec 23 (IANS) India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday.