The Reserve Bank of India (RBI) namely HDFC Bank has been selected for the 'test phase' of the 'On Tap' application facility for the theme 'Retail Payments' under regulatory Sandbox.
India's external debt rose by 8.2 per cent year-on-year to USD 620.7 billion as of March 2022, as per the Union Finance Ministry's 'Status Report on India's External Debt 2021-22'.