RBI Monetary Policy Committee Meeting in June 2024: Key highlights
The RBI’s Monetary Policy Committee (MPC) convened its first meeting following the Lok Sabha Elections 2024 and decided to maintain the repo rate at 6.5%. ...
Tag : RBI
RBI Discusses With SEBI To Allow Mutual Funds To Sell Debt To ARCs
The Reserve Bank of India (RBI) is in discussions with the Securities and Exchange Board of India (Sebi) to allow mutual funds to sell their...
Kotak Mahindra Bank Shares Bought by 39 Mutual Fund Houses, Shares Traded Flat
Kotak Mahindra Bank shares traded flat on May 13, after 39 mutual funds bought shares in the Bank, worth over Rs 8,100 crore, which helped...
RBI Proposed New Rules For Projects Funded Via Project Finance
The Reserve Bank of India (RBI) has proposed new rules for lending to projects that are still under construction. These new norms will help the...
Manappuram Finance Shares Slump 4% on Receiving Rs 43 Lakh Fine From RBI
Shares of Manappuram Finance were trading 4% lower on 17 November after the company was slapped with a fine worth Rs 42.78 lakh from the...
HDFC Life Faces Rs 942 Crore GST Demand
HDFC Life Insurance has received a cause-and-demand notice from the Directorate General of Goods and Services Tax Intelligence asking why the insurance company should not...
RBI Approves FLDG Framework, Paytm and Fintechs Might Benefit
During the first bi-monthly monetary policy meeting for FY23-24, the Reserve Bank of India (RBI) approved the First Loss Default Guarantee (FLDG) framework subject to...
Manappuram Shares Tank 14% After ED Froze 143 Crore Assets in Money Laundering Case
On May 5, Manappuram Finance shares fell 14% in early trade, trading at Rs 103 on the BSE at 9:32 am. This came after the...
RBI Clarifies Terms of HDFC-HDFC Bank Merger
On Friday, HDFC Bank told the exchanges that it had obtained clarifications from the Reserve Bank of India on its merger with HDFC. The explanations...
Paytm Shares Surge After RBI Gives Extra 15-Days to Resubmit Application for Payment Aggregation Service
Shares of One97 Communications, which owns and operates digital payments firm Paytm, rose on Monday after it said it had been given an additional 15...