HDFC-HDFC Bank Merger, NCLT Approves Shareholders’ Meet
The National Company Law Tribunal (NCLT) has agreed to hold a shareholders’ meeting to obtain approval for the proposed merger of HDFC and HDFC Bank....
Tag : RBI
Allahabad HC Issues Notice to RBI, Demands CBI Probe against IMC
On Tuesday, Allahabad High Court issued a notice to the Reserve Bank of India (RBI) on a plea seeking a CBI investigation against Indian Mercantile...
RBI Cancels License of Pune-Based Seva Vikas Cooperative Bank
The Reserve Bank of India (RBI) on Monday cancelled the license of Pune-based Seva Vikas Cooperative Bank, as the urban cooperative bank lacked sufficient capital...
India’s Forex Reserves Fall For Nine Weeks In a Row
India’s forex reserves dropped by $4.9 billion, and reserves declined for the country for a ninth consecutive week. They were $537.52 billion at the end...
Rupee Falls to Fresh Record Low of 82.64 Per USD
On Monday, the US Federal Reserve perceived sticking to a 75 basis point (bps) rate hike after a stronger-than-expected US jobs data report; the rupee...
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
RBI Hikes Repo Rates by 50 Bps to 5.9%, 3rd Time in Row
On September 30, The Reserve Bank of India (RBI) declared a 50 basis points hike in the repo rate to step up its fight against...
ArcelorMittal in Race to Buy IBC’s Srei Group of Companies
According to a CNBC-TV18 report on September 28, ArcelorMittal has submitted an Expression of Interest (EoI) to acquire Srei Equipment Finance and Srei Infra Finance,...
Banks See Decline in Savings Bank Deposits and Accretion in FDs, Says RBI Data
Banks are witnessing a shift in deposits from savings accounts to fixed deposits (FD) whilst credit growth is gathering steam. Data from the fortnight reporting...
Indian Rupee Falls Below 81 Mark Against US Dollar for First Time
The Indian rupee fell below the 81 mark against the dollar for the first time on Friday, hitting a record low, while the 10-year bond...