HDFC-HDFC Bank Merger to be Completed in July
HDFC Bank chief financial officer Srinivasan Vaidyanathan said HDFC Bank, the country’s largest private bank, will complete its reverse merger with its parent Housing Development...
Tag : Reserve Bank Of India
Sobha Shares Up 4% on Sales at Rs 1,463 Crore, But Regulatory Concerns Remain
Shares of property developer Sobha opened more than 4% higher on April 10 after the company said its quarterly sales hit an all-time high of...
HDFC-HDFC Bank Merger Approved, Board Considering Raising Funds Through NCDs
India’s largest mortgage lender, Housing Development Finance Corp (HDFC), plans to raise funds through non-convertible debentures (NCDs) to meet its capital requirements post-merger with HDFC...
RBI’s Forex Reserves Upsurge for 5th Consecutive Week to $564.07 Billion
The Reserve Bank of India‘s foreign exchange reserves increased by $2.9 billion, i.e. worth $564.07 billion, on December 9. This is the fifth repeated week...
Sensex Falls 215 Points, Nifty Below 18,600 on Volatility After RBI Rate Hike
Indian stocks were under pressure for a fourth straight session on December 7 after the Reserve Bank of India raised interest rates for the fifth...
Real Estate Stocks Fall as RBI Rate Hike Worries About Home Loan Affordability
The Nifty Realty index fell 1.15% on December 7 after the Reserve Bank of India hiked the benchmark lending rate by 35 basis points to...
RBI Shortlists Five Banks for Its Digital Currency Pilot Project
The Reserve Bank of India has partnered with at least five banks to launch a pilot project for its digital currency, the digital rupee, for...
LIC Housing Finance Falls 13% on Disappointing September Quarter Results
In Wednesday’s intra-day trade, LIC Housing Finance shares plunged 13% to Rs 349.10 on the BSE on the back of heavy volumes after the company...
India’s Forex Reserves Record Lowest Level Since July 2020
The data showed that the Reserve Bank of India‘s foreign exchange reserves weakened from $4.5 billion to $528.37 billion on October 14. The current trend...
India Inc’s Overseas Direct Investment Drops 59% at $1.03 Billion, Says RBI
Annually, India Inc’s Investment in its overseas ventures dropped by 59% to $1.03 billion in August 2022, the Reserve Bank of India data showed on...