IOB, Central Bank of India Surge Up to 20% on Privatisation
Shares of two state-owned banks, Indian Overseas Bank (IOB) and Central Bank of India (CBI), rallied up to 20 per cent on the BSE in...
Tag : Reserve Bank of India (RBI)
PM’s Advisory Body Sees 7.5% Growth in FY23
The economic advisory body to the PM has predicted India’s economy to grow 7-7.5 per cent in FY23 and asked for a clear map for...
Dash-led RBI Committee Suggests Regulating Digital Loan Apps
A committee set up by the central bank has suggested reining in controversial digital loan apps through a mix of measures, including creating a nodal...
UBS Forecasts India’s GDP to 9.5% For FY22
Swiss brokerage UBS Securities has revised India’s GDP forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage...
RBI Wants Tax Benefits for Retail Direct Investments
The Reserve Bank of India (RBI) will approach the government to get tax benefits for retail investments in sovereign securities under the Retail Direct Scheme...
IndusInd Bank Slumps 10% Despite Clarification on Loan Evergreening Issue
Shares of IndusInd Bank slumped 10 per cent to Rs 1,069.90 on the BSE in Monday’s opening trade despite the bank management strongly refuting allegations...
Ratio of Currency in Use Records 14.5% of GDP
The ratio of currency in circulation as the balance of GDP reached a record of 14.5 per cent for fiscal 2020-21 amid the raised demand...
Centrum-BharatPe Backed Unity Small Finance Bank Commences Operations
On Monday, Unity Small Finance Bank (Unity Bank) commenced operations with a capital base of Rs 1,100 crore. The banking entity, promoted by Jaspal Bindra-led...
Centre Reappoints Shaktikanta Das as RBI Governor
The Appointments Committee of the Cabinet (ACC) has reappointed Shaktikanta Das as Governor of Reserve Bank of India (RBI) for three years. This appointment will...
Critical to Rebuild Trust in NBFCs: RBI
The Reserve Bank of India (RBI) noticed that Non-Banking Financial Companies (NBFCs) had faced reputation loss due to the failure of large entities in recent...