India April Services PMI Soars to 13-Year High of 62.0
On May 3, India’s services sector plunged in April as the sector’s Purchasing Managers’ Index (PMI) upsurged to 62.0 from 57.8 in March, according to...
Tag : Reserve Bank of India (RBI)
Sequoia and Tiger Global-Backed Jupiter Secures NBFC Licence
Neobanking platform Jupiter has secured a non-banking financial company (NBFC) license from the Reserve Bank of India to enter the lending business, which will double...
HDFC Bank Gets Post-Merger Relief
To ease the pressure on HDFC Bank and HDFC, the Reserve Bank of India (RBI) has allowed the bank to gradually meet priority sector loan...
IDBI Bank Shares Up 10% on Report RBI Has Started Bid Evaluation Process
Shares of state-run lender IDBI Bank surged 13% in intraday trade before closing nearly 10% higher on the BSE on reports that the Reserve Bank...
AU Small Finance Bank Shares Soar 15% After RBI Agrees to Reappoint its MD, CEO
Shares of AU Small Finance Bank surged more than 15% in early trade on Thursday after the company’s current MD and CEO received regulatory approval...
RBI to Set Up Portal to Search Unclaimed Deposits in Multiple Banks
On Thursday, the Reserve Bank of India (RBI) announced a centralised portal for accessing details of depositors’ or their beneficiaries’ unclaimed deposits across banks. As...
RBI Allows UPI to be Linked to Credit Line Pre-Sanctioned by Banks
On Thursday, the Reserve Bank of India (RBI) proposed expanding the scope of the Unified Payments Interface (UPI) digital payment system to allow transfers in/out...
RBI Fines 2 Banks for Breaking Rules
On March 27, the Reserve Bank of India (RBI) said it had fined two banks for violations and non-compliance with norms. Aligarh Zila Sahkari Bank...
IDFC First Bank Partners with Crunchfish to Demonstrate Offline Retail Payments
On Monday, IDFC First Bank partnered with Swedish company Crunchfish to pilot a project demonstrating offline retail payments. IDFC First Bank will be part of...
RBI fines Imperial Urban Cooperative Bank for Breaking Rules
The Reserve Bank of India (RBI) said on March 20 that it had fined Imperial Urban Cooperative Bank Rs 1 lakh for breaching specific banking...