IndusInd Bank Shares Fall 5% as RBI Reappoints MD, CEO for Shorter Terms
Shares of IndusInd Bank fell 5% to Rs 1,084 in intraday trade on Monday after the Reserve Bank of India (RBI) approved the reappointment of...
Tag : Reserve Bank of India (RBI)
Yes Bank Shares Flat as SBI’s 3-Year Lock-In Period Ends This Week
Shares of YES Bank opened lower on Monday as State Bank of India’s (SBI) three-year lock-in period ended this week. However, the stock recovered quickly...
RBI Fines Nakodar Hindu Urban Cooperative Bank
The Reserve Bank of India (RBI) said on March 6 that it had imposed a fine of Rs 3 lakh on Nakodar Hindu Urban Cooperative...
Forex Reserves Drop to 11-Week Low
India’s foreign exchange capital dropped for the third straight week to smash an eleven-week low of $561.27 billion for the week ended February 17, the...
Yes Bank Launches Floating Rate Fixed Deposit Scheme
The Mumbai-based private bank said on February 23 that Yes Bank had launched a floating-rate fixed deposit scheme for domestic customers with a tenor of...
SBI to Launch UPI-Based Real-Time Cross-Border Remittance Service
On February 22, the State Bank of India (SBI) said it would allow real-time foreign inward and outward remittance services through the Unified Payments Interface...
Indians Spend $1 Billion monthly on Foreign Travel: RBI
Indians spend nearly $1 billion monthly on foreign travel, which is knowingly more than the pre-Covid stages, discloses Reserve Bank of India (RBI) data on...
Draft Norms on Lending of Government Securities Released
According to a press release on Friday, the Reserve Bank of India (RBI) has released draft guidelines on government securities lending. In its latest monetary...
SBI Loans to be Costlier as Bank Hikes Key Lending Rate
State Bank of India (SBI) has announced a 10 basis point (bps) hike in the marginal cost of fund-based lending rate (MCLR) across the tenor....
PhonePe Raises Another $100 Million from Tiger Global, Others at $12 Billion Valuation
Digital payments and financial services unicorn PhonePe has raised $100 million from Tiger Global, Ribbit Capital and TVS Capital as part of its larger ongoing...
