Loans to Get More Expensive as SBI Hikes Benchmark Lending Rate By 0.5%
State Bank of India (SBI) hiked its benchmark lending rate by 50 basis points (or 0.5%), resulting in higher EMIs for borrowers. The loan rate...
Tag : Reserve Bank Of India
NCLT Approves Piramal Enterprises Demerger of Pharma Business
The National Company Law Tribunal (NCLT) has approved the spin-off of Piramal Enterprises’ (PEL) pharmaceutical business and the simplification of the company’s corporate structure, Piramal...
HDFC Bank Signs Agreement with TReDs Platform M1xchange
Trade receivable discounting platform M1xchange has partnered with HDFC Bank to provide small businesses with more liquidity at competitive prices. “HDFC Bank has partnered with...
NRI Can Now Pay Bills Directly in India
The Reserve Bank of India allows non-resident Indians (NRIs) to pay bills directly in India. Now cross-border remittance payments. By enabling the Bharat Bill Payment...
Markets Shrug Off Central Bank Rate Hikes as Rate-Sensitive Stocks Continue to Climb
Shares of car companies and banks were either steady or climbing after the Reserve Bank of India raised the repo rate (the rate the RBI...
RBI Dive in Forex Markets Keeps Rupee From Sinking Below 80
The intervention of the Reserve Bank of India (RBI) has saved the rupee from breaching the psychologically critical mark of 80 to a dollar in...
RBI Cancels Certificate of Registration of Four NBFCs
On Tuesday, the Reserve Bank of India (RBI) rejected the Certificate of Registration of non-banking financial companies (NBFCs). Four NBFCs have cancelled their Certificate of...
New Debit, Credit Card Rules for OTP Requirements Take Effect
The Reserve Bank of India has allowed an immediate increase in the limit of e-mandate/standing instructions on credit/debit cards and Prepaid Payment Instruments (PPIs) from...
LIC’s Rs 21,000 Crore IPO Oversubscribed
Life Insurance Company of India (LIC)‘s record Rs 21,000 crore initial public offering (IPO) is oversubscribed. Exchange data showed that as of 12.06 pm today,...
Retail Investors in India Buy Corporate Bonds At Rs 10,000 for Start-ups
In India, corporate bonds sell to start-up firms by retail investors. At least ten new financial technology platforms have sprung up during the pandemic, intending...