A Public Interest Litigation (PIL) seeks direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami transactions.
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
In a regulatory filing to the stock exchanges, the banking major said this was the largest single infrastructure bond issued by any Bank in the country.
India's foreign exchange reserves during the week that ended on November 25 rose by USD 2.89 billion to USD 550.14 billion, the Reserve Bank of India data showed on Friday evening. This is the third consecutive week of rising reserves.
T Rabi Sankar said financial benchmarks, used as reference for pricing, valuation and settlement of financial instruments, were a key driver of price integrity of financial markets.
According to a statement by the pharma company, Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators including the US Federal Trade Commission, the Competition Commission of India and the Reserve Bank of India, and its investors, respectively.
Union Minister of Ports, Shipping and Waterways and Ayush Sarbananda Sonowal on Tuesday inaugurated the regional business office of State Bank of India in Tinsukia and ceremonially handed over loan sanction papers to self-help groups (SHGs) in the area.
The central bank said this penalty had been imposed in exercise of powers vested in RBI conferred under Banking Regulation Act, 1949, according to a statement of the central bank released on Monday.