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RBI board approves record surplus transfer of Rs 2.69 lakh crore to Centre
Updated : 10 months ago IST
This is the highest-ever surplus transfer by the RBI to the government for fiscal 2024-25 (FY25).
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Rs 27,000 crore government securities auction fully subscribed
Updated : 10 months ago IST
Government securities (G-sec) auction of Rs. 27,000 crore bonds in two tranches on Friday.
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MSME loan demand grew 11%, but supply declined 11% (Y-o-Y) in Jan-Mar 2025
Updated : 10 months ago IST
Commercial loan demand in the Micro, Small and Medium Enterprises (MSME) sector witnessed an 11 per cent year-on-year (YoY) growth in the January to March 2025 quarter, according to a report jointly released by the Small Industries Development Bank of India (SIDBI) and TransUnion CIBIL.
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Union Bank of India Empowers Dreams: Chhonzin Angmo Becomes First Visually
Updated : 10 months ago IST
Mumbai (Maharashtra) [India], May 23: Chhonzin Angmo has etched her name in history by becoming the first visually impaired female to stand atop the world's highest peak. Her quest to the pinnacles of glory was supported by Union Bank of India. With unwavering determination, Angmo reached Mo
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CompoSecure Survey Highlights India's Strong Demand for Metal Payment Card
Updated : 10 months ago IST
Mumbai (Maharashtra)/ Bangalore (Karnataka)/ New Delhi [India], May 22: CompoSecure, Inc. ("CompoSecure") (NASDAQ: CMPO), a leader in metal payment cards, security, and authentication solutions, today unveiled new insights from an independent survey conducted by Capuchin Behavioural Science.
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Getepay Receives Final RBI Approval to Operate as Online Payment Aggregato
Updated : 10 months ago IST
Jaipur (Rajasthan) [India], May 22: In a landmark development, Getepay, a digital payments and merchant enablement platform, has received final authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA) online under the RBI's payment regulatory framework. This
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RBI likely to go for deeper interest rate cuts amid slower growth, low inf
Updated : 10 months ago IST
The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy response to slower economic growth and controlled inflation, according to a report by Morgan Stanley.
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Trade tensions, policy uncertainty still hurting global growth, but India
Updated : 10 months ago IST
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).
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"Respect local language,"says CM Siddaramaiah after SBI manager refuses to
Updated : 10 months, 1 week ago IST
Karnataka Chief Minister Siddaramaiah on Wednesday strongly criticised the State Bank of India (SBI) branch manager in Surya Nagara, Anekal Taluk, Bengaluru for refusing to communicate in Kannada, despite the customer's request.
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Rupee to consolidate between Rs 84.63-85.74/USD due to moderation of globa
Updated : 10 months, 1 week ago IST
As the global uncertainties show signs of moderation and geopolitical tensions along India's borders settle, the Rupee will witness stability, said Union Bank of India (UBI) report.
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Emirates NBD in India: Bank gets in-principle nod to set up wholly owned s
Updated : 10 months, 1 week ago IST
The Reserve Bank of India (RBI) has decided to grant "in-principle" approval to Emirates NBD Bank for setting up a Wholly Owned Subsidiary (WOS) in India.
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SEPC Ltd Announces Rs350 Crore Rights Issue; Bags Rs 180 million Order fro
Updated : 10 months, 1 week ago IST
Chennai (Tamil Nadu) [India], May 20: SEPC Limited (formerly Shriram EPC Ltd), a leading EPC services provider, has announced a Rights Issue to raise up to Rs350 crore through the issuance of partly paid-up equity shares. The company's Board of Directors approved the issue terms on May 13, 2
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