Search For "bank"
ED arrests two directors of multi-national rice company in bank fraud case
Updated : 1 year, 5 months ago IST
The Enforcement Directorate (ED) has arrested two directors of Amira Pure Foods Pvt. Ltd. (APFPL) under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in a Rs. 1200 Crore bank loan fraud case, according to a press release.
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World Bank raises India's growth outlook for FY25 to 7% from 6.6 %
Updated : 1 year, 5 months ago IST
The World Bank has raised India's economic growth forecast from 6.6 per cent to 7.0 per cent for the financial year 2024-25 citing the growth of agriculture output and policies as a major factor contributing to the employment growth in the economy.
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Monthly income of rural households increased by 57.6 per cent in 5 years:
Updated : 1 year, 5 months ago IST
A recent survey by the National Bank for Agriculture and Rural Development (NABARD) has revealed that average monthly income of rural household grew by 57.6 per cent in 5 years.
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Chartis Research Recognises Pennant Technologies as a Leader in Credit Len
Updated : 1 year, 5 months ago IST
Hyderabad (Telangana) [India], October 10: Pennant Technologies, an agile and innovative financial technology company, today announced it has been positioned as Category Leader by Chartis Research in the 2024 Market Quadrant Report on Credit Lending Operations. The report outlines the curren
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If rate cut happens in Feb, it will come with significant downward revisio
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and change the policy stance to neutral indicates that inflation is still the main concern for the central bank, according to a research report by Union Bank of India.
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Rate cut with 7 per cent of growth never happened in India or globally: SB
Updated : 1 year, 5 months ago IST
After the RBI projected more than 7 per cent of GDP growth for the entire financial year 2024-25, a latest report by State Bank of India noted that a rate cut with a 7 per cent growth never happened in the history.
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Nepal: India hands over second consignment of relief materials for flood v
Updated : 1 year, 5 months ago IST
Second Secretary Narayan Singh on behalf of the Government of India handed over the second consignment of relief aid to Assistant Chief District Officer of Banke, Datta Raj Hamal.
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Evonith Steel successfully completes refinancing with an INR 1,700 crores
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 9: Evonith Steel has successfully completed the refinancing of its Non - Convertible Debentures (NCDs) with a new facility of INR 1,700 Cr (c. US$ 200 Mn). This fundraising has allowed prepayment of all NCDs (NCD A & NCD B) held by Indian Banks along
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"Raut should come to MP, see money deposited to women's accounts": CM Yada
Updated : 1 year, 5 months ago IST
"It is brought to my notice that Shiv Sena (UBT) leader Sanjay Raut has said that beneficiaries of Ladli Behna Yojana are not getting money and the scheme has been closed. I would like to say that Raut should come to Madhya Pradesh and see how money is being deposited in the bank accounts of
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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RBI increases UPI limit for keypad phones, UPI lite wallet limit also incr
Updated : 1 year, 5 months ago IST
In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
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RBI cautioned NBFCs for incentives and targets for loans, warned action
Updated : 1 year, 5 months ago IST
The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
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