Search For "bank"
India's forex reserves touch fresh high of USD 675 billion, rose over USD
Updated : 1 year, 7 months ago IST
The reserves have been rising on and off for a long time now. So far in 2024, they have risen by about USD 45-50 billion, on a cumulative basis. The buffer of foreign exchange reserves insulates domestic economic activity from global spillovers.
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CBI arrests bank branch manager for demanding bribe to disburse loan under
Updated : 1 year, 7 months ago IST
The Central Bureau of Investigation (CBI) has arrested two accused including Branch Manager of Prathma U.P. Gramin Bank in Bijnor district of Uttar Pradesh and his associate, a private person while demanding and accepting a bribe to sanction a loan under the Prime Minister's Employment Gener
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LifeCell Forays into Skincare with AreoVeda, Specialising in Cellular Skin
Updated : 1 year, 7 months ago IST
Chennai (Tamil Nadu) [India], August 9: LifeCell, India's pioneering stem cell bank and a leader in diagnostics, genetic testing, and pre-conception care, is poised to disrupt the world of mother-baby skincare with the launch of AreoVeda. With this, the brand has unveiled a product range,
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 7 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 7 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 p
Updated : 1 year, 7 months ago IST
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 7 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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EV unit of China's Evergrande Group struggles with bankruptcy
Updated : 1 year, 7 months ago IST
The China Evergrande New Energy Vehicle Group (CENEVG), an electric vehicle production of Chinese Evergrande Group revealed that previously they had initiated talks with potential buyers, however, are now struggling with bankruptcy proceedings, Nikkei Asia reported.
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Lenders to share credit information on fortnightly basis instead of monthl
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has reduced the mandated frequency of reporting of credit information by Credit Institutions to Credit Information Companies.
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Likely that our High Commissioner will participate swearing-in of interim
Updated : 1 year, 7 months ago IST
The interim government in Bangladesh will be sworn in later in the day. Muhammad Yunus is a Bangladeshi social entrepreneur and founder of Grameen Bank, who was awarded the Nobel Peace Prize in 2006 for his efforts to create economic and social development through microcredit.
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Decentro Deepens Global SaaS Offering with Ledgers for Automated Reconcili
Updated : 1 year, 7 months ago IST
Bangalore (Karnataka) [India], August 8: Decentro, India's leading fintech infrastructure platform, has announced the global expansion of its comprehensive suite of the Ledgers module. Already empowering companies across India & Singapore, the company is looking to expand further across
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Sensex and Nifty close 582 and 180 points down after RBI keeps rates uncha
Updated : 1 year, 7 months ago IST
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
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