The Reserve Bank of India (RBI) granted an 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as an 'Investment and Credit Company (ICC)', as per an official release.
The reserves rose USD 1.46 billion at the end of last week after falling by a total of USD 15.8 billion in the previous four weeks, the RBI's statistical supplement showed on Friday.
Delivering a keynote address on 'Self-Regulation in Financial Markets - Looking Back and Looking Ahead' in Egypt, the deputy governor said, "Going ahead, greater challenges will emerge as the markets become more developed and interconnected, and as the range of products expand."
Digital Payment Apnao, Auron ko Bhi Sikhao (Adopt digital payments and Teach others also) -- will be the theme for this awareness week, according to the central bank's statement released on Monday.
Pune (Maharashtra) [India], March 4 (ANI/NewsVoir): The CRISIL AAA/STABLE and [ICRA]AAA(Stable) rated NBFC, Bajaj Finance has once again revised its FD rates by up to 35 bps. The revised FD rates are applicable for all new deposits and renewals with effect from 4th March 2023. After the hike
According to a statement from the central bank, the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers.
Mumbai (Maharashtra)/ New Delhi [India], March 3 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised Kotak Mahindra Bank Limited (Kotak), in relation to the acquisition of Sonata Finance Private Limited (Sonata), a Non-Banking Finance Company - Micro Finance Institution registered wi
Pune (Maharashtra) [India], February 28 (ANI/NewsVoir): Many investors aim to deposit their money in safer options to stay away from the chances of facing excess loss. SEBI, in a survey, reported that about 95 per cent of Indians prefer to invest in Fixed Deposit schemes as they are not asso
During the press conference held jointly by the finance ministry and the Reserve Bank of India on the G20 Presidency and the outcome of the G20 meeting, the finance minister said, "Indian Presidency got strong support for all our priorities. I am grateful to the US Secretary Janet Yellen