Future Retail insolvency resolution reaches EOI stage

Future Retail insolvency resolution reaches EOI stage

The resolution professional of Future Retail Ltd (FRL) has invited 'expression of interest' from pro..

Rupee closes at record low

Rupee closes at record low

The rupee dipped 32 paise to close at a record low of 81.94 against the US dollar on Thursday amid r..

RBI hikes repo rate, lowers GDP forecast

RBI hikes repo rate, lowers GDP forecast

The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points and more rate hikes a..

RBI keeps inflation forecast unchanged

RBI keeps inflation forecast unchanged

The Reserve Bank of India (RBI) has retained the inflation forecast at 6.7% for FY23 while expressin..

HDFC Bank’s loan book surges in Q2

HDFC Bank’s loan book surges in Q2

HDFC Bank has seen a 23.5% growth in its loan book for the quarter ended September 2022, indicating ..

RBI plans to deploy AI for better regulatory supervision

RBI plans to deploy AI for better regulatory supervision

The Reserve Bank of India (RBI) is planning to extensively use advanced analytics, artificial intell..

No charge for RuPay credit card use on UPI for transactions up to Rs 2,000

No charge for RuPay credit card use on UPI for transactions up to Rs 2,000

There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactio..

SBI, ICICI Bank signal how EMIs, deposits will behave as RBI hikes rates

SBI, ICICI Bank signal how EMIs, deposits will behave as RBI hikes rates

State Bank of India (SBI), Bank of India and other lenders have hiked their lending rates  whil..

Govt cuts borrowing target in FY23 on tax mop up

Govt cuts borrowing target in FY23 on tax mop up

The Indian government has slashed its borrowing for FY23 by Rs 10,000 crore, partly helped by buoyan..

Personal loans catch up with industrial loans

Personal loans catch up with industrial loans

Personal loans have caught up with industrial loans and each enjoy nearly 27% credit share, RBI data..

Axis Bank to buy 9.94% stake in Go Digit Life Insurance

Axis Bank to buy 9.94% stake in Go Digit Life Insurance

Axis Bank has signed a non-binding term sheet to invest Rs 49.9-Rs 69.9 crore for a 9.94% stake in G..

Rupee sinks to all-time low of 81.67 against dollar

Rupee sinks to all-time low of 81.67 against dollar

The Indian rupee plunged to a new low of 81.67 against the US dollar while the Sensex, the stock mar..

Axis Bank, Samsung launch co-branded credit card

Axis Bank, Samsung launch co-branded credit card

Samsung and Axis Bank have partnered to launch a co-branded credit card, powered by Visa. The card w..

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra Finance’s vehicle recovery pace to slow down after RBI order

Mahindra & Mahindra Financial Services (MMFS) expects repossession activity of vehicles to reduc..

India’s forex reserves dip to near two-year low; rupee breaches 81-mark

India’s forex reserves dip to near two-year low; rupee breaches 81-mark

India's foreign exchange reserves dropped to $545.652 billion in the week ended 16 September, the lo..