Union Bank of India sets floor price for the issue at Rs 142.78 per share.
Kotak Mahindra Bank has made key leadership changes, the first after Ashok Vaswani took charge as CEO; Shanti Ekambaram is made deputy MD.
Ashish Vijayakar is appointed as managing director and CEO of SBM Bank India for a period of three years, starting 17 February.
RBI Governor Shaktikanta Das said recurring food price shocks and renewed flash points on geo-political front pose challenges in tackling inflation.
RBI asks Visa and Mastercard to stop card-based commercial payments made by small and large businesses due to concerns over KYC compliance.
Retail inflation cooled to a three-month low of 5.1% in January amid lower food prices.
RBI extends pause on repo rate for sixth consecutive time; liquidity management to be two-way; inflation projected lower at 4.5% for FY25, GDP at 7%.
RBI’s decision follows requests made by market makers to access offshore electronic trading platforms offering permitted Indian rupee products.
Higher dividend from banks and financial institutions and improvement in tax mobilisation to help achieve fiscal deficit glide path; fiscal deficit expected to fall below 4.5%.
The Rs 47.66 lakh crore budget for 2024-25 has increased due to rise in expenditure and higher allocation for capital expenditure and social sector schemes.
This is Finance Minister Nirmala Sitharaman’s sixth consecutive budget, matching the record of former prime minister Moraji Desai.
HDFC Bank has applied to Monetary Authority of Singapore for a banking licence and is awaiting approval.
Appointment is for three years, effective from 29 April; Kutty has been part of DCB Bank leadership team for past 16 years
RBI proposes stricter rules for housing finance companies that accept public deposits to ensure that they come at par with NBFCs.
Retail inflation climbs to 5.69% in December while industrial production slips to low of 2.4% in November.
