The Fed hikes interest rates by another quarter of a percentage point to a range of 4.75% to 5%, increasing the odds that RBI would follow suit next month.
Canara Bank has sold its stake in Commercial Indo Bank LLC (CIBL) to joint venture partner State Bank of India for Rs 121.29 crore.
RBI fines private lender RBL Bank Ltd Rs 2.27 crore for not complying with certain directives on loan recovery agents.
Credit Suisse is among the 30 financial institutions known as globally systemically important banks and authorities worried about the fallout if it were to fail.
RBI imposes penalty of Rs 5 lakh on HDFC for non-compliance with certain provisions issued by the National Housing Bank.
Ashwani Kumar’s name has been recommended by Financial Services Institutions Bureau to be next MD and CEO of UCO Bank.
Inflation dips marginally to 6.44% in February but stays outside RBI’s upper band target of 6%, indicating that the central bank could go for a rate hike in its next monetary policy.
Adani Group repays loans aggregating $2.65 billion to complete a prepayment programme ahead of 31 March deadline.
As RBI-mandated 3-year lock-in period for individual investors and exchange-traded funds in Yes Bank gets over, private lender may face selling pressure.
With latest pledge, total shares in Adani Green Energy that were encumbered with SBICap was 2%; in case of Adani Transmission, this came to 1.32%.
Former RBI Governor Raghuram Rajan asks why SEBI has not yet got to bottom of ownership of four Mauritius-based funds who are said to have parked 90% of their $6.9 billion in Adani group stocks. He questions whether it needs help of investigating agencies for this.
Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4%.
Adani group has three bond issuances due for repayment in 2024, including $650 mn by Adani Ports and two of renewable energy unit Adani Green Energy Ltd.
RBI imposes penalty of over Rs 3.06 crore on Amazon Pay for non-compliance with certain provisions of Prepaid Payment Instruments and Know Your Customer direction.
NCLT gives approval for merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors; takes merger of parent with HDFC Bank a step closer.
