After declining for three months, CPI-based inflation rises to 7% in August from 6.71% a month ago; RBI may go for aggressive rate hike in next monetary policy.
RBI deputy governor T Rabi Sankar has urged for a law to protect customers' privacy to ensure that monetisation of customer data is done in a responsible manner.
SBI’s Haliyal branch has been fined Rs 85,177 by a consumer forum in Karnataka for dishonouring a cheque after failing to recognise Kannada numeral on it.
The 101-year-old bank will be able to raise Rs 831.60 crore at the upper end of the price band of Rs 500-525 per share.
NCLT directs Zee Entertainment Enterprises Ltd to convene shareholders’ meet on 14 Oct for approving merger with Sony.
RBI releases an alert list of illegal forex trading platforms and cautions against people undertaking transactions on them.
In an aggressive credit outreach programme, Bank of Maharashtra has sanctioned loans worth about Rs 1,000 crore.
CSB Bank will seek shareholders' nod this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed.
The Rs 832-crore IPO got subscribed 1.53 times on the second day, receiving bids for 1,33,68,460 shares against 87,12,000 shares on offer.
Tamilnad Mercantile Bank, which will have its IPO open Monday, has appointed Krishnan Sankarasubramaniam as its MD and CEO with immediate effect.
Recoveries from insolvency cases have increased to 30.6% in Q1 of FY23 compared to 26% in year-ago period.
SAT dismisses appeals filed by minority shareholders of Tamilnad Mercantile Bank to stall the bank from going ahead with its Rs 832-crore IPO.
Taking advantage of RBI’s easing of norms to aid incremental foreign fund inflows, Yes Bank has hiked interest rate on NRE fixed deposits by 50-75 basis points; FCNR deposits are also attracting higher rate of interest.
IndusInd Bank enters into partial guarantee programme with ADB with an initial outlay of Rs 560 crore, exclusively towards supply chain financing.
India’s GDP expanded 13.5% in the April-June quarter, its fastest growth in a year, but missed the RBI estimate of 16.2%.
