Government raises interest rates of small savings schemes by up to 70 basis points for June quarter, making them competitive against bank fixed deposits.
The land of iconic Hindustan Photo Films gets parceled out as part of debt resolution; this is first case after IBBI’s amendment allows for part resolution and part liquidation.
With repo rate unchanged, prices of home and other loan products will not go up; pause only for this meeting, RBI Governor Shaktikanta Das emphasised.
RBI will set up a centralised portal to help depositors and their beneficiaries to search for their unclaimed bank deposits that are older than 10 years.
Credit bureaus can be penalised for delays in updating credit information. The move will also limit the indiscriminate use of customer data by lenders.
The co-branded fuel credit card launches on RuPay platform; is designed to give savings on fuel spends and LPG purchase FasTags , grocery and other utility spends.
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.
