India’s retail inflation fell below RBI’s upper tolerance level of 6% for first time in 11 months in November due to softening of food prices but pause in interest rate hikes may still not be on the cards.
RBI shortlists seven global consultancy firms to use artificial intelligence and machine learning for supervisory functions.
RBI has moved along expected lines, raising repo rate by 35 basis points, lowering growth expectation and maintaining its 6.7% inflation forecast for the current fiscal year ending March.
Indian government will allow a consortium of foreign funds and investment companies to own over 51% stake in state-owned IDBI Bank.
State Bank of India has put a new feather in its cap by crossing the Rs 5-trillion mark in personal banking advances minus high-value home loans.
If you are in Hyderabad, you can buy gold from an ATM machine; credit for setting up India’s first gold ATM goes to Goldkikka Pvt Ltd.
RBI gives conditional approval to US private equity investors Carlyle Group and Advent International to acquire a combined 20% stake in Yes Bank.
Duff and Phelps estimates Reliance Capital’s liquidation value at Rs 12,500 crore; RBSA pegs it at Rs 13,200 crore
Manufacturing and mining sectors contract; agricultural output and construction sector see expansion.
Acquisition of 12,370,050 equity shares is at Rs 11.43 per share; Yes Bank plans to acquire additional 10% stake in JC Flowers ARC.
Retail digital currency to be distributed through banks; users will be able to transact through digital wallet offered by participating banks and stored on mobile phones/devices.
State Bank of India approves raising Rs 10,000 crore through infrastructure bonds in FY2023; to include green shoe option of Rs 5,000 crore.
Credit growth is broad-based, reflecting pick-up in economic activities; bank deposits stand at 9.8%.
The fundraising step may be seen as a move by banks to issue securities, including infrastructure bonds, to meet rising credit demand and lock in funds at cheaper rates.
Punjab National Bank holds 15.22% stake in UTI AMC worth Rs 1,329 cr at current value; divestment to be made in single or multiple tranches.
