RBI will soon kickstart pilot launch of e-rupee for specific use cases as it tests digital currency in India.
RBI approves Prashant Kumar’s appointment as managing director and CEO of Yes Bank for three years with effect from October 6, 2022.
Government intends to divest 30.48% equity while LIC will offload 30.24% stake in IDBI Bank.
Rupee depreciates 15 paise to close at record low of 82.32 against US dollar; several factors are keeping the Indian currency vulnerable.
The resolution professional of Future Retail invites expression of interest from prospective buyers under the ongoing Corporate Insolvency Resolution Process.
Rupee dips 32 paise to close at record low of 81.94 against dollar amid rising oil prices, corporate demand for the greenback and outflows on defence-related payments.
RBI retains inflation forecast at 6.7% for FY23 while expressing caution about headwinds despite recent correction in crude prices.
RBI plans to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs.
There will be no charge for RuPay credit card use on UPI for transactions up to Rs 2,000, NPCI said
Govt slashes borrowing for FY23 by Rs 10,000 crore, partly helped by buoyant tax collections which would be adequate to support Rs 44,762 crore of extra expense on free ration distribution.
SBI and others raise lending rates while ICICI also ups interest on deposits, indicating northward movement of interest rates on both sides of spectrum amid tightening of monetary policy by RBI to tame inflation.
Rupee plunges to a new low against US dollar while Sensex sheds 953.70 points amid fears of prolonged rising inflation, successive rate hikes and looming recession in advanced economies.
The co-branded credit card will allow consumers to get 10% cashback across all Samsung products and services; this will be over and above existing Samsung offers, on both EMI and non-EMI transactions.
Axis Bank signs non-binding term sheet to invest Rs 49.9-Rs 69.9 crore for 9.94% stake in Go Digit Life Insurance as part of its plan to tap into the fast-growing insurance market.
Mahindra & Mahindra Financial Services expects repossession activity of vehicles to reduce temporarily following RBI’s directive asking it to stop using third-party services for loan recovery.
