India’s retail inflation has eased to 5.59% in July compared to 6.26% in June and 6.30% in May; food prices moderate.
Halted by SAT’s split verdict on the Rs 4,000 cr Carlyle deal, Punjab Housing Finance is looking to raise Rs 35,000 cr debt.
RBI will start imposing from 1 Oct a penalty of Rs 10,000 per ATM in the event of a cash-out situation for more than 10 hours in a month.
With SAT giving a split verdict in petition filed by PNB Housing Finance against Sebi, Carlyle’s Rs 4,000-cr stake deal in housing finance firm is likely to end in Supreme Court.
RBI keeps key policy rate unchanged at 4% for 7th consecutive time as growth continues to be overarching concern despite rising inflation.
RBI has given banks further time till 31 October 2021 to streamline their current accounts according to the new rules issued last year.
Vodafone Idea’s Rs 1.8 lakh crore debt worries bankers; plan meeting as Kumar Mangalam Birla offers to hand over stake in firm to government.
Indian Overseas Bank is in talks with Union Bank of India to sell its 35% stake in India International Bank, Malaysia.
Venugopal Dhoot has also sought NCLAT to direct lenders to consider Rs 31,789 cr settlement plan submitted by him under IBC.
Cabinet approves amendment that would allow depositors of a bank under moratorium to withdraw up to Rs 5 lakh in 90 days.
RBI indefinitely bars Mastercard from issuing new debit, credit or prepaid cards to domestic customers for violating local data storage rules.
A consortium of Indian banks can pursue freezing order to seek repayment of debt owed by Kingfisher Airlines; this follows British court’s bankruptcy order against Vijay Mallya.
Under SBI’s ‘Aarogyam Loan’, entire healthcare ecosystem can avail of loans up to Rs 100 crore repayable in 10 years.
