Higher trade deficit and surge in gold imports push current account deficit up. In March quarter, current account deficit stood at $8.1 bn, or 1% of GDP.
Government expects fiscal deficit for 2021-2022 at 6.8% of GDP or Rs 15,06,812 crore.
Beyond the first 4 cash withdrawals per month, SBI will charge at branches, ATMs and cash distributing machines; this will come into force from 1 July.
Beyond the first 4 cash withdrawals per month, SBI will charge at branches, ATMs and cash distributing machines; this will come into force from 1 July.
FM Nirmala Sitharaman anounces Rs 1.1 lakh cr loan guarantee scheme for Covid-hit sectors; additional Rs 1.5 lakh cr for ECLGS scheme.
RBI extends the restrictions taking into account the time required for Centrum to complete takeover of PMC Bank; distress for depositors to continue this year.
NCLT approves Kalrock-Jalan consortium's resolution plan for Jet Airways, raising hopes that the bankrupt carrier will begin to fly again by end of this year.
Setting the ball rolling, the government invites proposals to appoint transaction and legal advisors for strategic divestment of IDBI Bank.
India’s retail inflation has crossed the Reserve Bank of India’s upper band target of 6%, with an alarming 207 bps jump in May relative to April 2021.
SAT brushes aside Sebi’s ruling, allows PNB Housing Finance to seek shareholder votes on Carlyle deal.
Rupee ended at 74.55 per dollar versus previous close of 74.43; this is its biggest dive on a single day since 5 Aug 2019.
SBI’s central board approves proposal to raise up to Rs 14,000 cr by issuing Basel-III compliant bonds.
RBI introduces legal entity identifier system for all payment transactions of value Rs 50 cr and above; to come into effect from 1 April.
Even non-customers can use this platform for queries related to the bank’s products, services, offers and location of ATMs and branches.
