The other two bidders were US-based Oaktree and Hong Kong-based SC Lowy. The last date to submit bids for DHFL was 17 Oct.
SBI chairman Dinesh Kumar Khara is elected as deputy chairman of IBA for the term 2020-21.
RBI to conduct purchase auction of state govt bonds for Rs 10,000 cr through open market operations on 22 Oct.
Credit card spends are higher than debit cards. This is despite the number of debit cards being 16 times higher than the number of credit cards.
Politeness is what makes a bank great and values are your personal bottom-line, says Rajnish Kumar. Read here the unedited transcript of his speech.
Rising food prices push up wholesale price inflation in Sep to touch a 7-month high at 1.3%. This is led by prices of potatoes and pulses. Retail inflation is at 8-month high at 7.34% in Sep. This leaves a bleak chance for RBI to cut rates.
RBI cut GDP growth forecast for FY22 to 9.5% from earlier estimate of 10.5% due to impact of Covid, leaving markets to retreat from new peaks; key policy rates left unchanged.
Coming into effect from Dec, the round-the-clock RTGS service will facilitate innovations in the large value payments ecosystem.
SBI chairman Dinesh Khara hints at retail and home loan interest rates lowering; HDFC chairman Keki Mistry explains why he feels demand for homes will be on the upsurge.
Indian economy may break out of contraction and turn positive during January-March, said RBI governor Shaktikanta Das.
The court said the Centre's affidavit on waiving "interest on interest" (compound interest) on loans up to Rs 2 crore needs to be submitted as it was not satisfactory.
Credit policy usually gets announced on 1 Oct. But as 3 external members of MPC could not be replaced after their terms expired, no meeting of the rate-setting panel could take place before 1 October.
After a surprise cancellation of the credit policy meet scheduled for 1 Oct, Govt appoints Ashima Goyal, Shashanka Bhide and Jayanth Varma to RBI's rate-setting panel.
