On Friday, IndusInd Bank promoter Hinduja Group tried to revise its bid for debt-laden Reliance Capital to Rs 9,500 crore, with an upfront cash outlay...
India’s broader indexes, BSE Midcap and BSE Smallcap have turned negative, with losses in six of seven sessions as global stocks fell. The BSE Midcap...
India’s benchmark index reversed a two-day losing streak to surge higher in early trade on Thursday, tracking gains in global equities following robust US economic...
Securitisation is the conversion of assets, primarily loans, into securities, usually by selling them to other lenders to raise cash. Hence, in India, securitisation is...
On November 21, the Reserve Bank of India (RBI) fined The Parwanoo Urban Cooperative Bank Ltd, Parwanoo Himachal Pradesh, Rs 3 lakh for breaching certain...
According to CNBC TV-18, the central government seeks SEBI to extend IDBI Bank’s 25% minimum public shareholding (MPS) standard after privatisation. The channel reported on...
On Wednesday, Kotak Mahindra Bank raised its marginal cost of fund-based lending rate (MCLR) by ten basis points. So, the lender’s one-year MCLR is 8.55%,...
Open, a new business-to-business banking platform, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license, the company...
On Monday, India’s gross domestic product growth for the current fiscal year (FY23) expects to be between 6.5% and 7%, Chief Economic Advisor V Anantha...