India To Grow at GDP of 7% in FY25: NITI Aayog member Arvind Virmani
Last month, the Reserve Bank of India (RBI) estimated that the GDP growth rate for the fiscal year 2025 would be 7.2%. NITI Aayog member...
Tag : RBI
RBI Allowed Resident Indians to Open Foreign Currency Accounts in GIFT IFSC
Indian residents can now take advantage of the liberalised remittances scheme (LRS) to open foreign currency accounts (FCA) at Gift City under the liberalised remittances...
RBI Penalised Five Indian Banks For Regulatory Non-Compliance in First Week of July
In the first week of July, the Reserve Bank of India (RBI) took action against five banks for not following various RBI rules. The latest...
RBI Appointed Two New Executive Directors From July 2024
Reserve Bank of India (RBI) has announced the appointment of two new Executive Directors – Charulatha S Kar has been appointed Executive Director (ED) with...
RBI Monetary Policy Committee Meeting in June 2024: Key highlights
The RBI’s Monetary Policy Committee (MPC) convened its first meeting following the Lok Sabha Elections 2024 and decided to maintain the repo rate at 6.5%. ...
RBI Discusses With SEBI To Allow Mutual Funds To Sell Debt To ARCs
The Reserve Bank of India (RBI) is in discussions with the Securities and Exchange Board of India (Sebi) to allow mutual funds to sell their...
Kotak Mahindra Bank Shares Bought by 39 Mutual Fund Houses, Shares Traded Flat
Kotak Mahindra Bank shares traded flat on May 13, after 39 mutual funds bought shares in the Bank, worth over Rs 8,100 crore, which helped...
RBI Proposed New Rules For Projects Funded Via Project Finance
The Reserve Bank of India (RBI) has proposed new rules for lending to projects that are still under construction. These new norms will help the...
Manappuram Finance Shares Slump 4% on Receiving Rs 43 Lakh Fine From RBI
Shares of Manappuram Finance were trading 4% lower on 17 November after the company was slapped with a fine worth Rs 42.78 lakh from the...
HDFC Life Faces Rs 942 Crore GST Demand
HDFC Life Insurance has received a cause-and-demand notice from the Directorate General of Goods and Services Tax Intelligence asking why the insurance company should not...