Kotak Mahindra Bank Raises MCLR by 10 Bps
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%,...
Tag : RBI
Open Gets RBI’s In-Principle Approval For Payment Aggregator Licence
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...
FY23 GDP Growth to Not Exceed 7%, Says CEA Nageswaran
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...
Commercial Loans Flow on Capex Revival
There has been a clear reversal in fresh capital speculation by corporates, with bank loan demand being controlled by infrastructure, roads, renewable energy, and oil...
Go First Plans to Avail Rs 600 Crore Loan Under ECLGS
Budget Airline Go First plans to soon avail Rs 600 crore loan below the Emergency Credit Line Guarantee Scheme (ECLGS) for its processes ahead of...
EU Financial Regulators Exclude 6 Indian Counterparties
European banks functioning in India is likely to find it problematic to operate viably if the Reserve Bank of India (RBI) and Securities and Exchange...
ICICI Bank, PNB, Bank of India Raise MCLR Home Loan Interest Rate
Three banks, ICICI Bank, Punjab National Bank (PNB) and Bank of India, raised the marginal cost of funds-based lending rate (MCLR) two days before the...
Sensex Rises More Than 500 Points on Hopes of Fed Becoming Less Hawkish
India’s benchmark index rose for a third straight week on Monday, while Asian stocks got off to a good start on expectations of a hawkish...
UCO Bank Opens Special Rupee Account with Russia’s Gazprombank
Russia’s Gazprombank opened a Special Rupee Account with the state-owned UCO Bank, paving the technique for bilateral trade between Moscow and New Delhi, reports media....
Asia’s Richest Banker, Uday Kotak Weighs $1 Billion Real Estate Fund
According to people familiar with the matter, Kotak Investment Advisors Limited, supported by Asia’s richest banker Uday Kotak, is considering raising about $1 billion for...