Food Prices Continue to Surge Despite Retail Inflation Eases in April
Government data showed that food prices continue to remain elevated despite India’s retail inflation rate easing slightly in April due to lower fuel prices. The annual retail...
Tag : Reserve Bank of India (RBI)
Bank of Baroda Shares Surge 3% as RBI Onboarding New Customers Via App
Shares of Bank of Baroda were trading in the green and 3% higher on 9 May after the company received approval from the Reserve Bank...
Kotak Mahindra Bank Shares Crash 13% Post RBI Action
Shares of Kotak Mahindra Bank Ltd crashed 13% and hit a 52-week low of Rs 1,602 on 25 April after the Reserve Bank of India ordered the...
Paytm Payments Bank and RBI: Unfolding Narrative and Challenges
Since the Reserve Bank of India (RBI) barred Paytm Payments Bank Ltd (PPBL) from accepting any more deposits from February 29 due to “persistent non-compliance”,...
IIFL Finance Shares Sank 20% as RBI Inspects and Orders to Cease Providing New Gold Loans
Shares of IIFL Finance dropped 20% after the Reserve Bank India (RBI) instructed the company to cease sanctioning and disbursing new gold loans immediately due...
Paytm Shares Locked at 5% Upper Circuit Over RBI’s Deadline Extension, Axis Bank Partnership
Shares of One 97 Communications Ltd, the parent company of Paytm, were locked at a 5% upper circuit for the second straight day after the...
Crisis at Paytm Payments Bank: RBI Issues FAQ for Customers, Addresses 30 Queries
On Friday, following the monetary policy announcement by the Monetary Policy Committee (MPC) on February 8, the Reserve Bank of India (RBI) published a Frequently...
First RBI MPC Meeting in 2024: Repo Rate Unchanged at 6.5%, Real GDP Growth in FY25 Projected at 7%
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept repo rates unchanged at 6.5%, in line with widespread expectations. This decision came...
Paytm Shares Jump 10% after CEO Vijay Shekar Sharma meets RBI, FM
Shares of One97 Communications Ltd, the parent company of payment aggregator Paytm, hit a 10% upper circuit after the company’s founder and CEO, Vijay Shekhar...
HDFC Bank gets RBI Approval to Acquire up to 9.5% Stake in 6 Indian Banks
The Reserve Bank of India (RBI) on February 5, 2024, approved HDFC Bank’s proposal to acquire an “aggregate holding” of up to a 9.5% stake...