Paytm Locked at 20% Lower Circuit For Second Day Post-RBI’s Restrictions
Shares of One 97 Communications, the parent company of Paytm, opened at a 20% lower circuit for the second consecutive session following the Reserve Bank...
Tag : Reserve Bank of India’s (RBI)
RBL Bank Shares Rally 5% as RBI Approves ICICI-Pru AMC and ICICI-Pru Life for Stake Acquisition
Shares of RBL Bank rallied 5% on 29 December after the company announced that ICICI-Pru AMC and ICICI-Pru Life had received approval from RBI (Reserve...
Banks Might Need Rs 84,000 Crore Excess Capital Following RBI’s Tweaks On Unsecured Loans
Reserve Bank of India, on 17 November, tightened the norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight...
Mastercard Ban to Hit Citi And RBL’s Customer Acquisition
The Reserve Bank of India’s (RBI) ban on Mastercard is expected to hit customer acquisition of many banks, particularly those which issue credit and debit...
Delhi HC Passes Interim Order Restraining Coercive Action Against IHFL
On Tuesday, Delhi high court passed an interim order restraining coercive action against mortgage lender IndiaBulls Housing Finance Limited (IHFL) for not paying the...
SBI Cuts Interest Rates on Fixed Deposits (FDs)
A day after Reserve Bank of India’s (RBI) monetary policy review meet, country’s top lender, State Bank of India (SBI), has announced a cut in...
Allahabad Bank, PNB Launch Repo Rate-Linked Retail Loans
Punjab National Bank Punjab National Bank(PNB) and Allahabad Bank have launched retail loan product that is linked to the Reserve Bank of India’s (RBI) repo...