India's Manappuram Finance surges after central bank lifts ban on unit
Shares of Indian gold loan financier Manappuram Finance rose as much as 6% on Thursday, a day after the country's central bank removed restrictions imposed on the company's unit. The Reserve Bank of ...
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HDFC Bank gets Reserve Bank of India nod for stake hike in three banks
The nod allows the group to hold up to 9.5% stakes in Kotak Mahindra Bank, AU Small Finance Bank, Capital Small Finance Bank.
Rise in US bond yields, strong NDF dollar bids push rupee to record low of 85.93
The Indian rupee hit a record low of 85.93 per U.S. dollar due to rising U.S. bond yields and strong dollar bids, but the ...
India forecasts 2024/25 economic growth of 6.4%, slowest in four years
India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of ...
Bank Holidays in India 2025: A complete month-wise list of holidays across India
Enlisted below is an officially announced Reserve Bank of India's (RBI) list of holidays month-wise for different parts of ...
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RBI Mandates Account Name Verification for RTGS and NEFT Transfers by 2025
FaceTec ’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern ...
Rupee to stay under pressure, all eyes on central bank's defence of 85.80
The Indian rupee is tipped to stay under pressure on Monday with the U.S. dollar holding near a two-year peak, while traders ...
Reserve Bank of India releases Draft Formats of Financial Statements of Co-operative Banks
RBI stated today that in terms of Section 29, read with Section 56 of the Banking Regulation Act, 1949, co-operative banks are required to prepare a balance sheet and profit and loss account as on the ...
India’s July-Sept. Current Account Gap Stays Flat After Revision
India’s current account deficit stayed largely flat in the July-September period from the previous quarter’s number, which ...
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India's Economic Trajectory: Slowing Growth Amid Inflation Challenges
India's economy projected to grow at 6.4% in 2024-25, down from 8.2% in 2023-24, as per the Ministry of Statistics. The ...
Reserve Bank of India unveils master directions on credit information reporting
The Reserve Bank of India (RBI) has come up with a new master direction to banks and financial institutions on credit information reporting. Credit Information Companies must alert customers when ...
New RBI chief faces calls to unshackle rupee amid surging dollar
India’s new central bank head faces a tough decision on managing the rupee’s exchange rate — focus on squeezing volatility ...