Search Results for: Reserve Bank of India

Finance

RBI imposes penalties on SBI and 13 banks for violation of rules

The violence includes non-compliance with certain provisions of directions issued by RBI The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on…

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Finance

Yes Bank to raise Rs 10,000 crore via debt securities

According to the RBI-backed rescue plan, the State Bank of India acquired up to 49 percent stake in Yes Bank The board of directors at…

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Finance

Sensex gains 359 points, banking and financial sectors took the lead

Bajaj Finance advanced by 7.6 per cent, Bajaj Finserv by 3.8 per cent, State Bank of India by 2.6 per cent and IndusInd Bank by…

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Finance

Fitch Ratings says India’s bank privatisation plans can face hurdles amid Covid

Fitch said political support in favour of legislative changes to the Act which are required in order to go through with the sale can be…

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Business News

Travel company Thomas Cook India has reduced its loss to Rs 68 crore

Thomas Cook India said it continues to maintain short-term liquidity and balance sheet strength in the uncertain environment with a continued focus on cash conservation

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Finance

RBI Governor Shaktikanta Das held a virtual meeting with PSU Bank

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday held a virtual meeting with managing directors and CEOs of public sector banks

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Technology News

Amazon cancels one-month prime subscription in India

Amazon will now just offer a three-month membership and a yearly subscription for Prime Video Video streaming platform Amazon Prime will now only offer a…

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Finance

In quarter four Yes Bank net loss swells to Rs 3,788 crore

Crisis-hit lender Yes Bank on Friday reported a standalone net loss of Rs 3,788 crore in the March quarter as against a net loss of…

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Finance

Why is Indian Rupee Kneeling to Dollar Again?

Performance of Rupee Vs Dollar is declining drastically in past 07 years from 54.78 in 2013 to 75.07 in April 2021 The rupee on 9th…

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Finance

RBI enhances the limit of maximum balance for payments banks

This has been done to furthering financial inclusion and to expand the ability of payments banks to cater to the growing needs of customers The…

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