It is the most drastic step the lender has taken to improve its finances and will be followed by the sale of non-core assets such as real estate
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Das said that MPC will retain its accommodative monetary policy stance at a time when globally inflation is rising alarmingly even as investment activity is showing some traction in the country
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HDFC is making efforts to reduce its carbon footprint through responsible lending policies, by encouraging green housing and integrating employees into climate strategy
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But March's 17-month-high inflation number leaves little room for the RBI other than hiking sooner rather than later, and all but three of 46 economists in an April 20-25 Reuters poll expected the RBI to raise the repo rate for the first time since 2018 in June.
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The company's board has declared a final dividend of Rs 12.75 per share, amounting to Rs 24 per share for FY22, which is its highest ever
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The association is the second between Fino Bank and SSFB and the first one as listed entities. Earlier, Fino partnered with SSFB to offer sweep account facility to its customers to address the Rs 1 lakh end of the day deposit limit, which was later revised to Rs 2 lakh
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Surovtsev welcomed India's diplomatic response to the situation following the war in Ukraine
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RBI is planning to come out with a central bank backed digital currency using blockchain technology in 2022-23
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Union Bank of India on Wednesday said it will sell its 8 per cent stake in India SME Asset Reconstruction Company
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The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations pertaining to voluntary liquidation process as part of efforts to streamline the process
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