SEBI reconstitutes advisory committee on market data; Head- S Sahoo The Securities and Exchange Board of India (Sebi) has restructured its advisory committee on market data. The 20-member committee recommends policy …
Government keeps interest rates on Small Savings Schemes unchanged for Quarter-4 of 2021-22 The interest rates on the small savings schemes will remain the same for fourth quarter of 2021-2022 …
Rajeev Ahuja appointed as interim CEO of RBL Bank The Reserve Bank of India (RBI) has approved the appointment of Rajeev Ahuja as Interim Managing Director & Chief Executive Officer …
Equitas Small Finance Bank Board approves re-appointment of Vasudevan PN as MD & CEO The Board of Directors of Equitas Small Finance Bank Limited has approved the re-appointment of Vasudevan …
ICRA Projects India’s GDP at 9% in FY22 and FY23 Domestic credit rating agency ICRA Ltd. has projected the real gross domestic product (GDP) of India at 9 percent for …
SBI acquires 9.95% stake in India International Clearing Corporation (IICC) India’s largest public-sector lender, State Bank of India (SBI) has announced the acquisition of 9.95 percent stake in India International …
RBI approves to increase LIC’s stake in Kotak Mahindra Bank to 9.99% from 4.96% The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation (LIC) to …
RBI announces higher cap on promoter stake in private banks at 26% after 15 yrs The Reserve Bank of India had formed an Internal Working Group (IWG) in June 2020, …
RBI imposes Rs 1 Crore penalty on SBI For violating norms The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of …
ADB approves USD1.5 bn loan to India for COVID-19 vaccine procurement The Asian Development Bank (ADB) has approved $1.5 billion loan (approx Rs 11,185 crore) to help the Government of …
Moody’s Projects India’s GDP growth forecast in FY22 at 9.3%; FY23 at 7.9% Moody’s Investors Service has projected the GDP growth rate prediction for India for FY22 and FY23 as …
JP Morgan named world’s most systemic bank: FSB JP Morgan Chase has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB). In total …
India and ADB sign USD 300 million loan agreement to improve primary health care in India The Government of India and the Asian Development Bank (ADB) have signed loan agreement …
ICICI Bank launches online platform ‘Trade Emerge’ for exporters and importers Private sector lender ICICI Bank has launched an online platform called ‘Trade Emerge’ for Indian exporters and importers to …
Goldman Sachs projects India’s GDP at 9.1% in FY22 Wall Street brokerage Goldman Sachs has predicted India’s GDP for FY22 at 9.1% in its recent Macro Outlook 2022 report. Earlier …
SBI Ecowrap report projects India’s GDP for FY22 between 9.3%-9.6% The State Bank of India (SBI) economists in its research report – Ecowrap, has revised upwards the GDP growth projection …
EPFO gets approval to park 5% of annual deposits in InvITs and other alternative funds The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) have approved …
India received $87 billion in remittances in 2021: World Bank India has received USD 87 billion in remittances in 2021 as per the report titled “Migration and Development Brief 35” …
Paytm Money launches AI-powered ‘Voice Trading’ facility Paytm Money, a wholly-owned subsidiary of fintech platform Paytm, has launched Voice Trading, powered by artificial intelligence. Voice Trading facility will allow users …
SIDBI joins hand with Google for $15 million financial assistance programme to help MSMEs The Small Industries Development Bank of India (SIDBI) has collaborated with Google on November 18, 2021 …
