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Stock Market Slides as RBI Policy Decision Weighs on Financials and Consumer Stocks

by Craig Fedirighi
Stock Market Slides as RBI Policy Decision Weighs on Financials and Consumer Stocks

BENGALURU: Indian shares declined on Thursday, dragged by financials on the central bank’s measures to reduce excess liquidity, and consumer stocks on inflation concerns, after the Reserve Bank of India …

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Categories Business

RBI Maintains Repo Rate at 6.5%, Ensuring No Impact on EMIs | India Business News

by Craig Fedirighi
RBI Maintains Repo Rate at 6.5%, Ensuring No Impact on EMIs | India Business News

NEW DELHI: For the third time in a row, the RBI’s high-powered monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent. The repo rate is …

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Categories Business

Why the RBI May Choose to Keep Interest Rates Unchanged and Maintain the Status Quo

by Craig Fedirighi
Why the RBI May Choose to Keep Interest Rates Unchanged and Maintain the Status Quo

The Reserve Bank of India (RBI) is unlikely to change interest rates and will maintain the status quo, according to the ongoing third monetary policy committee meeting. The outcome of …

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Categories Business

Transferred Funds: Deposits of Rs 48,461 crore Move to Depositor Education & Awareness Fund

by Craig Fedirighi
Transferred Funds: Deposits of Rs 48,461 crore Move to Depositor Education & Awareness Fund

Unclaimed deposits worth Rs 48,461.44 crore pertaining to 16,79,32,112 accounts have been transferred by the banks to Depositor Education & Awareness Fund as on March 31, 2023, Parliament was informed …

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Categories Business

Recovery of Non-Performing Accounts: Creditor’s Right

by Craig Fedirighi
Recovery of Non-Performing Accounts: Creditor’s Right

MUMBAI: Edelweiss Financial Services said on Sunday that recoveries on NPA accounts are not just a right of a creditor but also an obligation. Stating that it has acted in …

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Categories Business

Second Consecutive Weekly Decline: Forex Reserves Plummet by $3 Billion to $603.87 Billion

by Craig Fedirighi
Second Consecutive Weekly Decline: Forex Reserves Plummet by  Billion to 3.87 Billion

MUMBAI: India’s forex reserves dropped by $3.165 billion to $603.87 billion for the week ended July 28, the RBI said on Friday. This is the second consecutive weekly drop in …

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Categories Business

5 Key Facts to Consider Before Borrowing from a Digital Lending App

by Craig Fedirighi
5 Key Facts to Consider Before Borrowing from a Digital Lending App

Home Business – 5 Things To Keep In Mind Before Taking A Loan From A Digital Lending App Here are some important factors to consider before applying for a loan …

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Categories Business

RBI Approves ICICI Bank’s Plan to Raise Stake by Up to 4% in Subsidiary ICICI Lombard

by Craig Fedirighi
RBI Approves ICICI Bank’s Plan to Raise Stake by Up to 4% in Subsidiary ICICI Lombard

ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private …

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Categories Business

RBI Reports 88% of Rs 2000 Notes in Circulation Have Been Returned

by Craig Fedirighi
RBI Reports 88% of Rs 2000 Notes in Circulation Have Been Returned

The RBI announced that 88% of the Rs 2000 notes in circulation have been returned to banks as of July 31, amounting to a total value of Rs 3.14 lakh …

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Categories Business

Sebi Proposes Consultation Paper to Enhance Safeguards in Securities Market’s Account Aggregator Framework

by Craig Fedirighi
Sebi Proposes Consultation Paper to Enhance Safeguards in Securities Market’s Account Aggregator Framework

Sebi on Tuesday came out with a proposal on collating and defining use cases of Financial Information Users (FIUs) in the Account Aggregator framework in securities markets. This is aimed …

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Categories Business
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