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SBI plans to sell Yes Bank stake worth $2.2 bn by end-March

Finance

13 August, 2024

SBI plans to sell Yes Bank stake worth $2.2 bn by end-March

State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% ......

Rupee slips to fresh record low, in line with other Asian currencies

Economy

12 August, 2024

Rupee slips to fresh record low, in line with other Asian currencies

The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while ......

RBI holds rates again as inflation fight continues; retains GDP forecast

Economy

08 August, 2024

RBI holds rates again as inflation fight continues; retains GDP forecast

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, as it continued its efforts ......

Govt asks RBI to exempt sovereign funds from alternative investment fund rules

Finance

20 June, 2024

Govt asks RBI to exempt sovereign funds from alternative investment fund rules

The Indian government has asked the central bank to exempt sovereign funds from a recent set of tightened rules concerning ......

RBI rejects reappointment of Raj Kumar Bansal as MD, CEO of Edelweiss ARC

Finance

11 June, 2024

RBI rejects reappointment of Raj Kumar Bansal as MD, CEO of Edelweiss ARC

India's central bank has rejected Edelweiss Asset Reconstruction Company's request to reappoint Raj Kumar Bansal as its managing director and ......

RBI holds rates to further tame prices, raises growth outlook

Economy

07 June, 2024

RBI holds rates to further tame prices, raises growth outlook

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move, saying ......

Misuse of asset reconstruction firms to fast track insolvency process: RBI

Economy

31 May, 2024

Misuse of asset reconstruction firms to fast track insolvency process: RBI

Asset reconstruction companies (ARCs) are being misused by "tainted" promoters to enter the bankruptcy process after leading their firms to ......

Some asset reconstruction firms circumventing rules, says RBI deputy governor

Finance

29 May, 2024

Some asset reconstruction firms circumventing rules, says RBI deputy governor

Some Indian asset reconstruction companies (ARCs) have been circumventing regulations and have allowed themselves to be used for the evergreening ......

Rupee bucks trend against declining Asian currencies, rises to 2-month high

Finance

24 May, 2024

Rupee bucks trend against declining Asian currencies, rises to 2-month high

The Indian rupee rose to a two-month peak on Friday, boosted by likely strong dollar inflows into domestic equities even as most ......

RBI bars Kotak Mahindra from taking new clients online due to IT deficiencies

Finance

24 April, 2024

RBI bars Kotak Mahindra from taking new clients online due to IT deficiencies

India's central bank said on Wednesday it had barred Kotak Mahindra Bank from taking on new customers via its online ......