RBI
Finance
IndusInd Bank flags 2.27% net worth hit from accounting lapse post external probe
India's IndusInd Bank said on Tuesday it estimates a 2.27% hit to its net worth as of December-end after an ......
Finance
RBI move to deepen junk debt market to attract private credit funds, foreign investors
The Indian central bank's plan to allow lenders to bundle bad loans into tradable securities will draw foreign portfolio investors ......
Markets
Sensex, Nifty mirror global rout as trade war overshadows RBI's rate cut
Indian shares fell on Wednesday, mirroring a global market rout triggered by U.S. President Donald Trump's tariffs, as a widely ......
Economy
RBI cuts rates, changes stance to 'accommodative' as US tariffs add to growth risks
The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed ......
Markets
Nifty, Sensex rebound on bargain buying ahead of RBI rate decision
Benchmark equity indexes rose on Tuesday, lifted by bargain buying and a broader Asian rally, as hopes that global trade ......
Finance
How IndusInd Bank's push for profits and lax controls drove it to a crisis
IndusInd Bank ignored established Indian derivative accounting practices for years as it chased profit growth, resulting in a $175 million ......
Economy
Govt appoints former World Bank, IMF economist as RBI deputy governor
India appointed former World Bank and International Monetary Fund economist Poonam Gupta as the new central bank deputy governor for ......
Finance
Aditya Birla Finance to raise $150 mn in funding
Aditya Birla Finance is set to raise $150 million (Rs 1,283 crore) in funding to support its lending activities for ......
People
Bank of America set to appoint Vikram Sahu as new country head for India
Bank of America Corp is set to appoint Vikram Sahu as the new country executive for its India business, according ......
Finance
IndusInd taps Grant Thornton for fraud checks in accounting case
India's IndusInd Bank has appointed Grant Thornton to conduct a forensic review into accounting lapses detected this month and to ......
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