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Govt appoints three members on RBI's monetary policy panel

Economy

06 October, 2020

Govt appoints three members on RBI's monetary policy panel

The Indian government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank’s monetary policy ......

India's September factory output jumps the most in eight years but layoffs continue

Manufacturing

01 October, 2020

India's September factory output jumps the most in eight years but layoffs continue

India’s factory activity expanded at its fastest pace in over eight years in September as a relaxation in coronavirus lockdown ......

Dhanlaxmi Bank shareholders vote for ouster after new CEO ‘shakes things up'

Finance

01 October, 2020

Dhanlaxmi Bank shareholders vote for ouster after new CEO ‘shakes things up'

In yet another instance of investors’ activism, Dhanlaxmi Bank’s chief executive officer and managing director was voted out at the ......

RBI likely to keep rates on hold, defers monetary policy meeting

Economy

28 September, 2020

RBI likely to keep rates on hold, defers monetary policy meeting

The Reserve Bank of India is expected to keep key rates unchanged at its upcoming monetary policy review, but may ......

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Equitas Small Finance Bank cuts IPO size after SEBI breather

Finance

25 September, 2020

Equitas Small Finance Bank cuts IPO size after SEBI breather

Equitas Small Finance Bank Ltd, a unit of Equitas Holdings Ltd, has reduced the size of its planned initial share ......

India's recovery not entrenched, will only be gradual: RBI chief

Economy

16 September, 2020

India's recovery not entrenched, will only be gradual: RBI chief

Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched ......

Fraud-hit PMC Bank reaches out to major lenders for merger

Finance

16 September, 2020

Fraud-hit PMC Bank reaches out to major lenders for merger

India's fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from ......

S&P expects India's economy to contract 9% in FY21

Economy

14 September, 2020

S&P expects India's economy to contract 9% in FY21

S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ......

Govt likely to borrow more to tide over revenue shortfall

Economy

10 September, 2020

Govt likely to borrow more to tide over revenue shortfall

Revenue shortfalls in India, the major economy hardest hit by the coronavirus pandemic, are likely to force the government to ......

RBI accepts Kamath panel report on debt recast for stressed sectors

Finance

08 September, 2020

RBI accepts Kamath panel report on debt recast for stressed sectors

A committee set up by the Reserve Bank of India (RBI) to make recommendations on restructuring loans for the Indian ......