After RBI Slashes Key Rate, United Bank and Union Bank Pass on Benefits to Consumers: Good News for You as Banks Begin Rate CutsAb, Manju
The bus ticketing business went to earning $24.8 million this year from $19.8 million last year, marking a 25.4% growth rate YoY. There was an increase in gross bookings by 19.9% and a 21.4% increase in the number of bus tickets travelled YoY. MakeMyTrip’s “other” businesses increased...
24. Port Louis 25. Kuala Lumpur Back to top Contact us today Henley & Partners assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation. ENQUIRY
Opinion: Inflation not yet off priority Successive rate hikes began with a 40 bps hike from 4% at an off-cycle meeting in May 2022, its first rate increase in nearly four years and, therefore, “it is now necessary to evaluate the cumulative effect of rate hikes”. Early signs of a ...
Today, the Reserve Bank of India, leveraging its authority under section 35A of the Banking Regulation Act, 1949, has mandated Paytm Payments Bank Ltd to cease onboarding new customers immediately. Additionally, the bank is instructed to engage an IT audit firm for a thorough System Audit of ...
Today, the Reserve Bank released the June 2023 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement June 8, 2023, seven speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Weather Events and their Impact on Growth and...
The Central Bank found that there were material supervisory concerns in the Pricing Policy of these companies in terms of their Weighted Average Lending Rate (WALR). Further, the Interest Spread charged over their cost of funds was excessive and did not adhere to the regulations in themicrofinanc...
Home News Others RBI | Repo rate remains unchanged at 4% Last updated: 08 December 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 8, 2021) decided to: Keep the policy repo rate ...
Ujjivan Small Finance Bank today announced that it has received the RBI approval for the appointment of Mr. Ittira Davis as its Managing Director & CEO for a period of 1 (one) year. Mr Ittira Davis is a senior banker with over 40 years of rich experience having work...
The investors will earn an interest at affixed rate of 2.5% per annum on the nominal value, which will be paid on half-yearly basis. The SGBs are issued for a period of eight years, but may be redeemed pre-maturely upon completion of five years. The RBI also provides provision to ...