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Singh is among the biggest leaders to return to the TMC, which they deserted for the BJP ahead of the elections to the Lok Sabha in 2019 and the Assembly in 2021. Adding more to the...
Technical AnalysisMay futures is facing resistance between 16,300 and 16,400 The benchmark indices – the Nifty 50 and the Sensex – began today’s session marginally higher on the back of positive cues from the Asian market....

Bank credit grows 10.82 pc; deposits rise 9.71 pc: RBI data

In the fortnight ended May 7, 2021, bank advances stood at Rs 108.70 lakh crore and deposits at Rs 152.16 lakh crore, according...

RBI allows settlement of trade transactions with Sri Lanka in INR

In March, the government had guaranteed a term loan of USD 1 billion extended by the State Bank of India (SBI) to Sri Lanka...

RBI rejects applications of 6 entities for on-tap bank licence: Sachin Bansal’s Navi among applicants rejected

The applications of The Repatriates Cooperative Finance and Development Bank (REPCO Bank) and Pankaj Vaish for universal banks, and applications by VSoft Technologies and...

Sachin Bansal to mull options as RBI rejects bank application

Chaitanya India is a microfinance subsidiary of Navi Technologies. Chaitanya India is a non-banking finance company (NBFC) which issues loans to low-income women in...

Bridging regulatory gaps for NBFCs

RBI did well to make scale the basis of NBFC regulation than type; this will allow the base layer, as defined by the regulator,...

RBI’s move to raise rates, good monsoon will help in containing inflation: CII

“I do believe that we are now in an era of higher interest rates. This will help us in bringing down inflation, at least...

Cryptos can lead to dollarisation of economy, RBI officials tell Parliamentary panel

Top RBI officials expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system. Cryptocurrencies can lead to...

RBI restricts withdrawals from Shankarrao Pujari Nutan Nagari Sahakari Bank, Kolhapur

However, 99.84 per cent of the depositors are fully covered by the DICGC insurance scheme. Under the Deposit Insurance and Credit Guarantee Corporation (DICGC)...

India’s forex reserves fall $1.774 billion to $595.954 billion

During the reporting week, the fall in the reserves was on account of a decline in the Foreign Currency Assets (FCA), a major component...

RBI appoints Rajiv Ranjan, Sitikantha Pattanaik as executive directors

Prior to being promoted as ED, Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR), while Ranjan was serving...

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI

The facility of lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to...

RRA recommends withdrawal of 239 more circulars: RBI

Regulations Review Authority (RRA 2.0) was set up to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on...

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