India’s foreign exchange reserves increased by $3.6 billion to $405.64 billion as on March 15, data from the Reserve Bank of India (RBI) showed. In
Day: March 23, 2019
Cheaper loans? RBI may effect 25 basis point cuts in April, June/August – The Financial Express
By Indranil Sen Gupta & Aastha Gudwani The standing call for a RBI OMO calendar for June stands. However, the money market will still be in slight deficit/neutral
Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan | Business Standard News
The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton
Pay up, make peace: Promoters make one-time settlements with banks on loans | Business Standard News
With rising litigation over insolvency cases, banks are increasingly opting for loan settlement offers from defaulting firms under Section 12A of the Insolvency and Bankruptcy
RBI defers launch of IndAs again, awaits amendments to the banking laws | Business Standard News
The Reserve Bank of India (RBI) has postponed roll out of the new accounting standards (IndAS) for the second time. It is awaiting amendments to the banking laws before
EPFO payroll data: 8.96 lakh jobs created in Jan, 76.48 lakh in last 17 months: EPFO payroll data – The Economic Times
Net employment generation in the formal sector touched a 17-month high of 8.96 lakh in January, according to the latest EPFO payroll data. The EPFO has been releasing payroll
HDFC Bank warns about this fraud; Know how to keep your money safe – The Financial Express
Online frauds such as cyber threat, internet crime and hacks have also increased, with the increased adaption of technology. Leading banks like the State Bank
India needs more reforms to remain the fastest-growing large economy: IMF | Business Standard News
GDP growth India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has
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