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RBI wary of contraction in bank credit to firms

MUMBAI, March 5 -- Contraction of credit to large industries and infrastructure remains a cause of concern, the Reserve Bank of India (RBI) said. However, credit growth to medium industries has accel... Read More


Public sector banks eye '70,000 crore corpus for farm fund

MUMBAI, March 5 -- A clutch of state-run banks with significant exposure to the farm sector has initiated discussions with the government to set up a credit guarantee fund to cover defaults by farmers... Read More


Razorpay to buy back ESOPs worth Rs.73 cr

New Delhi, March 5 -- Payment solutions startup Razorpay on Thursday announced its third employee stock ownership plan (ESOP) buyback worth $10 million or Rs.73 crore for 750 existing and former emplo... Read More


RBI gears for Operation Twist-cum- OMO next week

New Delhi, March 5 -- In a first, the Reserve Bank of India (RBI) will buy government securities (G-Secs) worth Rs.20,000 crore and sell securities worth Rs.15,000 crore on 10 March, the central bank ... Read More


Reserve Bank favours retaining inflation target for next 5 years

MUMBAI, March 5 -- The Reserve Bank of India (RBI) said on Friday, 26 February, it is in favour of retaining the existing inflation target set in 2016 for the next five years, ahead of an upcoming gov... Read More


India Rating expects NBFCs to grow by 9.5% in FY22

Mumbai, March 4 -- India Ratings and Ratings (Ind-Ra) has maintained a stable outlook on retail non-banking finance company (NBFC) and housing finance company sectors for FY22. Improved system liquidi... Read More


In a first, RBI announces Operation Twist-cum-OMO

Mumbai, March 4 -- In a first, the Reserve bank of India on Thursday announced that it will purchase government securities worth Rs.20,000 crore and sell securities worth Rs.15,000 crore on 10 March. ... Read More


Distressed realty fund approves completion of 100,000 houses

Mumbai, March 4 -- The government's first-ever distressed real estate fund has approved around 165 projects for completing 100,000 homes over the next few years, its investment officer Irfan Kazi said... Read More


Razorpay announces ESOP buyback worth $10 million

Mumbai, March 4 -- Payment solutions startup Razorpay on Thursday announced the third employee stock ownership plan (ESOP) buyback worth $10 million or Rs.73 crore for 750 existing and former employee... Read More


Real estate fund SWAMIH to deliver 6,000 units by FY22

MUMBAI, March 3 -- A distressed real estate fund, set up by the Centre under the Special Window for Affordable and Mid Income Housing (SWAMIH) scheme to complete stalled projects, is gearing up to del... Read More