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Tweaks to investment rule bring relief to banks, AIFs

mumbai, March 28 -- The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), in a relief for lenders forced to make large provisions, an... Read More


Tweaks to investment rule bring relief to banks, AIFs

mumbai, March 28 -- The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), in a relief for lenders forced to make large provisions, an... Read More


RBI relaxes rules on lenders' investment in AIFs

Mumbai, March 27 -- The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), in a relief for lenders forced to make large provisions, an... Read More


India's current account deficit narrows to 1.2% of GDP at $10.5 bn in Q3FY24

New Delhi, March 26 -- India's current account deficit (CAD) narrowed to $10.5 billion or 1.2% of the GDP in the October-December quarter from $11.4 billion in the previous three months and $16.8 bill... Read More


India's current account deficit narrows to 1.2% of GDP at $10.5 bn in Oct-Dec

New Delhi, March 26 -- India's current account deficit narrowed to $10.5 billion or 1.2% of GDP in the October-December quarter from $11.4 billion in the previous quarter, the Reserve Bank of India (R... Read More


IIFL takes corrective measures after RBI rap

Mumbai, March 13 -- IIFL Finance has taken several corrective measures to set its house in order after Reserve Bank of India's diktat to stop disbursing gold loans. The non-bank lender has announced a... Read More


RBI asks Federal Bank, South Indian Bank to stop new co-branded credit card issuances

Mumbai, March 13 -- The Reserve Bank of India has asked Federal Bank and South Indian Bank to stop issuing new co-branded credit cards, marking a step towards increased regulatory scrutiny. In a stoc... Read More


No serious bubble in the stock market: Uday Kotak

Mumbai, March 13 -- There is currently no indication of a bubble in the market, according to billionaire banker Uday Kotak. The veteran banker, however, believes that there are enough checks and bala... Read More


RBI ombudsman sees 68% rise in complaints in FY23

Mumbai, March 11 -- The Reserve Bank of India's Integrated Ombudsman Scheme (RB-IOS) saw a 68.2% jump in the number of complaints to 703,000 in FY23, an RBI report said. In FY22, RBI saw a 9.4% incre... Read More


Priority for Byju's is reduce cash burn, improve governance : ex-SBI chief Kumar

Mumbai, March 11 -- Former State Bank of India chairman Rajnish Kumar, who is advisor to edtech firm Byju's, believes that the company's main priority is to reduce cash burn, settle the term loan, and... Read More