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T-bill rates start inching higher as RBI moves to control liquidity

Mumbai, Jan. 20 -- Interest rates on short term government borrowings inched up higher at the auction of treasury bills, a sign that short term rates are moving closer to the policy corridor following... Read More


Siddhartha Mohanty appointed as new LIC MD

Mumbai, Jan. 20 -- The government has appointed KIC Housing Finance chief executive officer (CEO) Siddhartha Mohanty as the managing director of Life Insurance Corp. (LIC) with effect from February 1.... Read More


Federal Bank reports 8% fall in Q3 net profit on higher provisions

Mumbai, Jan. 20 -- South based Federal Bank on Wednesday reported 8% year-on-year (y-o-y) fall in its net profit to Rs.404 crore for the quarter ended December 2020 owing to higher provisions against ... Read More


Siddhartha Mohanty appointed as new LIC MD

Mumbai, Jan. 19 -- The government has appointed KIC Housing Finance chief executive officer (CEO) Siddhartha Mohanty as the managing director of Life Insurance Corporation (LIC) with effect from 1 Feb... Read More


RBI board favours new stress-test formula

New Delhi, Jan. 18 -- The central board of the Reserve Bank of India (RBI) wants banking system stress tests to include several parameters in addition to non-performing assets (NPAs), a person aware o... Read More


RBI open to bad bank proposals: Das

Mumbai, Jan. 16 -- Reserve Bank of India Governor Shaktikanta Das on Saturday said the central bank can consider the idea of a bad bank if there is any such proposal. Delivering the Nani Palkhivala M... Read More


RBI open to idea of bad bank if there's a proposal: Das

Mumbai, Jan. 16 -- Reserve Bank of India Governor Shaktikanta Das on Saturday said the central bank can consider the idea of a bad bank if there is any such proposal. Delivering the Nani Palkhivala M... Read More


RBI drains Rs.2 tn of liquidity via 14-day reverse repo auction

New Delhi, Jan. 15 -- The Reserve Bank of India (RBI) on Friday said that it has drained Rs.2 trillion of liquidity from the system via the 14-day reverse repo auction as it begins the process of norm... Read More


RBI drains Rs.2 trillion liquidity from system

Mumbai, Jan. 15 -- The Reserve Bank of India on Friday said that it has drained Rs.2 trillion of liquidity from the system via the 14 day reverse repo auction as it begins the process of normalization... Read More


Centrum likely to submit formal offer for PMC Bank next week

Mumbai, Jan. 14 -- Financial services firm Centrum group is exploring the option of placing a formal bid for the troubled Punjab and Maharashtra Cooperative (PMC) Bank next week, after submitting an e... Read More