Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB). Illustration: Dominic Xavier/Rediff The transition will allow Fino to accept
Rate cut a response to economic data; US tariffs still weigh: Analysts Illustration: Dominic Xavier/Rediff The Reserve Bank of India (RBI) on Friday delivered a 25 basis point (bps) repo rate cut analysts expected, driven by the strong 8.2 per
‘Bank has a robust capital adequacy base. Along with balance sheet preparation, the bank is focusing on strengthening risk management for the new regime.’ State-run lender Bank of Baroda will be making floating provision in the run up to transitioning
Global private equity firm Advent International’s talks to acquire US giant Whirlpool’s India unit for up to $1 billion have collapsed due to disagreements over valuation, four people familiar with the matter told Reuters. Advent had emerged as the frontrunner
Expert view: Simple questions do not always have simple answers. Consider, for instance, the question: How can one make ₹1 crore in 10 years through investments? For common investors, the idea of reaching ₹1 crore is a holy grail. The
The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business
The Reliance Centre, a guesthouse and some residential assets in Mumbai, apart from 231 plots of land in Chennai, are among the fresh assets worth Rs 1,120 crore attached by the ED as part of its ongoing money-laundering probe against
Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. Illustration: Dominic Xavier/Rediff The governor’s statement
Stock market benchmark indices Sensex and Nifty rallied on Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy
Infrastructure company GR Infraprojects Ltd on Friday (December 5) said it has executed an engineering, procurement and construction (EPC) agreement for the construction of the Giridih bypass (towards Tundi) road, spanning a total length of 26.672 km, with the State
