Tag Archives: RBI

On Tuesday, the Supreme Court declined to consider a statement by former ICICI Bank CEO and CEO Chanda Kochhar against her firing last year. A bank chaired by Judge SK Kaul said: “We are not willing to interfere with the contested order. This falls within the scope of the private …

The promise of a quick vaccine, India’s higher-than-expected gross domestic product (GDP) figures for the quarter ended September, and a booming stock market suggest that risks to growth may be waning. But there is still a big obstacle: persistently high inflation. And it may well represent the greatest threat to …

MUMBAI: Meteorologists are revising their projection for the current prosecutor GDP growth after better than expected figures for the second bedroom. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies such as the IMF expected the economy to contract by 10%. …

New Delhi: The surprising resilience shown by the manufacturing sector that restricted the GDP contraction to just 7.5 percent in the September quarter could be the result of a massive purge of costs such as the cost of employees by corporations and businesses, which could create a potential headwind in …

Lakshmi Vilas Bank’s decision to amortize the value of Tier-2 bonds ₹Rs 318 crore could increase the cost of borrowing for peers, especially the weaker ones, experts said. The troubled private bank said on Thursday that it has written off all of its Basel III-compliant Tier-2 bonds as advised by …

India’s gross domestic product or GDP contracted 7.5% in the quarter ending September compared to the same period last year, data released by the Union’s Ministry of Statistics and Program Implementation showed (Mospi) on Friday. India’s GDP fell 23.9% in the April-June quarter, the worst in decades, amid the coronavirus-induced …

India’s economy rebounded to a 7.5% contraction in the July-September quarter, gross domestic product (GDP) data released by the National Statistics Office (NSO) shows. The Indian economy grew 4.4% in the same period of the previous year. India, which is Asia’s third-largest economy, had seen a record 23.9% contraction in …

The Indian economy has shown a stronger than expected rebound in the recovery, Reserve Bank of India Governor Shaktikanta Das said on Thursday, adding that there is a need to keep an eye on the sustainability of demand after the end of the festivities. Speaking at the annual event of …

All branches of Lakshmi Vilas Bank will function as branches of DBS Bank India. The moratorium on Lakshmi Vilas Bank will be lifted on November 27, 2020 when the government today sanctioned the plan for the merger of Lakshmi Vilas Bank with DBS Bank India Ltd. All branches of Lakshmi …

Merger of Lakshmi Vilas and DBS Bank: the government had started the process to rescue LVB on Tuesday The cabinet on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) with DBS India, which is the wholly owned subsidiary of DBS Bank. “The rapid merger and resolution of stress in …