BENGALURÚ: BharatPe business payments startup and financial services company Centrum Grupo has submitted a joint expression of interest (EoI) to the Reserve Bank of India (RBI) to take over the Punjab and Maharashtra Cooperative (PMC) Bank, a source familiar with the matter. Centrum Group is co-promoted by Jaspal Bindra, a …
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MUMBAI / NEW DELHI: The Reserve Bank of India (RBI) on Friday celebrated stable interest rates, forecast a lower GDP contraction for the second half of the year, and strongly elevated inflation projections, stating that growth will return to positive territory in the third and fourth quarters of fiscal year …
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MUMBAI: The Banking Association of India signed the XI bipartite wage agreement with a representative of the bank’s employees paving the way for a 15% salary increase. The agreement applies to public sector banks, some old generation private banks and some foreign banks. The IBA in a statement said that …
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NEW DELHI: The Reserve Bank of India (RBI) released on Monday a report from the KV Kamath Committee that was formed to make recommendations on the financial parameters required to be considered in resolution plans under the ‘Resolution Framework for the Covid-related stress’. In an official statement, the RBI said …
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MUMBAI: The Reserve Bank of India (RBI) has revised its Priority Sector Lending (PSL) rules to boost flows of funds to districts that have been foreclosed and has doubled its cap for healthcare infrastructure to Rs 10 crore and for renewable energy to Rs 30 crore. According to the new …
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(Representative image) MUMBAI: The Reserve Bank of India (RBI) appears to have stopped trying to control the rupee to help exports, leaving the coin drift to a maximum of six months and raising expectations that it will continue to win, analysts and market participants said. RBI intervention in dollar purchases …
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