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Reserve Bank Of India Rbi
Business  /  Published 23.09.21

Vinod Rai voted out of IDFC board

Shareholders of IDFC Ltd have rejected the re-appointment of Vinod Rai as a non-independent and non-executive director on its board. Rai, the former Comptroller and Auditor General of India (CAG), wa...
By Our Special Correspondent in Mumbai

Business  /  Published 22.09.21

Case for tax cut on deposit interest

A State Bank research report has suggested  major changes in the tax treatment of interest rate on bank deposits as the real interest rate on deposits have turned negative amid the lure of return...
By Our Special Correspondent in Mumbai

Business  /  Published 21.09.21

HDFC Bank, Paytm in card tie-up

HDFC Bank will launch co-branded credit cards along with Paytm. This marks the first aggressive alliance struck by the lender after Reserve Bank of India lifted the ban imposed last year on the bank b...
By A Staff Reporter in Calcutta

Opinion  /  Published 21.09.21

Debt to dust: Centre's 'bad bank'

The so-called ‘bad bank’ is ready to get off the ground. Last week, the Centre said it would provide guarantees worth Rs 30.6 billion that will buttress the security receipts that the Nati...
By The Editorial Board

Business  /  Published 20.09.21

Anger over Mastercard ban

A senior US trade official privately criticised India’s July decision to ban Mastercard Inc from issuing new cards, calling it a “draconian” move that caused “panic”, acc...
By Reuters in New Delhi

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Business  /  Published 17.09.21

RBI defends reverse repo rate action

RBI deputy governor Michael D Patra on Thursday defended the asymmetric cuts in the repo and the reverse repo rate, saying that a sharper reduction in the latter allowed companies and the government t...
By Our Special Correspondent in Mumbai

Business  /  Published 17.09.21

Rs 30,000 crore bad bank prop

Finance minister Nirmala Sitharaman on Thursday said the government would provide Rs 30,600 crore guarantee to the newly formed National Asset Reconstruction Company Limited (NARCL) or the bad bank.&n...
By Our Special Correspondent in New Delhi

Business  /  Published 15.09.21

UPI connect with Singapore

India and Singapore are linking their respective fast payment systems — Unified Payments Interface (UPI) and PayNow — in a move that will boost remittances between the two nations. The st...
By Our Special Correspondent in Mumbai

Business  /  Published 15.09.21

SBI raises base rate to 7.45 %

The State Bank of India has revised its base rate to 7.45 per cent and benchmark prime lending rate to 12.20 per cent. The new rates come into effect from Wednesday (September 15, 2021). According to...
By A Staff Reporter in Calcutta

Opinion  /  Published 14.09.21

What do unicorns mean for the economy?

The rise of Indian unicorns — start-ups that reach $1 billion in valuation — has raised hopes of innovation and entrepreneurship-driven growth at a time when Covid-19 has caused much damag...
By Renu Kohli


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