India’s affluent class is experiencing unprecedented levels of financial activity, with the median individual managing over 434 peer-to-peer banking transactions annually and experiencing accelerated flows of earning, investing, and spending, Cred Money…
Author: BNW News
Tamilnad Mercantile Bank bets big on NRI customers with launch of Global NRI Center
Tamilnad Mercantile Bank (TMB), one of the premier scheduled commercial Banks announces the launch of a dedicated Global NRI Center (GNC) at its Thoothukudi headquarters in the presence of bank’s senior executives,…
RBI removes supervisory restrictions against Arohan Financial Services
The RBI on January 3 removed supervisory restrictions against Arohan Financial Services. On October 17, 2024, the Reserve Bank of India had, in exercise of its powers under Section 45L(1)(b) of the…
SBI survey snows rural poverty decline
Overall, poverty levels now stand in the range of 4-4.5%. The sharp decline in rural poverty ratio is on account of higher consumption growth in lowest 0-5% decile with significant Government support, the survey said.
VFS Capital Ltd seeks small finance bank permit
VFS Capital, previously known as Village Financial Services Private and headquartered in West Bengal, was incorporated in 1994 as a non-deposit taking non-banking financial company-microfinance institution (NBFC-MFI).
Former PM Manmohan Singh cremated with full state honour
Manmohan Singh ia credited with kicking off the reforms era in Indian economy back in 1991
Ex-PM Manmohan Singh, architect of India’s economic reforms, dies at 92
NEW DELHI: Former prime minister Manmohan Singh, the architect of India’s economic reforms, died here on Thursday night. He was 92.Singh’s death was announced by the All India Institute of Medical Sciences,…
J&K Bank appoints Amitava Chatterjee as its new MD
Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29.
MPC minutes show demarcation in views, says Emkay Economist
The December MPC meeting minutes showed a clear demarcation in views between the internal and (most of) the external members. Dr Kumar and Professor Singh, while calling for a repo rate cut, spoke of the lack of impact of monetary policy on supply-shock led food inflation, while mentioning its effect on consumption and investment demand.
Full text: Minutes of the Monetary Policy Committee Meeting
The fifty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 4 to 6, 2024.