Mumbai, January 07, 2025: Edelweiss Financial Services Limited (“EFSL”/ “Company”), today announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of […]
Tamilnad Mercantile Bank (TMB), one of the premier scheduled commercial Banks announces the launch of a dedicated Global NRI Center
The RBI on January 3 removed supervisory restrictions against Arohan Financial Services. On October 17, 2024, the Reserve Bank of
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, 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).
Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29.
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.
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.
In the case of IndusInd Bank, the RBI said the Rs 27.30 lakh penalty is imposed for non-compliance with certain provisions of ‘Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
“It risks fragmentation of the workforce and impairing the collective growth and harmony, which is paramount and essential for any organizational growth and sustainable success,” C H Venkatachalam, general secretary of AIBEA said in the letter.