The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) is likely to hold interest rates steady for the ninth consecutive policy review today. The central bank, which…
Should you exit your stocks and mutual funds amid market rout?
The US Fed may be soon nearing a rate cut as the FOMC meeting has indicated in the last round. If that happens, central bank across the world may follow cues and it should be positive news for global stock markets.
Bloodbath in world markets; Indian indices too slump
India’s stock market indices Sensex and Nifty lost big on Monday following global cues. Stock markets across the globe are falling fearing a recession in US At the time of filing this…
IDBI employees and officers protest merger plan
Employees and officers of IDBI Bank held gate meeting and procession to Oppose IDBI sale to private and foreign buyers. The employees are also planning a one Day Dharna on August 8…
Settle claims of Wayanad tragedy victims fast, Govt tells insurers
In view of the unfortunate landslide incident and heavy rains in Kerala, the government has mandated the Public Sector Insurance companies (PSICs) to extend all possible support to the victims of the…
RBI approves reappointment of Inderjit Camotra as MD of Unity SFB
The Reserve Bank of India (RBI) has approved the re-appointment of Mr. Inderjit Camotra, incumbent MD & CEO of Unity Small Finance Bank Limited (Unity Bank), for a period of two years,…
FSIB invites online applications for the position of MD&CEO in PNB
The Financial Services Institutions Bureau (FSIB) on 1 August invited applications for the position of managing director and chief executive officer (MD&CEO) at Punjab National Bank. The detailed advertisement can be downloaded…
Wayanad tragedy: Bank employee unions lend a helping hand to the victims
Following incessant heavy rains, the death toll in Wayand rose to 143 with hundreds of others left trapped or injured. Search and rescue operations are currently underway.
Here’s howmuch penalty banks charged for not keeping minimum balance
State-run Punjab National Bank (PNB) charged Rs 633 crores in financial year 2023-2024 from customers as penalty for non-maintenance of minimum balance in savings accounts, according to data submitted by the Government…
The K-factor in Indian banking
Kotak’s claim that its group subsidiary KMIL or KIOF the fund managed by KMIL was unaware of Hindenburg association with one of its prominent investors, who made a fortune shorting Adani’s share last year, doesn’t pass the smell test.