Arundhati Bhattacharya, Managing Director and Chief Financial Officer of State Bank of India, has become its first woman Chairman. She succeeds Pratip Chaudhuri who retired as Chairman on...
The Reserve Bank of India has reduced one of the key short-term borrowing rate, the Marginal Standing Facility (MSF), by 50 basis points to 9.0%. The step has...
The Department of Posts, Ministry of Communications & Information Technology, allotted a ‘Customized Pin Code’ to the Supreme Court of India. The Pin Code allotted to the Supreme...
The Cabinet Committee on Economic Affairs (CCEA) has taken the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs). The annual Guarantee Fee payable to the...
In a bid to speedily recover Non-Performing Assets (NPA), the IDBI Bank has launched a campaign named ‘Own Your NPA’. What is ‘Own Your NPA’ campaign? It is...
As per share market regulator SEBI, investments into Indian shares through participatory notes (P-Notes), hit a three-month high of Rs 1.65 lakh crore (about $26 billion) in August 2013....
Global rating firm, Moody’s Investors Service, has downgraded State Bank of India’s senior unsecured debt and local currency deposit ratings to Baa3 or lowest investment grade rating from Baa2...
The Grameen Bank, the Nobel Peace Prize winning microcredit organization of Bangladesh, will be brought under the control of country’s central bank to give the authorities more powers...
The government cleared the confusion that was going between the Customs Department and gold importers regarding the RBI’s 80:20 scheme which was introduced in July 2013. What is...
Global rating agency Fitch has scaled down its projections on India’s growth to 4.8% for the current fiscal from the earlier estimate of 5.7% made in June, 2013....
