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The bank has not provided details about the value of the stake sale.Business
LIC may not fully exit IDBI Bank

While the government holds 45.48 per cent stake in IDBI Bank, LIC owns 49.24 per cent stake in the lender

22 Feb 2022 12:38 AM IST

The Reserve Bank of India permitted Telangana state and Andhra Pradesh to raise 6,000 crore and 8,000 crore respectively. (Business
RBI Deputy Governor calls for outright cryptocurrency ban

Crypto-technology is underpinned by a philosophy to evade government controls, says deputy governor T. Rabi Sankar

15 Feb 2022 9:23 AM IST

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)Business
ABG fraud detected relatively faster: FM

Nirmala Sitharaman defended the five years taken to file the first fraud complaint in the Rs 22,842 crore loan default...

15 Feb 2022 9:13 AM IST

\Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh,\ the circular said.Business
MPC may hold back rate hike

Policy normalization is set to commence in April with a stance change and reverse repo hike

7 Feb 2022 1:00 AM IST

Currently, post offices provide savings account services and payments bank services through the India Post Payments Bank. (Representational Image/DC)Business
Post offices to be linked to bank network, ATMs

The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks

2 Feb 2022 6:49 AM IST

Sitharaman said, Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz KhanBusiness
RBI to issue Digital Rupee in FY23: Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

1 Feb 2022 11:45 PM IST

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of Parliament, in New Delhi, Tuesday, Nov. 30, 2021. (RSTV/PTI Photo)Business
Decks cleared for bad bank to start

A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

29 Jan 2022 8:30 AM IST

The regulatory authority makes the insurance claim settlement ratio data of all insurance providers available at the end of each financial year. By arrangementBusiness
Insurers tighten rules, raise rates

Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent...

21 Jan 2022 3:10 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (DC file Photo)Business
RBI may keep rates on hold

The six-member rate setting panel (MPC) is meeting for three days starting Monday with the outcome being announced on...

6 Dec 2021 2:26 AM IST

Reliance Capital chairman Anil Ambani DC ImageBusiness
RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle,...

1 Dec 2021 9:50 AM IST

Prime Minister Narendra Modi speaks during the G20 Extraordinary Summit on Afghanistan, via video conferencing, in New Delhi. (Photo: PTI)Business
PM Modi to launch RBI's retail direct scheme

As per the scheme, investors will be able to directly open and maintain their government securities account free of cost

12 Nov 2021 8:06 AM IST

Indian rupee fell 11 paise to 76.50 against the US dollar in opening trade on Monday. (PTI PHOTO)Business
MFIs should balance social goals with growth: RBI Deputy Governor M...

Rao said that self-sufficiency and financial sustainability are the objectives that the lenders need to pursue

28 Oct 2021 8:41 AM IST

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