A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
6:10 AM
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The government has received financial bids for the strategic disinvestment of IDBI Bank, marking significant progress in the stake sale. This move, involving a combined 60.7% stake sale by the government and LIC, is expected to fetch around Rs 33,000 crore.
5:10 AM
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The RBI is set to introduce new rules to protect bank customers. Small digital fraud victims could receive up to Rs 25,000 compensation. Stricter guidelines will also target mis-selling of financial products and aggressive loan recovery practices. These measures aim to enhance consumer safety amidst growing cyber risks and unfair sales tactics.
12:10 PM
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The Reserve Bank of India has maintained the policy repo rate at 5.25%, opting for status quo. While external challenges are mounting, domestic economic conditions remain strong. The central bank has slightly revised upwards its near-term growth and inflation forecasts for the upcoming financial year, signaling a cautious yet optimistic outlook.
11:10 AM
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The Indian Rupee saw a slight gain against the US dollar, buoyed by trade deal optimism but tempered by caution ahead of the RBI's monetary policy. Stock markets mirrored this hesitant mood, opening lower as investors await the central bank's decision. Corporate dollar demand and domestic equity weakness also influenced currency movements.
2:10 AM
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What’s fueling the rise of private credit in the first place is the fact that banks are not being able to fulfil all kinds of requirements, leaving a funding gap for mid-market structured credit, said Dhedhi. “Private credit can provide non-dilutive capital that can be tailored to specific needs of each borrower.
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