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
5:11 AM
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The country's biggest private sector lender HDFC Bank on Tuesday said the Reserve Bank has approved the re-appointment of its managing director Sashidhar Jagdishan for a period of three years with effect from October 27.
10:10 PM
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HDFC Bank, the country's largest private sector lender, has received approval from the Reserve Bank of India for the re-appointment of its managing director, Sashidhar Jagdishan, for a three-year term. Jagdishan took over as MD and CEO in 2020, replacing the bank's founder CEO, Aditya Puri. The approval comes after the merger of HDFC Ltd with HDFC Bank, making it the second-largest bank in India.
9:11 AM
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The Indian rupee closed at a record low of 83.27 against the dollar, causing analysts to review their forecasts. Despite the Reserve Bank of India selling dollars in the forex market, the rupee continues to weaken. Factors such as rising US yields, higher oil prices, and expectations of interest rate hikes in the US are putting pressure on the rupee. The current account deficit and balance of payments have also raised concerns.
8:11 AM
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According to a report by the Reserve Bank of India, the Indian economy is showing signs of strength due to increased private consumption and public sector capital expenditure. The report also predicts that global growth will be lower in the coming years, with emerging economies like India becoming key drivers of the global economy.
6:11 PM
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The Reserve Bank of India (RBI) ensures consumers are well-prepared for these closures by publishing a monthly list of bank holidays.
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