Banks

Banks start making provisions ahead of RBI’s ECL norms In January this year, the RBI issued a discussion paper on the introduction of the ECL framework for provisioning by banks. It said the banks will be given one year after the final…

India pins hopes on bilateral local currency trade to internationalise rupee India has been looking to encourage the use of the Rupee to settle international trade transactions. However, progress has been slow, with the government and the…

Buzzing Stocks: IOC, Marico, Indus Towers, BEL, Sona BLW, Trident & others in news today Stocks to watch: Check out the companies making headlines before the opening bell today, July 27, 2023. Results on July 28: Indian Oil…

Mahindra group buys 3.5% stake in RBL Bank, shares jump Synopsis Mahindra group is already present in the financial services sector is primarily through the group company Mahindra & Mahindra Financial Services. Mahindra &…

Fake GST bill racket worth ₹1,000 cr busted by DGGI Synopsis The Directorate General of GST Intelligence (DGGI) has busted a gang of 'fake GST bill operators' who used to run a syndicate to help companies, especially in the metal and…

Fed poised to hike rates as markets anticipate inflation endgame The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the U.S. central bank's past 12 policy…

Hot Stocks | Indian Bank, CARE Ratings, Linde India may fetch up to 12% return in short term Nifty is still holding above 20, 50 and 100 day EMAs, which indicates the bullish trend on all time frames. Profit-booking continued for the…

Netweb Technologies to finalise IPO share allotment | Here is how to check status online Netweb Technologies will make its debut on the BSE and NSE on July 27, as per IPO schedule. High-end computing solutions provider Netweb…

Union Bank of India’s Q1 standalone PAT doubles to Rs 3,236 crore In the similar period last year, the state-owned lender reported Rs 1,558.46 crore profit. Union Bank of India on July 20 reported a more than 107 percent on-year rise in…

Indian Americans appointed to EXIM US advisory councils Daniel Rajaiah, who fills in as the Director of Global Strategy and Operations for Mastercard, was designated to the council on small Business, which comprises of 18 individuals.…