Govt extends M R Kumar's term as LIC chairman till March 13, 2022
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Kumar's term as LIC chairman was supposed to end on June 30, 2021, but the center has extended his term by almost nine more months till March 13, 2022.
RBI owns more of its benchmark 10-year bond than yield-managing BOJ
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The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists.
Analyst optimism on State Bank of India reaches a 17-year high, shows data
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Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating - a ratio of 98 per cent that's the highest since June 2004, according to data compiled by Bloomberg
Rupee falls by 9 paise to 72.89 against US dollar amid weakness in equities
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The rupee depreciated by 9 paise to end at 72.89 against the US dollar on Tuesday, tracking a strong dollar overseas and subdued sentiment in the domestic equities.
However, a fall in crude oil prices restricted the rupee's fall, forex traders said.
At the
Banks offering higher interest rates on FDs to encourage Covid vaccination
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In a bid to encourage more
COVID-19 vaccination, some state-owned lenders have announced higher interest rates on deposits, but for a limited period.
City-based UCO Bank said it is offering 30 basis points or 0.30 per cent higher rate on fixed deposits o
Tax dept issues refunds worth Rs 26,276 cr in 2 months of FY22
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The income tax department on Thursday said it has issued Rs 26,276 crore refunds to more than 15.47 lakh taxpayers in two months of the current fiscal.
Rupee settles 8 paise lower at 72.99 against US dollar amid RBI policy move
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The rupee fell 8 paise to close at 72.99 (provisional) against the US dollar on Friday, with forex market participants weighing RBI policy measures aimed at mitigating the COVID-19 impact on the economy.
Reserve Bank of India (RBI) on Friday decided to leav
Major concerns about crypto currencies conveyed to govt: RBI governor
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This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers
RBI policy: No explicit time frame for continuation of accommodative stance
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The monetary policy stance is expected to remain accommodative for most of 2021, until a dramatic improvement in vaccine coverage quells uncertainty regarding the growth outlook
RBI Monetary policy LIVE: Rates unchanged; FY22 GDP forecast cut to 9.5%
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RBI Monetary policy LIVE updates: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates
Rupee depreciattes 16 paise to 73.07 against US dollar in early trade
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The Indian rupee slumped 16 paise to 73.07 against the US dollar in opening trade on Friday after the Reserve Bank kept policy rates unchanged for the sixth time in a row
