Kerela: Federal Bank Ltd’s September quarter update showed encouraging signs of an economic revival after restrictions imposed to contain the pandemic’s second wave were eased.…
Bankers are gradually withdrawing liquidity measures to promote growth
Mumbai: Bankers said the steady unwinding of liquidity measures will support growth while keeping inflation under control, describing the Reserve Bank’s monetary policy decision as…
Indian BPO Services to grow at a CGAR of 5.8%
New Delhi: As India reopens, the enterprise spending on business process outsourcing (BPO) services in India is set to grow at a compound annual growth…
The Reserve Bank of India has lowered its inflation projection for FY22 to 5.3 %
New Delhi: The Reserve Bank of India lowered its inflation projection for FY22 from 5.7%to 5.3% on Friday. Inflation is being driven by edible oils,…
100% FDI permitted by Govt. of India in the Telecom Sector
New Delhi: The government on Tuesday notified its decision to permit 100 percent foreign direct investment (FDI) under automatic route in the telecom services sector.…
RBI sets new auto-debit rules
New Delhi: With the Reserve Bank of India’s (RBI) extended deadline coming to an end, there will be no automatic recurring payment for various services…
Homeville, a housing finance financial technology firm, has raised $7 million in funding
9 Unicorns, Varanium NexGen Fund, JITO Angel Network, CREDAI Members Network, Blacksoil, and Earlsfield Capital, among others, have invested in Homeville, a financial technology business…
AIIB approves loan of $356.67 mn for the Chennai Metro, bringing the bank’s total India financing to $6.7 bn
The Asian Infrastructure Investment Bank (AIIB), located in Beijing, has granted a USD 356.67 million loan for the development of the Chennai metro rail system,…
Banking Scheme to be the game-changer for Yak farming in Arunachal Pradesh
Itanagar: Farmers rearing yaks in high altitude areas in Arunachal Pradesh may soon for the first time get credit support from banks like the National…
PNB and Assam Bio-Refinery have signed an MoU for the production of bio-ethanol
Guwahati: Chief Minister Himanta Biswa Sarma today attended an MoU signing event at the Srimanta Sankaradeva International Convention Centre here, where the Punjab National Bank…