The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
A viral claim suggesting that the Reserve Bank of India (RBI) sold gold worth nearly $12 billion to protect the country’s foreign exchange reserves has been officially rejected, with authorities clarifying that no such transaction took place. The clarification came after reports and social media posts sparked widespread speculation regarding the central bank’s gold holdings...
India’s financial services landscape is witnessing a significant strategic investment move as the promoter group of TVS Motor Company prepares to acquire up to a 9.9% stake in Jana Small Finance Bank. The transaction marks a notable diversification and expansion effort by the TVS-linked entities into the banking and financial services ecosystem. The proposed investment...
President Droupadi Murmu on Tuesday stressed that the empowerment of farmers and the rural economy must remain a key priority for the Indian banking sector. Speaking at the 120th foundation day celebrations of City Union Bank in Chennai, Tamil Nadu, she highlighted the critical role banks can play in transforming the nation’s economy. “From start-ups...