Union Finance Minister Nirmala Sitharaman has said the government will not go for lockdowns as they don't want to arrest the economy

As part of the deal, RSHPL will acquire a 60 per cent stake in Magma Fincorp, while the non-banking financial company's promoters Chamria and Poddar will acquire a 4.68 per cent shareholding

The overhaul comes two days after e-commerce giant Alibaba Group Holding Ltd, of which Ant is an affiliate, was hit with a $2.75 billion antitrust penalty as China tightens controls on the \"platform economy\"

Sensex closed 84.45 points higher at 49,661 and Nifty gained 54 points to 14,873

This initiative reflects the growing recognition that the economic turmoil of the COVID-19 pandemic has exacerbated budget constraints and debt challenges that hamper the ability of some countries to transition to clean energy

Nomura said RBI's latest monetary policy stance is \"less dovish than meets the eye\" as it maintained GDP projection despite 2nd wave, projected CPI inflation higher and shifted view on forwarding guidance

Stocks to watch out for on April 8: Vedanta, Jindal Steel & Power, Bharti Airtel, Dixon Technologies, Godrej Consumer Products and more

RBI has stated that accommodative stance will prevail as long as necessary to sustain growth on a durable basis and continue to mitigate COVID-19 disruptions, while keeping inflation under check

The RBI will purchase government securities worth Rs 1 lakh crore under GSAP 1.0 in Q1FY22. It had purchased bonds worth around Rs 3.13 lakh crore from the secondary market in FY21.

Share market gainers today: SBI, M&M, Nestle India, IndusInd Bank and ICICI Bank were among top five gainers on BSE Sensex pack on April 7

RBI has proposed to make interoperability mandatory for full-KYC PPIs and for all acceptance infrastructure.

Sensex closed 460 points higher at 49,661 and Nifty gained 135 points to 14,819

Of this, 4.20 crore PMMY loans were sanctioned in 2020-21 alone, under which Rs 2.66 lakh crore were disbursed in the fiscal year (As on 19.03.2021)

It is proposed to constitute a committee to undertake a comprehensive review of the working of ARCs in the financial sector ecosystem, RBI Governor Shaktikanta Das said

The RBI today announced that it is proposing to enable non-bank payment systems like PPIs, card networks, wide-level ATM operators, among others to take direct membership in the Centralised Payment Systems

RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3

Reserve Bank of India's Monetary Policy Committee decides to retain its 'accommodative' policy stance; projection of real GDP growth for 2021-22 is retained at 10.5%

Experts say spurt in Covid-19 cases is a worry. After seeing expansion in third quarter post entering recession in previous two quarters, country is expected to grow at 1 per cent in fourth quarter ending March. But growth may slip further sequentially

The Monetary Policy Committee (MPC), RBI's rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts

RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance industry more vibrant