Citigroup plans to focus on its non-US consumer banking operations in UAE, Singapore, London and Hong Kong as these places have a great concentration of wealth.

With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure

The lockdown-like curbs cast a dark shadow over India's ongoing economic revival. In fact, after the pent-up demand of July-Dec period subsided, the economy had started already losing momentum beginning January 2021, well before the second Covid wave intensified

The second Covid wave is also expected to upset the RBI's inflation calculation as local lockdowns impact supply chain and logistics

Bank holiday today: Although bank branches will remain closed, ATMs will remain operational. In order to avail of banking services, people can use net banking or mobile banking

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021.

Consequently, the extant operational instructions issued by the RBI under the scheme shall continue to remain in force up to June 30, 2021, the banking regulator said in a statement

Share of IDBI Bank touched an intraday high of Rs 36.5, rising 7.99% against the previous close on BSE.

During the process of selling of AT-1 bonds, individual investors were not informed about all the risks involved in subscription of these bonds, SEBI said.

Deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed

Inflation in food basket, or Consumer Food Price Index (CFPI), rose to 4.94 per cent in March from 3.87 per cent in February, government data showed

A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021.

Nomura says revision in GDP forecast reflects impact second Covid-19 wave could have on Indian economy. It expects second wave to result in weaker sequential momentum in Q2 (Q1FY22)

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40 per cent in March from a year earlier as opposed to 5.03 per cent in February. Forecasts ranged from 4.60% to 6.11 per cent

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

The respondents to the survey were also less upbeat about the year ahead, with the future expectations index plummeting to 108.8 from 117.1 in the period after review, the RBI noted

Global recovery underway after worst recession since WW-2: IMF head A day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Kristalina Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. The outlook, she asserted, is brighter because millions of people are benefitting from vaccinations and because of further policy support, especially in the US. SEBI fines Mukesh Am...

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