Highest liquidity gap in decade spurs speculation about RBI hand
The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was Rs 3.3 trillion ($38.2 ...
Kotak Mahindra acquires personal loan portfolio from Standard Chartered
Kotak Mahindra Bank (KMB) has completed the acquisition of a personal loan portfolio from Standard Chartered Bank. The size ...
Rupee logs biggest weekly gain in more than a year, but underperforms peers
The Indian rupee rose on Friday and posted its biggest weekly rise more than a year, helped by relief in the Asian forex ...
Government subsidy burden to exceed budget, likely to hit Rs 4.2 lakh crore: Report
The government's subsidy burden for FY25 is projected to exceed budget estimates, reaching nearly Rs 4.1 to Rs 4.2 lakh crore ...