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High-balance bank accounts without updated KYC under govt’s radar

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RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%RBI MPC: Here is what experts have to say...
Finance

RBI imposes Rs 44 lakh penalty on 4 co-operative banks for violation

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The Reserve Bank has imposed penalties totalling Rs 44 lakh on four cooperative banks, including a Rs 16 lakh penalty on Chennai-based The...
Finance

After debt resolution, Essar Oil lines up Rs 1,200-crore capex

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Essar Group bets $3.6 billion on decarbonisation in India and UKWhat is credit score? Why is it important?Analysts see pressure on RIL, OMC's...
Finance

AU Small Finance Bank reports net profit of Rs 425 crore in Q4

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What is a small modular nuclear reactor?Nuclear power: All that you need to know about small modular reactorsFinance Ministry sharply raises small savings...
Finance

AU Small Finance Bank reports highest quarterly profit of Rs 425 cr in Q4

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AU Small Finance Bank on Tuesday reported its highest ever quarterly profit of Rs 425 crore in March quarter, up 23 per cent...
Finance

Yield at state govt bonds auction eases by 16 bps; 4 states raise Rs 6K cr

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Banks tier II bond issuance surges 3.5 times in FY23, shows dataTreasury yield curve inverts: What it means and what does it signal?Buoyed...
Finance

Credit Suisse’s net asset outflows topped $68 billion in first quarter

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Ailing Swiss bank Credit Suisse on Monday reported over 61 billion Swiss francs (over USD 68 billion) in net asset outflows in the...
Finance

How much you need to pay to get higher EPS pension? New circular clarifies

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EPFO's new guidelines: How can employees opt for higher pension under EPS?How to check pension status on EPFO portal: Here's a step-by-step guideExplainer:...
Finance

Asian Development Bank operations reach $20.5 bn in 2022: Report

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The Asian Development Bank (ADB) committed $20.5 billion from its resources last year to help Asia and the Pacific continue its recovery from...
Finance

Citi India plans to launch sustainability-linked deposits in coming days

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Axis Bank-Citi deal: Synergies seen FY25 onwards on deposit, AUM attritionIn a U-turn, outstanding NRI deposits rise in October, shows RBI dataBanks likely...
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