HDFC Bank Chairman Atanu Chakraborty Resigns Citing "Values and Ethics" Differences
New Delhi/Mumbai, March 19 – HDFC Bank’s non-executive chairman Atanu Chakraborty has resigned abruptly, citing differences over "values and ethics," a rationale the bank described as baffling due to the absence...
India’s Household Gold Reserves Power Surge in Gold Loans Market
Over 34,000 Tonnes of Gold Driving Lending Shift
New Delhi, March 19: India’s vast household gold reserves are emerging as a key force reshaping the country’s lending landscape, with gold-backed loans witnessing rapid growth...
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Rupee Slips to 91.89 Against US Dollar in Early Trade Amid FII Outflows
Rupee Opens Weaker in Interbank Market
The Indian rupee declined by 4 paise to 91.89 against the US dollar in early trading on Wednesday, pressured by continued foreign institutional investor outflows and geopolitical...
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Gold Imports Rise to USD 50 Billion in April to December
New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday said that the recent surge in gold prices is largely driven by significant purchases by central banks across the world. She added that while India’s gold imports are...
Mumbai, February 23: Bharti Airtel on Monday announced plans to invest ₹20,000 crore over the next few years to scale up its digital lending operations through its Non Banking Financial Company subsidiary, Airtel Money Limited.The capital infusion signals a major push by the telecom major into...
Finance Minister Criticises Sale of Unnecessary Insurance Products by Banks
New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, particularly insurance, and said such practices amount to a violation under the...
Mumbai, February 15 – After a sharp decline in benchmark indices, investors will closely monitor global and domestic cues next week, including the minutes of the US Federal Reserve meeting, signals from the Reserve Bank of India (RBI), trends in the IT sector, prices of bullion, and activity by...
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