New Delhi, June 22 (IANS)The Central Bureau of Investigation (CBI) has arrested Reliance Commercial Finance Limited’s (RCFL) former Director and Chief Executive Officer Devang Mody, and Reliance Home Finance Limited’s (RHFL) former Executive Director and Chief Executive Officer Ravindra Sudhalkar, in connection with the ongoing investigation into the Anil Ambani-run Reliance ADA Group cases, the investigative agency announced on Monday.The investigation has revealed that the accused persons dive…
Latest RBI News & Updates
New Delhi, June 22 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to maintain a wait-and-watch approach amid elevated uncertainty, with falling crude oil prices and a stronger rupee expected to cushion inflation risks, a report said on Monday.”Uncertainty is too high for immediate action. Hold now, stay neutral, wait for clarity and keep optionality open is the underlying message of the MPC minutes,” the report from SBI Research said.The report highlighted that the …
New Delhi, June 21 (IANS) The Parliamentary Standing Committee on Finance will be meeting soon to discuss the evolving economic situation in the country amid the uncertainties due to the West Asia crisis.Committee Chairman Bhartruhari Mahtab said: “Despite the serious headwinds, India’s economy is emerging in a better way. There are certain very good indicators where household savings also increased in comparison to last year.” However, the challenge is that private investment is not picking up,…
New Delhi, June 21 (IANS) The Reserve Bank of India (RBI) is likely to maintain its wait-and-watch approach and keep the repo rate unchanged at 5.25 per cent in upcoming monetary policy meetings as easing geopolitical tensions reduce uncertainty and allow policymakers to focus on incoming economic data, according to a report.As per analysis by BofA Securities, the conclusion of the US-Iran peace agreement has eased a key source of global uncertainty, giving the central bank more room to remain d…
Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
Amaravati, June 19 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday urged bankers to extend their cooperation to facilitate economic activities across the state The Chief Minister chaired the 235th State Level Bankers’ Committee (SLBC) meeting held at the Secretariat.The meeting discussed the Annual Credit Plan for 2026-27 and reviewed the credit extended to the agriculture sector, MSMEs, Self-Help Groups (SHGs), and tenant farmersBanks reported extending loans worth Rs 3,86,2…
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) has approved the extension of Keki Mistry as interim part-time chairman of HDFC Bank for a further period of three months, it was announced on Thursday.In an exchange filing, HDFC Bank said the RBI, through a communication dated June 18, 2026, approved the extension of Mistry’s tenure until September 18, 2026, or until the appointment of a regular part-time chairman, whichever is earlier.“The RBI has granted approval for the extension of t…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …
New Delhi, June 13 (IANS) India’s external sector has become significantly more resilient and the country’s macroeconomic fundamentals are now better placed to withstand global shocks, according to Chief Economic Advisor (CEA) V. Anantha Nageswaran.Speaking at NDTV Ignite Summit, Nageswaran said the risks facing the external sector have eased considerably, adding that the Reserve Bank of India (RBI) is unlikely to face pressure to draw down its foreign exchange reserves to manage the rupee.On th…
Mumbai, June 13 (IANS) The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.10 per cent during the week and gained 1.99 per cent on the last trading day to reach 23,622. At close, Sensex was up 1,695 points or 2.30 percent at 75,527. It added 1.73 per cent during the week.The Indian equities showed structural resilience in a turbulent week,…