Govet surplus cash balance reckoned for auction stands at Rs 75,457 cr
The government’s surplus cash bank balance reckoned for auction with Reserve Bank of India (RBI) stands at 754.57 billion rupees…
08 APR 2015
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Govt raises stake in state-owned IFCI to 51%
The government has increased its stake in the infrastructure financing firm ICFI Ltd to 51.04 per cent. Government has acquired…
08 APR 2015
PM Modi launches Mudra bank under Pradhan Mantri Jan Dhan Yojana
Prime Minister Narendra Modi launched Micro Units Development and Refinance Agency (Mudra Bank) under the Pradhan Mantri Jan Dhan Yojana.…
08 APR 2015
Concrete targets for financial inclusion are needed: PM
Prime Minister Narendra Modi urged the Reserve Bank of India (RBI) to encourage financial institutions to set concrete targets for…
06 APR 2015
Jaitley announces some concessions, tax on mutual fund from July 10
The government announced some concessions for mutual fund industry and income tax payers. The high tax rate of 20 per…
06 APR 2015
ICICI gets equity capital repatriation from foreign units
ICICI Bank has repatriated excess funds from its two overseas subsidiaries as part of capital optimisation and return on equity…
31 MAR 2015
RBI wants non-bank finance companies to seek prior nod before any takeover
Tightening its grip on non-banking finance companies (NBFCs), the Reserve Bank of India (RBI) has proposed to regulate the change…
31 MAR 2015
Tiger Global Management Sells 3.4% in Justdial
Tiger Global Management sold a 3.4% stake in classifieds website Justdial for Rs 300 crore, according to NSE bulk deal…
31 MAR 2015
SBI gets approval to divest 10% stake in SBI Life Insurance
The State Bank of India (SBI) is planning to divest up to 10 per cent stake in its life insurance…
31 MAR 2015
Advancing financial inclusion: Global view on funders’ commitments
A robust and strong financial system is an essential pillar of sustainable development, economic growth, and progress of an economy.…
30 MAR 2015
