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Bajaj Finance managing director Saha quits three months after appointment

Mumbai, July 21 -- Bajaj Finance Ltd managing director Anup Saha has quit citing "personal reasons", just three months after his appointment, making longtime chief Rajeev Jain once again take over the... Read More


ICICI Bank warns of more margin pressure as repo cuts bite

Mumbai, July 19 -- ICICI Bank Ltd expects further pressure on its net interest margins (NIMs) in the July-September quarter, as the full impact of the Reserve Bank of India's (RBI) rate cuts continues... Read More


Talcher urea plant revival takes shape as banks consider Rs.10,000 cr loan

Mumbai, July 9 -- The plan to revive India's first coal-based urea plant at Talcher, Odisha has gained steam as banks will start assessing the project afresh for lending up to Rs.10,000 crore, after b... Read More


External spillovers could dampen India's growth outlook, says RBI governor Sanjay Malhotra

Mumbai, June 30 -- Despite India's strong domestic drivers and fundamentals, spillovers from external challenges and weather-related events could impact growth, said Sanjay Malhotra, governor of the R... Read More


Current account swings to Q4 surplus, may slip again: RBI

mumbai, June 28 -- After three deficit quarters, India reported a current account surplus for January-March, but is expected to slip back into a deficit in the ongoing first financial quarter of 2025-... Read More


Current account swings to Q4 surplus, may slip again

mumbai, June 28 -- After three deficit quarters, India reported a current account surplus for January-March, but is expected to slip back into a deficit in the ongoing first financial quarter of 2025-... Read More


India records current account surplus in Q4, net services receipts increase

Mumbai, June 27 -- India's current account recorded a surplus of 1.3% of gross domestic product (GDP) in Q4 of FY25 compared with a deficit of 1.1% in the previous quarter, data released by the Reserv... Read More


India scores a current account surplus in Q4, but may return to a deficit in Q1

Mumbai, June 27 -- After three deficit quarters, India reported a current account surplus for the January-March period, but is expected to slip back into a deficit in the ongoing first financial quart... Read More


Standard Chartered Bank scouting for partners for green loans to small businesses

Mumbai, June 23 -- Standard Chartered Bank is scouting for partners to explore green lending to small businesses in India, having started a similar pilot project in Singapore, a senior official said. ... Read More


RBI says jumbo rate cut a signal to bolster growth

Mumbai, June 21 -- Members of the Reserve Bank of India's Monetary Policy Committee decided in favour of an unexpected 50-basis point (bps) rate cut at their meeting earlier in June to prop up economi... Read More