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RBI places restrictions on Mogaveera Co-operative Bank, caps withdrawals at Rs 1 lakh

India, June 15 -- The Reserve Bank of India has imposed operational restrictions on Mogaveera Co-operative Bank Ltd. under provisions of the Banking Regulation Act, 1949, citing concerns over the bank... Read More


RBI announces Rs 75,000 crore overnight VRR auction to manage liquidity

India, June 15 -- The Reserve Bank of India has announced an Overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) framework to address evolving liquidity conditions... Read More


RBI imposes Rs 70,000 penalty on Repco Home Finance

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 70,000 on Repco Home Finance Limited for non-compliance with regulatory directions relating to the Fair Practice Code. ... Read More


RBI imposes Rs 3.10 lakh penalty on True Credits for KYC norm violations

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 3.10 lakh on True Credits Private Limited for non-compliance with certain provisions of the RBI's Know Your Customer (K... Read More


RBI imposes Rs 3.90 lakh penalty on IIFL Samasta Finance for regulatory lapses

India, June 15 -- The Reserve Bank of India has imposed a monetary penalty of Rs 3.90 lakh on IIFL Samasta Finance Limited for non-compliance with provisions related to Know Your Customer (KYC) norms ... Read More


Gujarat Inject Kerala secures Rs 14.49 cr solar module order from Deon Energy

India, June 15 -- Gujarat Inject Kerala Ltd. (GIKL), which is in the process of rebranding as Regenova Renewtech Limited, has received a purchase order worth approximately Rs 14.49 crore (excluding GS... Read More


Rupee surges 58 paise to 94.60 against US Dollar in early trade

India, June 15 -- The Indian rupee appreciated by 58 paise to 94.60 against the US dollar in early trade on Monday, supported by a sharp decline in global crude oil prices following reports of a peace... Read More


Advit Jewels announces launch of initial public offering

India, June 15 -- Advit Jewels Ltd. has announced public offering of 11968000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 128.00 per share. The gross proceeds of the issue are expec... Read More


Sangam Health Ca has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2022

India, June 15 -- As of March 2022, 70.12% is owned by Indian Promoters and 29.88% by Public. Institutional holds 8.43% (Insurance Companies 1.34%) and Non-Institutional holds 21.44% as Public shareh... Read More


Aluminium futures slip on weak demand from consuming industries

India, June 15 -- Aluminium futures edged lower on Monday as traders reduced their positions amid subdued demand in the spot market. On the Multi Commodity Exchange of India, aluminium contracts for ... Read More