The Reserve Bank of India’s Monetary Policy Committee (MPC) recently met for three days to make decisions about the country’s financial policies. This is the final meeting for the financial year 2024 and the first of the year 2024. The committee is expected to maintain the repo rate at 6.5 percent, where it has been … Read more
Starting in March 2024, the Reserve Bank of India will not allow Paytm Payments Bank to provide any more banking services. The reason for this move is because there are worries that the bank is not appropriately adhering to regulatory requirements. The RBI stated after conducting an in-depth audit, they discovered recurring problems with compliance … Read more
LIC and HDFC Bank News : In a major development, the Life Insurance Corporation of India Ltd (LIC) has received the green light from the Reserve Bank of India (RBI) to buy up to 9.99% of HDFC Bank, the largest private sector bank in India. HDFC Bank officially informed the stock exchanges about this on … Read more
