Benchmark indices ended the day higher, after gaining 600 points from the day's low point, on hopes that the tightly contested Madhya Pradesh elections may go the BJP way. Counting in the key state of Madhya Pradesh was not complete, at
Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.While Patel himself has said that he resigned due to personal reasons, many suspect the growing rift between the RBI and the Centre to be the cause.Notably, the last
Even as a lot of action in today's stock market trajectory is based on the elections outcome in 5 states, stock market was expected to trade highly volatile due to sudden and surprise exit of RBI's governor Urjit Patel after market
Markets were trading higher as leads from the various states began to trickle in. Leads and trends suggested that the Congress was set to win the states of Rajasthan and Chattisgarh, while it was tight race with the BJP in MP.
Reserve Bank Governor Urjit Patel who faced the possibility of an unprecedented action from the government over differences on a variety of issues, on Monday, resigned from his job citing personal reasons.
A day of state elections results has always brought volatility in the Indian markets. However, this Tuesday there are some substantial ongoing domestic and global problems that have worsened the element of uncertainty in the economy. 1. RBI Governor's Resignation: Urjit Patel
The Sensex has seen a solid 1,600 points fall since Dec 3, eroding investor wealth, as an expected Santa Rally has been quashed. The Sensex which closed at 36,241 points on Dec 3, 2018, last traded at 34,625 points. While
The Indian rupee fell sharply against the US dollar as currency markets react to the surprise exit of RBI Governor Urjit Patel on Monday evening. The domestic currency opened 1.55 percent lower to 72.44/dollar as against the previous day's close of
Counting has begun for the key states of Madhya Pradesh, Rajasthan, Chhatisgarh, Telangana and Mizoram. The SGX Nifty was down 174 points, indicating a negative start for the markets. Interestingly, the drop in the markets also had largely to do with
The Reserve Bank of India denied speculation that Deputy Governor Viral Acharya was resigning from his post. "Reports of Deputy Governor Acharya also having quit are baseless and incorrect," an RBI spokesperson told PTI.
In a statement, Urjit Patel said it was a privilege and honour to serve the central bank and expressed his gratitude to his colleagues and directors of the RBI central board.
The All India Reserve Bank Employees Association has expressed shocked over resignation of central bank governor Urjit Patel,saying one of the trigger points could be transfer of reserves to the government.
Reserve Bank of India Urjit Patel today resigned, making him the first Governor to resign since 1990. Patel's 3-year term was to end in Sept 2019. Speculation of Patel's exit had gathered momentum, following differences with the government. "On account of
BMW Motorrad company dealerships are offering heavy discounts and benefits on their G 310 R & G 310 GS offerings in India. The discounts and benefits on offer are up to Rs 50,000 across various dealerships and models.
Leading Indian lenders, the State Bank of India (SBI) and HDFC Bank have increased their marginal cost of funds based lending rate (MCLR) with effect from 10 December and 7 December respectively. MCLR is the minimum interest rate set by a
As part of its 20 year digital banking journey, leading private sector lender ICICI Bank has revamped its mobile banking app iMobile, enhancing the scope of its functionality for its users. In its attempt, the bank has made use
Here if you have a property whether residential or commercial that earns you rental income and you are in need of funds, you can use this loan option as being a secured loan type it is more cost-effective for you
As it is it has come to the fore, that after Supreme Court's verdict on aadhaar-based KYC, eKYC has been done away with. And consequently, it is known that the banking system has been taken back by 7-8 years as it
The rupee depreciated 59 paise to 71.40 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening US dollar against some currencies overseas.