SEBI proposed various regulators oversee cryptocurrency-related activities within their jurisdiction, advocating against a unified digital asset regulator. RBI supports banning stablecoins, designed to stabilize against fiat currency volatility. In 2021, …
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Kotak Bank shares surge 4% despite RBI criticism, buoyed by Q4 outperformance, prompting investor interest in stock upgrade.
by smtfin
Kotak Bank recorded an 18.22% year-on-year (YoY) rise in standalone profit for the quarter ending March 2024, reaching Rs 4,133.30 crore, with net interest income (NII) increasing by 13% YoY …
Banking
The RBI MPC maintains the repo rate at 6.5% ,for the seventh consecutive time
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The repo rate stands at 6.50%, last revised on February 8, 2023, with no changes made by the RBI since then. It was raised from 6.25% to 6.50% in February …
Banking
To commemorate RBI’s 90th anniversary, PM Modi releases a special Rs 90 coin
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The 40-gram coin, crafted from 99.99% pure silver, celebrates RBI’s illustrious 90-year legacy and its accomplishments.
Banking
RBI announces all agency banks will operate for public on March 31
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Bank Holidays in March 2024: The Indian Government has asked all banks handling government transactions to stay open on March 31, 2024 (Sunday).
Banking
Yes Bank’s stock surged by 13% after HDFC Bank Group received approval from the RBI to acquire a 9.5% stake
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The approval is granted for one year and will be withdrawn if HDFC Bank Group doesn’t acquire the stakes within that timeframe.
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