RBI keeps Repo Rate unchanged at 6.50% in Monetary Policy Committee (MPC) Meet on October 06, 2023 The RBI Governor Shaktikanta Das announced the Monetary Policy Committee’s (MPC) decision on October 06, 2023, to keep the key policy repo rate Read more
Bengaluru’s Fintech startup Slice to merge with North East Small Finance Bank The Reserve Bank of India has approved the merger of Bengaluru-based fintech credit and payments startup Slice and Guwahati-based North East Small Finance Bank (NESFB). Once the merger Read more
UNCTAD projects India growth estimate at 6.6% for 2023 The UN Conference on Trade and Development (UNCTAD) has raised the economic growth forecast for India’s GDP in 2023 to 6.6% in its Trade and Development Report 2023. Earlier this was Read more
UBS Securities maintains India’s FY24 GDP Growth at 6.2% The UBS Securities has retained India’s real GDP growth forecast for financial year 2023-24 at 6.2 percent. UBS Securities is a swiss brokerage firm.
World Bank Projects Indian Economy to grow at 6.3% in FY24 The World Bank has projected India’s GDP (Gross Domestic Product (GDP) growth at 6.3 percent for FY2023-24, in its latest India Development Update (IDU). The IDU is World Bank’s Read more
OECD projects India’s GDP to grow 6.3% in FY24 The Organisation for Economic Cooperation and Development (OECD) in its latest update of forecasts for major economies has raised India’s gross domestic product (GDP) forecast for current fiscal 2023-24 (FY24) to Read more
S&P Global revises upwards India’s GDP in FY24 to 6.6% The S&P Global Market Intelligence has revised upwards India’s growth forecast for FY24 to 6.6%. This is a sharp revision from the 5.9% growth forecast in August 2023 by analytics Read more
Cashfree Payments launches ‘AutoPay on QR’ in collaboration with NPCI Cashfree Payments has announced the launch of ‘AutoPay on QR’ in collaboration with National Payments Corporation of India (NPCI). ‘AutoPay on QR’ will enable customer on-boarding through a two-step workflow Read more
RBI approves ICICI Bank CEO Sandeep Bakhshi’s re-appointment for 3 year The Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Bakhshi as the managing director (MD) and chief executive officer (CEO) of ICICI Bank, for three years Read more
ICICI Bank gets RBI approval to make I-Process Services wholly-owned subsidiary ICICI Bank has received approval from the Reserve Bank to make I-Process Services (India) Private Ltd a wholly-owned subsidiary of ICICI Bank, subject to receipt of requisite regulatory and Read more