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BANK CONSOLIDATION
RBI withdraws relaxation on export earnings repatriationThe Reserve Bank of India has reversed a previous decision allowing exporters 15 months to repatriate earnings. The new deadline set is 9 m...- US Federal Reserve plans to raise bank oversight thresholds, sources sayThe US Federal Reserve is set to propose an increase in the asset thresholds for banking regulations, potentially raising the current $700 ...
- PC Jeweller becomes debt-free after clearing dues of all 14 consortium banksPC Jeweller Ltd has successfully cleared its dues with 14 consortium banks, becoming completely debt-free. The company’s total debt was app...
- New government site: Single portal being planned for UPSC, SSC, RRB exams to simplify applications and avoid exam date clashesThe Department of Personnel and Training is creating a centralized portal for government job applications and examinations. This innovative...
- UPI MDR decision completely professional, no external pressure: FM SitharamanTalking to PTI, Sitharaman said the decision was completely professional, and it was taken jointly by the National Payments Corporation of ...
- FM Nirmala Sitharaman rejects UPI MDR 'misconception,' says charge won't be passed to consumersFinance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...
- Two Trades for Today: A mid-cap PSU bank stock for a 6.1% upmove, a commodities exchange for an almost 7% riseOur technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical cal...
- VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI futureHappy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETt...
- Uday Kotak says India can become current account surplus nation: Asia's richest banker shares one golden formulaUday Kotak emphasized India's heavy dependence on gold imports, estimating a rise to $90 billion by FY27. He highlighted that excluding gol...
- BHIM MyUPI payments launched: 9 services users can access at one place, from checking transactions to managing UPI AutopayIn a significant move towards enhancing digital payments, NPCI BHIM Services Limited has introduced MyUPI, a conversational AI assistant se...
- Banks rethink UPI play; Big Tech's AI pivot dents Indian ITHappy Wednesday! The return of MDR on UPI is pushing banks to rethink products and budgets. This and more in today’s ETtech Morning Dispatc...
- High-level panel on banking likely by October-endIts composition is being finalised and is likely to include a former Reserve Bank of India (RBI) deputy governor, industry leaders from the...
- Two Trades for Today: A mid-cap private bank for a 6.3% upmove, an NBFC stock for an almost 7% gainOur technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical cal...
- Hill-house backed Elevate Campuses raises Rs 945-crore anchor bookHillhouse-backed Elevate Campuses raised Rs 945 crore from 20 anchor investors, including major mutual funds and Norges. The amount represe...
- PhonePe gets in-principle nod from UAE for first locally licensed overseas payments businessWalmart-backed PhonePe has received in-principle approval from the UAE central bank for two payments licences, paving the way for its first...
- State-owned Balmer Lawrie to demerge Travel & Vacations unitBalmer Lawrie's board approved demerging its travel unit into a subsidiary. This move aims for operational agility and significant revenue ...
- Gold likely to stay range-bound next week as dollar, West Asia tensions guide market: AnalystsAfter a week dominated by monetary policy and geopolitical developments, investors will turn their focus to a fresh batch of economic data,...
- Indian Bank, Bank of Maharashtra, Canara Bank among 9 PSU banks to merge with SBI, PNB, BoB? PIB respondsA Gazette notification claiming that nine public sector banks will be merged into State Bank of India, Punjab National Bank and Bank of Bar...
- Uday Kotak calls for committee to address India's gold imports, sees FY27 bill at up to USD 90 bnUday Kotak urged India to address its substantial gold import bill. He projected gold imports could reach USD 88-90 billion by FY27. Kotak ...
- FCNR boost for bank credit growth may be temporary, says Axis CEO Amitabh ChaudhryRecent foreign currency deposits could provide a short-term uplift to the growth patterns in bank lending. With the narrowing of differenti...
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