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Doritos at $7 a bag ended up costing PepsiCo billionsIn an unexpected twist, Frito-Lay, a subsidiary of PepsiCo, is slashing prices by as much as 15% on beloved snacks like Doritos and Cheetos...- SBI, PNB, other banks say ATMs well stocked, fully functionalState Bank of India, Punjab National Bank, and other lenders have assured the public that their ATMs are fully functional and well-stocked,...
- Govt allows direct listing of Indian cos on international exchanges of GIFT IFSCThe government on Wednesday permitted the direct listing of securities by Indian companies on international exchanges of GIFT IFSC to boost...
- RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative BankIn a separate release, the RBI said a penalty of Rs 20 lakh has been imposed on Indian Mercantile Co-operative Bank, Lucknow for non-compli...
- RBI asks large UCBs to appoint chief compliance officersCompliance risk is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer as a result of...
- RBI imposes penalties on Federal Bank, Bank of IndiaAbout Federal Bank, RBI said the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance brok...
- Rate hike signals RBI wants to act quickly before inflation derails growth, say expertsAccording to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under imme...
- Reserve Bank's MPC to meet 6 times next fiscal; first meeting scheduled for April 6-8According to the schedule released by the RBI on Wednesday, the first bi-monthly monetary policy of 2022-23 is scheduled for April 6-8, and...
- RBI launches surveys to gather inputs for monetary policyAnnouncing the launch of March 2022 round of Inflation Expectations Survey of Households (IESH), RBI said the survey aims at capturing subj...
- Jewellers can now repay part of gold loan in physical goldOne of the conditions is that the GML has been extended out of locally sourced or GMS-linked gold. Another condition is that the loan agree...
- Mobile prepaid recharge facility on BBPS by August-end: RBIThe Reserve Bank of India on Monday said the scope of the Bharat Bill Payment System (BBPS) will be expanded by August 31 this year by addi...
- House price index rises 2.8 per cent on annual basis: RBIThe cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. House prices in Bengaluru, Kochi, ...
- IDBI Bank strives to come out of RBI PCA framework this fiscal, says MD Rakesh Sharma"Your Bank is cautiously optimistic of an early exit from the PCA framework in FY2020-21 as it builds on the gains made in FY2019-20 so tha...
- Government may need to further extend tax return deadline if COVID cases continue to rise: ExpertsThe coronavirus cases in the country have exceeded 6.5 lakhs and it may take months before the vaccine is developed or the normalcy is rest...
- RBI asks banks, NBFCs to carry out money laundering risk assessment periodicallyThe Reserve Bank of India asked banks and NBFCs to carry out money laundering (ML) and terrorist financing (TF) risk assessment exercise pe...
- RBI slaps penalties on Axis Bank, UCO Bank and Syndicate BankThe RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through c...
- Banks merger a progressive step: Ficci"This is a progressive move and signifies the government's determination to strengthen the banking sector in the country for a better perfo...
- Production of Rs 10 coins halted temporarily on adequate stocks: GovtThere is no plan to stop production of coins, Finance Minister Arun Jaitley said in a written reply dated February 2 and made available tod...
- Law review panel to take final call on GST suggestions: Finance MinistryThe Law Review Committee and the Advisory Group of the Law Review Committee were both constituted on November 2.
- ESOPs should be taxed only when benefits are realised: ReportCompanies offer stocks to their employees by way of Employee Stock Option Plans (ESOPs).
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