RBI norms may force Tata Sons to consider mega IPO
The last time such a big IPO hit the market was the LIC IPO, which was worth Rs 21,000 crore
The last time such a big IPO hit the market was the LIC IPO, which was worth Rs 21,000 crore
The RBI asked merchants availing the services of PPBL to open settlement accounts with one or more PSP banks
The action against Paytm Payments Bank was triggered by what RBI officials called persistent non-compliance with regulations
HDFC Bank, the country's largest private lender, will acquire stakes in Axis Bank, ICICI Bank, YES Bank, Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
Earlier this month, India's statistics office forecast annual growth of 7.3%, the highest among major global economies, for the current fiscal year ending in March
The gross non-performing assets (GNPA) ratio of banks also declined to a multi-year low of 3.2 per cent, it said
This raised expectations that the central bank won't hinder growth and might lower interest rates if needed
Nifty 50 today opened at 20,932.40 against the previous close of 20,937.70 and touched its intraday high and low of 20,941.25 and 20,850.80 respectively