Shares of bank plunged as much as 23%, hitting a day’s low of ₹133 apiece on the BSE in Monday’s early deals after a slew of concerning developments over the weekend. RBL Bank’s Vishawvir Ahuja has stepped down as MD & CEO, and the bank has appointed Rajeev Ahuja as as the interimRead More →
By Administrator_ India Capital Sands The Reserve Bank of India has relaxed its norms on what banks can do with their excess dollars in the currency market, according to sources. The RBI had already allowed banks to invest their excess dollars in foreign currency bonds, but a rule in July 2016Read More →
By Administrator_India Capital Sands The Centre and the RBI informed the Supreme Court on Tuesday that the moratorium on repayment of loans must be extendable to two years under certain conditions. And, the sectors most distressed by the economic slowdown are being identified. The apex court said it would hear theRead More →