Tag Archives: status

AU Small Finance gets scheduled commercial bank status

AU Small Finance Bank has received Reserved Bank of India (RBI) approval to operate as Scheduled Commercial Bank. This bank’s name has now been included in the Second Schedule of Reserve Bank of India Act, 1934. Post acquiring scheduled commercial bank status, AU Small Finance Bank will be able to do borrowing and lending with RBI under Liquidity Adjustment Facility ... Read More »

HSBC calls for Theresa May to clarify status of EU nationals

HSBC has called on Theresa May’s government to clarify the position of EU nationals working in the UK because of the uncertainty caused by the Brexit vote. As Britain’s biggest bank reported profits down by almost 50% in the first nine months of the year, its chief executive, Stuart Gulliver, said the prime minister should be given “space” to negotiate ... Read More »

RBI may go for status quo in Aug 9 meet: DBS

The Reserve Bank of India may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 per cent and July-August prints may also stay high. According to the global financial services major, the room for further easing by the Reserve Bank is dependent on the inflation path and ... Read More »

Government grants infrastructure status to shipyard industry

Cochin Shipyard dock where India’s first indigenous aircraft carrier INS Vikrant is seen being built.  NEW DELHI: The government has granted infrastructure status to the shipyard industry, a move that will help the sectoral players get long-term financing at cheaper rates. A gazette notification issued by department of economic affairs in the ministry of finance last month issued an updated ... Read More »