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Category: INDIA

  • Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data

    Bank credit grew by 7.9 percent to Rs 116.27 lakh crore and deposits rose by 8.6 percent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed. In the fortnight ended February 26, 2021, bank advances stood at Rs 107.75 lakh crore and deposits at Rs 149.33 lakh crore, according to the […]

    March 11, 2022

  • RBI imposes monetary penalty of Rs 1 crore on State Bank of India

    The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI. As per the press note, the irregularities were identified after a Statutory Inspections for […]

    March 7, 2022

  • India’s shipment of wheat to Afghanistan via Pakistan to begin next week

    India’s 50,000 tonnes of wheat shipment to Afghanistan as part of its humanitarian aid to the trouble-torn country through Pakistani soil will start from next week, officials said. India has been pitching for providing unimpeded humanitarian aid to Afghanistan to address the unfolding humanitarian crisis in the country. It has already announced plans to send […]

    February 15, 2022

  • India, Australia vow to work together for inclusive growth in Indo-Pacific: EAM S Jaishankar

    India and Australia have pledged to work together for building more trusted and resilient supply chains and ensuring broad and inclusive growth in the strategic Indo-Pacific region, External Affairs Minister S Jaishankar said in Melbourne on February 12. Speaking at a joint press conference with his Australian counterpart Marise Payne after their bilateral meeting and attending a […]

    February 12, 2022

  • Alka Mittal becomes first woman to head ONGC as CMD

    Alka Mittal, director of human resources at energy major Oil and Natural Gas Company (ONGC), has been given the additional charge of chairman and managing director, the company announced on January 3. With this appointment, Mittal has become the first woman ever to head ONGC as its CMD. She will hold the post for six months or until […]

    January 4, 2022

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