Axis Bank’s CFO Puneet Sharma and Bandhan Bank’s CFO Rajeev Mantri both resigned within a day of each other, each citing career growth reasons. Sharma exits on 31 August after over six years at Axis, while Mantri will continue till 25 September. Two private-sector lenders saw their chief financial officers resign within a day of…
The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction. The RBI…
Silver rates hit a record high of Rs 2,00,362 per kg on the MCX today rising Rs 1420 against the previous close of Rs 1,98,942. Prices of silver crossed the Rs 2 lakh per kg mark on MCX for the first time ever tracking the broader uptrend in precious metals. Silver rates hit a record…
India is the top remittance recipient in the world, 3.5% tax to add to cost of transactions but may not discourage remittances by much Sending money back home from the US could turn costlier with the proposed “One Big Beautiful Bill” by the US, including a 3.5% tax on all remittances by non-citizens. While…