ICICI Bank scraps bell curve assessment: Hikes standardised, no more targets based on individual performance
Hikes and bonuses will now be linked directly to the bank's performance, meaning increases for most staff will be identical and will be directly related to its profitability, two people familiar w...
India needs 4 different SBI-sized banks: FM Sitharaman
Finance Minister Nirmala Sitharaman addressed the Annual General Meeting of the Indian Banks' Association in Mumbai on Sunday, where she said, "India needs 4 different SBI-sized banks."...
Global economy not out of the woods yet: RBI Governor
RBI Governor Shaktikanta Das on Tuesday said the global economy is showing some signs of recovery, but it's "not yet out of the woods". "Last year, I had noted that COVID-19 has cri...
Govt introduces new registration mark for vehicles for seamless transfer across states
Government has introduced a new registration mark for new vehicles - Bharat series (BH-series). A vehicle with BH-series mark will not require a new registration mark when the owner shifts from one st...
Trials for digital rupee in India may begin by December: RBI Governor
The RBI may launch its first digital currency trial programmes by December, Governor Shaktikanta Das told CNBC in an interview. "We're being extremely careful about it because it's comple...
Forex reserves rise by $5 bn to lifetime high of $609 bn
India's currency war chest touched a record high of $609 billion in the week ended June 25, 2021, RBI data showed. During the week ended June 18, the reserves had declined by $4.418 billion to $60...
Govt brings retail, wholesale trades under MSME, to benefit 2.5 cr traders
The government has revised guidelines for micro, small and medium enterprises (MSME) to include retail and wholesale trades under the category, making the entities eligible for priority sector lending...
Second wave of COVID-19 took grievous toll on India: RBI Governor
The Reserve Bank of India (RBI) has released the bi-annual Financial Stability Report in which Governor Shaktikanta Das wrote that the second wave of coronavirus pandemic took a "grievous toll&qu...
Dr Reddy's announces commercial launch of DRDO's anti-COVID-19 drug 2DG
Dr Reddy's Laboratories on Monday announced the commercial launch of anti-COVID-19 oral drug 2DG developed by the Defence Research and Development Organisation (DRDO). The drug will be supplied to...