The Fall Of Lakshmi Vilas Bank Explained, Why Are Indian Banks Under Fire?
Lakshmi Vilas Bank becomes the fifth financial institution in India to fail. In the last two years, India has seen the downfall of banks such as IL&FS, DHFL, Yes Bank,…
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Lakshmi Vilas Bank becomes the fifth financial institution in India to fail. In the last two years, India has seen the downfall of banks such as IL&FS, DHFL, Yes Bank,…
RBI places Lakshmi Vilas Bank under moratorium for a period of one month; Restricted withdrawals at ₹ 25,000 for depositors The Reserve Bank of India (RBI) on Tuesday has placed…
WPI shows that wholesale price inflated up to 1.48 percent in October; highest since February The wholesale price inflated up to 1.48 percent in October, which marks as highest in…
Ruchi Soya, the edible oil brand owned by Baba Ramdev’s Patanjali Ayurved will launch a follow-on public offer (FPO) next year. According to Baba Ramdev, the FPO will be launched…
Loss in overseas subsidiaries meant that Tata Steel saw their profits go down. However, during the same time, the Indian business of the company improved significantly as the COVID-19 pandemic…
Blessed are those who have a great family to take care of. When it comes to family, you prioritize everything for them – from choosing the best product to spending…
Several factors like the sudden surge of coronavirus cases that are hampering the global economy and an unexpected rise in U.S. crude stockpiles lead to a sudden fall in oil…
Finance Minister of India Nirmala Sitharaman has announced an emergency credit line guarantee scheme 2.0 (ECGLS) for 26 stressed sectors on Thursday. The sectors for which the emergency credit line…
The Indian Banks Association signed the 11th bi-partite wage agreement with the representative of bank employees and made way for a 15 percent wage hike. This agreement applies to all…
On Wednesday, the union cabinet approved a ₹ 2 lakh crore production linked investment (PLI) scheme. This scheme has been approved for 10 sectors in order to boost domestic manufacturing…