kotak mahindra bank
Business Finance

Kotak Mahindra Denies Bid For IDBI Bank

By BPN News Desk
Kotak Mahindra Bank clarified that it has not submitted a bid for IDBI Bank, responding to market speculation about potential participation in the government’s ongoing disinvestment process. The statement was issued to address reports suggesting the private lender was evaluating an acquisition proposal. Kotak Mahindra Bank Denies IDBI Bank Bid The bank said it has […]
RBI
Business Finance

RBI Keeps Repo Rate Unchanged After Budget

By BPN News Desk
The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged in its first monetary policy decision after the Union Budget, maintaining its cautious approach amid moderating inflation and steady economic growth signals. RBI Repo Rate Decision After Budget The Monetary Policy Committee decided to hold the repo rate steady, signalling continuity in its […]
RBI
Business Finance

RBI Holds MPC Meeting to Review Monetary Policy

By BPN News Desk
The Reserve Bank of India on Wednesday began its Monetary Policy Committee meeting to assess macroeconomic conditions and decide on the future course of interest rates. Rate Decision Due on Friday The three-day meeting will conclude on Friday, when the RBI will announce its policy decision. The committee will review inflation trends, growth indicators, liquidity […]
Business Finance

Rupee Strengthens to ₹90.40 After Trade Deal

By BPN News Desk
The Indian rupee strengthened to ₹90.40 against the US dollar, gaining about 1.2% following news that the United States reduced tariffs on Indian goods as part of a trade agreement. The appreciation reflected improved investor sentiment and expectations of stronger foreign investment flows. Market Reaction and Trade Impact The currency had been under pressure in […]
Business Finance

Rupee Slips to Record Low Amid Market Pressure

By BPN News Desk
The Indian rupee fell to a fresh record low against the US dollar, weakening past previous lows amid strong dollar demand and ongoing selling pressure from foreign investors. The depreciation reflects continued stress in the foreign exchange markets and cautious investor sentiment. Foreign Outflows and Market Impact Sustained foreign portfolio outflows from Indian equities
Business Finance

ICICI Bank Extends CEO’s Tenure by Two Years

By BPN News Desk
ICICI Bank has approved a two-year extension for Managing Director and Chief Executive Officer Sandeep Bakhshi, deferring succession-related discussions at the country’s second-largest private sector lender. The decision extends his tenure beyond the previously scheduled end, subject to regulatory and shareholder approvals. Board Cites Continuity The bank’s board said the

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