RBI Governor Flags Rising Global Economic Risks
RBI Governor Malhotra has highlighted increasing global economic risks, indicating potential challenges for the international financial landscape.
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RBI Maintains Repo Rate, Governor Explains Policy Decision
The Reserve Bank of India's Monetary Policy Committee kept the repo rate unchanged, with Governor Malhotra explaining that high-frequency indicators suggest strong momentum in economic activity, supported by robust private consumption and investment demand.
IDFC First Bank Shares Plunge After Rs 590 Crore Fraud Revealed in Haryana Govt Accounts
IDFC First Bank's stock crashed after the bank disclosed a Rs 590 crore fraud involving unauthorized transactions from Haryana government accounts at its Chandigarh branch. The bank stated it's an isolated case and has suspended four employees.