by Team Small News | May 23, 2025 | Central Bank of India, RBI
The Reserve Bank of India (RBI) made a historic announcement on May 23, 2025, revealing a record dividend payout of ₹2.69 lakh crore to the Government of India for the financial year 2025. This unprecedented amount surpasses any previous dividend paid by the RBI in... by Team Small News | May 21, 2025 | RBI
The Reserve Bank of India (RBI) has granted “in-principle” approval to Emirates NBD Bank, a UAE-headquartered bank, to set up a Wholly Owned Subsidiary (WOS) in India. The approval is part of the “Scheme for Setting up of WOS by foreign banks in...
by Team Small News | May 21, 2025 | DBS, IDBI Bank, RBI, Standard Chartered
Emirates NBD, a leading Middle Eastern bank, is planning to establish a wholly-owned subsidiary in India to make its bid for IDBI Bank more attractive. The bank has received an in-principle nod from the Reserve Bank of India (RBI) to convert its existing branches in... by Team Small News | May 20, 2025 | RBI
The Indian Rupee (INR) has weakened in Tuesday’s Asian session due to dovish bets on the Reserve Bank of India (RBI) and concerns over potential trade tariffs. Consumer inflation in India fell to a near six-year low in April, increasing the likelihood of the RBI... by Team Small News | May 20, 2025 | RBI
The Reserve Bank of India (RBI) has announced that it is considering granting a license to Emirates NBD Bank PJSC to commence banking business in India through a wholly-owned subsidiary (WOS) mode. This decision is in line with the provisions of Section 22 (1) of the... by Team Small News | May 19, 2025 | Central Bank of India, RBI
The Reserve Bank of India (RBI) is set to purchase a significant amount of government debt, which is expected to lead to a dip in Indian bond yields. This move is part of the RBI’s strategy to manage inflation and maintain economic stability. The central bank...