RBI appoints R Lakshmi Kanth Rao as Executive Director
Prior to being promoted as an ED, Rao was serving as a Chief General Manager-in-Charge in the Department of Regulation.
Prior to being promoted as an ED, Rao was serving as a Chief General Manager-in-Charge in the Department of Regulation.
The Ministry of Statistics and Programme Implementation (MoSPI) said for FY24, India's Index of Industrial Production (IIP) stood at 5.8% against 5.2% in the previous year.
Sensex and Nifty 50 rebounded into positive territory, with the Sensex closing 260 points, or 0.36%, higher at 72,664.47, and the Nifty 50 finishing 98 points, or 0.44%, up at 22,055.20.
The PNB has announced that it will close all such accounts with no activity for the past three years and no balance, unless the Know Your Customer (KYC) process is completed by May 31, 2024. After this date, no further notice will be given to account holders.
Real estate consultancy Anarock said the share of luxury homes was 7% in the same quarter in 2019. The share of affordable homes, priced Rs 40 lakh or below, decreased to 20% from 37% in the same period.
On a sequential basis, the state-run lender's net profit jumped by 35.4 per cent compared to the Oct-Dec quarter
The Nifty has also nosedived nearly 850 points, from 22,794 points to 21,957 points, in the last five trading sessions.
The subsidiary was officially incorporated on May 7 after the approval of the RBI which came through in February this year.
Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company's lending partners.
With its burgeoning tech ecosystem and emphasis on harnessing the power of artificial intelligence (AI), India is on the cusp of becoming a global tech powerhouse, industry leaders said on Friday, ahead of the National Technology Day that falls on May 11.
