Posts Tagged ‘Indian central bank’

India’s cash ban failed even to create a bank savings culture

By Mihir Sharma / BLOOMBERG
The Indian central bank’s final tally of Prime Minister (PM) Narendra Modi’s 2016 demonetisation drive, intended to ...

Nainital Bank is said to be put up for sale by state lender

By BLOOMBERG
MUMBAI • Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank Ltd as it sheds non-core assets to ...

RBI joins Goldman bet on investment U-turn

MUMBAI • The Indian central bank is betting benchmark interest rates at seven-year lows and the government’s recent move to inject a record US$32 billion ...