RBI Penalizes SBM Bank (India) With Rs 88.70 Lakh Fine
The Reserve Bank of India recently conducted a buyback of government securities (G-Secs), receiving offers totaling ₹17,384.552 crore, but accepting only ₹10,513 crore, despite the notified amount being ₹40,000 crore. Market analysts speculate that banks may have offered G-Secs at higher prices, leading to rejection of offers out of sync with secondary market prices.
The government’s robust financial position, indicated by significant April 2024 GST collections amounting to ₹1.92 lakh crore, along with expected RBI dividend declarations, likely influenced its decision to undertake the G-Sec buyback.
The government’s buyback strategy reflects its liquidity position and strategic fiscal management amidst market dynamics.
Zhang Yiming, the founder of ByteDance, is currently the richest person in Asia as his…
The participation of India in the Asian Games has been dominated by some sports that…
A modification in the validity of passports has been brought in by the Ministry of…
India has identified shooters Manu Bhaker and shot putter Tajinderpal Singh Toor as their flag…
Five orphaned orangutans that had been rescued from the Bichitrapur forest of the Balasore district…
The newly introduced flower fields in Leh District have transformed the high-altitude region with their…