Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday. As credit growth is outpacing...

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release. "With the Reserve...

Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay out...

The government has simplified the overseas investment rules with the aim of enhancing the 'ease of doing business' sentiment. It has simplified the existing framework for overseas investment by aligning it with the current business...

Foreign Portfolio Investors (FPIs) turned net buyers of debt so far in August nearly after six months due to cooling of oil prices, easing of inflationary pressure, manageable deficits to buoyant tax collections. According to the depository...

Global equity markets are breathing easy with the key commodity prices, metals, crude oil and others, cooling off, said ICICI Securities in a report. "The recent cool off in key commodity prices viz. metals, crude among others, comes as a...

The Reserve Bank of India (RBI) released a discussion paper on "Charges in Payment Systems" for public feedback, the central bank said in a release. Feedback may be provided in respect of questions raised therein, including other...

Companies in India will hand out a 10% median salary hike in 2023, according to global advisory firm Willis Towers Watson (WTW’s) salary budget planning report. The report said this will translate to an average salary increase of 9.8%...

Insurance regulator IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the interest of...

The global digital ad spend is forecast to reach $781 billion by 2022, up from $723 billion in 2021, a $58.0 billion increase. As this industry continues to grow, performance and brand marketing are more intertwined. As a result, brands should...