ICICI Bank has entered into a Letter of Undertaking on July 4, with Prudential Corporation Holdings Ltd (Prudential) (Undertaking) pertaining to non-exercise of certain rights by Prudential relating to subsidiary ICICI Prudential Life Insurance Company, subject to approval of the…
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Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India’s initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative.…
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Five years after its creation, the Ministry of Cooperation is poised for a new phase focused on knowledge sharing, urban cooperatives, women-led institutions, youth engagement and innovative financing.
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SBI has consistently maintained an annual attrition rate of below 1 per cent (about 0.97 per cent in 2025-26) among the lowest in the industry, underscoring strong employee commitment, stability and the effectiveness of people-centric policies, the annual report said.
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Discussions will also cover critical minerals, cybersecurity, and clean energy. This follows a decade-old framework and aims to deepen economic ties, building on the landmark ECTA trade agreement which has already boosted bilateral trade to $54.4 billion.
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Foreign investors are pouring money into Indian debt, with record inflows in June, while simultaneously pulling out of local equities. This shift is driven by tax benefits, expanded investment options, and hopes for inclusion in global bond indices. Despite a…
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