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Banks’ loan growth slows for eighth straight month in February, RBI data shows

MUMBAI, March 27 (Reuters) – Loan growth at banks moderated for an eighth straight month in February, central bank data showed on Thursday, due to a drop in personal and credit card loans following tighter rules by the Reserve Bank of India. The data showed that banks’ credit increased by 12% year-on-year last month, slower than the 16.6% rise a year earlier, excluding the impact of HDFC Bank’s merger with parent Housing Development Finance Corp. Including the merger impact, loans grew 11% in February, compared with 20.5% in the year-ago period. The loan growth rate slowed to 12.5% in January,

Opposition stage walkout from Rajya Sabha demanding discussion on attack on Samajwadi Party MP’s residence

New Delhi, Mar 27 (PTI) SP, Congress, and several other opposition parties staged a walkout from the Rajya Sabha during the morning session on Thursday protesting Chair’s decision to not allow discussion on the alleged threat and attempt to attack the residence of a sitting MP at Agra. Samajwadi Party (SP) was seeking suspension of the listed business of the day and taking up discussion on the issue. During the Zero Hour, Rajya Sabha Chairman Jagdeep Dhankhar informed that he has received seven notices on different issues under Rule 267. Rule 267, Rules of Procedure and Conduct of Business in

India set to double investment limit for foreign individuals in listed companies

NEW DELHI, March 27 (Reuters) – India’s central bank is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters. Foreign portfolio investors (FPIs), pressured by poor earnings, high valuations and prospects of U.S. tariffs, have pulled more than $28 billion out of Indian stocks since September’s record high in the benchmark NSE Nifty 50. To boost foreign investment, India is widening to all foreign investors benefits it had until now restricted to overseas Indians, while

Rajya Sabha Chairman Dhankhar rejects privilege notice against Amit Shah

New Delhi, Mar 27 (PTI) Rajya Sabha Chairman Jagdeep Dhankhar on Thursday rejected a privilege notice against Union Home Minister Amit Shah after he cited a 1948 government press release to authenticate his statement that a Congress leader was part of the management of Prime Minister’s National Relief Fund. Congress general secretary Jairam Ramesh had moved the notice against Shah for “casting aspersions” on Congress Parliamentary Party head Sonia Gandhi. Dhankhar said Shah had, after making certain remarks while replying to a debate on the Disaster Management Bill, 2024 in Rajya Sabha on March 25, agreed to authenticate his statement.

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