Shadow banks are riding out the crisis while…

By Divya Patil and Anil PooniaThe health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic. Premiums on…

Central Bank of India reduces MCLR by 5…

Central Bank of India has reduced its marginal cost of funds-based lending rates (MCLR) by 5 basis points (bps) across all tenors, effective from Tuesday. The city-based lender has cut the one-year MCLR to 7.10…

Tech trade group urges India not to accept…

Washington: A global tech trade association on Wednesday urged India not to accept the report by the Expert Committee on Non-Personal Data Governance Framework, noting that it has several troubling elements that will threaten foreign…