The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
Tata Consultancy Services Limited (TCS) has partnered with Five Star Bank, a subsidiary of Financial Institutions Inc, to aid it in determining lending risks and delivering hyper-personalised customer experiences.
EXAMIANS