Bank of Baroda

The board of the Reserve Bank of India has approved Rs 87,416 crore of surplus transfer to the government for the financial year 2022-23 –while deciding to keep the contingency risk buffer at 6%. The surplus is almost three times…

The government expects the cost of borrowing through dated government securities (G-Secs) and treasury bills (T-Bills) to moderate, going forward, with the benchmark 10-year G-Secs likely to trend below 7%, aided by a sound borrowing…

In the aftermath of the collapse of Silicon Valley Bank (SVB), banking units at International Financial Services Centre (IFSC) in Gujarat’s Gift City emerged as one of the several options for startups and tech companies, which had their…

Gurugram-based end-to-end SaaS platform GetWork has raised Rs 7 crore in a Pre-series A round from Samarthya Investment Advisors, NVS Wealth Managers, and Artha Venture Fund, it said in a statement.The round also saw participation from…

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The Indian economy is likely to clock a GDP growth of just 5.8% in the second quarter of this year The Indian economy is likely to clock a GDP growth of just 5.8% in the second quarter of this year, State Bank of India (SBI) economists…

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FSN E-Commerce Ventures, which runs online beauty and fashion retailer Nykaa, reported a net profit of Rs 5.2 crore in Q2 of FY23, up 344% from the same quarter last year. Founder Falguni Nayar – who was named CEO of the Year at the recent…

Mumbai: The Reserve Bank of India (RBI) will become one of the first major central banks in the world to start a pilot project with its own virtual currency when the wholesale digital rupee is used on a trial basis from Tuesday — initially…