The next bi-monthly monetary policy review is scheduled to be announced on June 4, following the meeting of the Monetary Policy Committee (MPC) beginning Wednesday
Read more about RBI likely to retain benchmark interest rate on Friday, feel experts on Business Standard. Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts
Lump sum financial compensation, continued payment of last drawn salary to the family, job for a family member on compassionate grounds, extension of medical insurance are some of the welfare measures announced by various corporates for the .
Public sector lender Indian Bank has posted a net profit of Rs 1,709 crore in the fourth quarter ended March 2021 (Q4FY21) as against net loss of Rs 1,641 crore in the same quarter last year (Q4FY20). The net profit for FY21 stood at Rs 3,005 crore as against loss of Rs 4,643 crore for FY20. This was the first year of operation for the amalgamated entity after Allahabad Bank merged with Indian Bank on April 1, 2020. Its board has recommended a dividend of Rs two per equity share (20 per cent) for the financial year 2020-21. Its stock closed 1.13 per cent up at 142.6 per share on BSE.