The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank Ltd , three people familiar with the matter told Reuters.
India's consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India's upper tolerance limit for the first time this year, a Reuters poll of economists found.
Indian shares reversed early losses on Thursday, after the Reserve Bank of India kept key policy rates unchanged "to assess the progress made so far" in tackling inflation.
The Reserve Bank of India's decision to keep interest rates unchanged, after a nearly year-long hiking cycle, may extend even though the central bank described its move as a pause and not a pivot, said one of the few analysts who predicted the surprise decision.
Indian shares extended gains on Wednesday as the central bank left its key interest rates unchanged as expected, and promised adequate policy support to help sustain a durable economic recovery amid worries around the Omicron coronavirus variant.