Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India's newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesIndia's central bank kept its policy rate unchanged at 5.5% Wednesday in line with the expectations of economists polled by Reuters.Inflation moderated significantly in the first quarter, but gr ...

As per the exchange filing, the SCN was issued on September 29 by the Additional Commissioner of CGST and CEx.The notice demands GST amounting to Rs 216,27,31,316, including tax, interest, and penalty (where applicable), in relation to services provided by the bank to customers for maintaining specified minimum balances in their accounts.“On September 29, 2025 at 05:15 p.m., The bank stated that although it is currently engaged in litigation (including writ petitions) on similar issues raised in previous o ...

In July, India’s Light Vehicle (LV) wholesale figures increased by 9% month-on-month (MoM) to 398k units, translating to a modest 2% year-on-year (YoY) rise. This total consisted of 339k Passenger Vehicles (PVs) and 59k Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T, with PV volumes expanding by 8% MoM and 1% YoY, while LCV sales surged by 13% MoM and 8% YoY. Source: GlobalData Despite lackluster demand in urban markets, volumes were significantly bolstered by rural areas of t ...