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The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period, RBI data shows.

This comes even as high food inflation remains a challenge in several major economies across the world and the Reserve Bank of India (RBI) sees food price uncertainties weighing on the inflation outlook, it noted.

Vodafone raised Rs 18,000 crore from the market earlier this week. The sector continues to flourish and continues to be the backbone of digitalisation, he said.

EU lawmakers backed the Corporate Sustainability Due Diligence Directive (CSDDD) by 374 votes to 235 against, with 19 abstentions, Reuters reported.

While the bank reassured to its existing customers of uninterrupted services, including credit card, mobile and net banking, the market took the RBI action seriously.

The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.

Asks banks to report such trading to Enforcement Directorate

The board has recommended a final dividend of Rs 24 for the financial year ended March 2024 on equity shares of Re one each. It had earlier paid an interim dividend of Rs 18 per share.

With dwindling inventory levels, the scales appear tilted towards the premium end of the market

In an order last week, the Department of Personnel and Training assigned additional charge of MoSPI Secretary to Garg, who currently holds the charge of Secretary, Department of Social Justice & Empowerment.