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India's extreme poverty rate fell from 27.1% in 2012 to 5.3% in 2022, lifting 269 million out of poverty. In contrast, Pakistan's extreme poverty rose from 4.9% in 2017 to 16.5% in 2021, with ...

MUMBAI -- The Reserve Bank of India cut its key policy rate on Friday by an unexpectedly sharp 50 basis points to 5.5%, its lowest level in nearly three years, as tepid inflation allowed the bank ...

MUMBAI, May 19 (Reuters) - India's markets regulator is investigating six IndusInd Bank officials for insider trading to determine if they sold stock options while being aware of accounting lapses ...

Sumitomo Mitsui Financial Group (SMFG) is likely to merge its Indian non-bank arm SMFG India Credit with YES Bank. Written by FE Business May 14, 2025 10:43 IST ...

Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world ...

Bank of England Can Get Ahead of the Curve With Half-Point Cut UK policymakers should acknowledge that slow and steady easing isn’t sufficient to keep the economy afloat. May 7, 2025 at 12:00 AM EDT ...

Union Bank is understood to have purchased 189,450 paperback copies of the book at Rs 100 each and another 10,422 hardcover copies of the book at Rs 597 each, which came in at a total Rs 7.25 crore.

The World Bank has not been informed of India’s decision to keep the Indus Waters Treaty (IWT) in “abeyance,” sources confirmed to The Hindu.. Throughout the history of the treaty, the WB ...

SBI and Bank of India cut fixed deposit rates after RBI lowers repo rate by 25 bps to 6%. Amid surplus liquidity, more banks join in easing FD rates. SBI now offers 6.7%-6.9% on select tenures ...

After the Reserve Bank of India’s (RBI) decision to cut its repo rate on Wednesday, two state-run lenders - Bank of India and UCO Bank - announced 25 basis points reduction in lending rates.

India's central bank has cut interest rates by 0.25% amid a spate of downgrades to growth following Donald Trump's tariff announcements. The Reserve Bank of India (RBI) reduced repo rates from 6. ...