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Banking stocks rally as RBI delivers surprise rate and CRR cuts; Nifty Bank jumps 1.6%, Nifty Fin Services surges 2%
Banking and financial shares surged after the RBI cut the repo rate by 50 bps and CRR by 100 bps, signaling a focus on ...
Will the RBI rate cut push Indians to swap fixed deposits for stock market investments?
The RBI's 50 basis point repo rate cut to 5.5% aims to stimulate economic growth as inflation eases. This shift may lead to ...
Trade Brains on MSN17m
Flipkart Makes History as First Indian E-Commerce Giant to Land RBI Banking Licence
Flipkart just scored a major financial industry first. The Reserve Bank of India (RBI) granted the e-commerce leader a Non-Banking Financial Company (NBFC) license. Now, Flipkart has become India's ...
Sensex up 747 pts on 'jumbo' rate cut, eco growth thrust
The Sensex surged by 747 points, closing at 82,189, following the RBI's unexpected 50 basis points interest rate cut, which ...