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The RBI said the licence has been cancelled as the Karwar Urban Co-operative Bank does not have adequate capital and earning prospects. As such, it does not comply with the provisions of the Banking Regulation Act.
India's green energy and tech ambitions face hurdles due to its reliance on China for rare earth elements (REEs), crucial for EVs, electronics, and clean energy. Despite holding significant reserves, India's REE production is minimal co ...more
Amid global uncertainties, the RBI emphasizes India's strategic opportunity to strengthen trade ties, particularly with the upcoming UK FTA. Domestic economic activity remains steady, supported by a good kharif crop and strong services ...more
The proposal to acquire the stake from minority shareholders in an all cash deal is a strategic investment aimed at to expanding geographic footprint in South Africa, Natco said
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