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News Wrap Nov 26: Bloodbath on D-Street; RBI maintains status quo; 'more transmissible' COVID variant and more
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cnbctv18.comLogging the worst day since April, Indian benchmark indices plunged nearly three percent on Friday tracking heavy sell-off across global markets amid concerns over the new COVID-19 variant that has emerged in South Africa. The Reserve Bank of India (RBI) has released the rules for the ownership and corporate structure of private banks in the country.
Meanwhile, the Civil Aviation Ministry has decided to allow scheduled international flights to resume operations in December. For all these stories and everything in between, here are some top news of the dayECONOMYRBI announces new norms for banksBank promoters can hold up to 26 percent stake in long-term, higher from 15 percent currently, the Reserve Bank of India (RBI) said Friday.
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