Shivalik Small Finance Bank receives license from RBI
Delhi: Shivalik Small Finance Bank (SSFB)on Tuesday announced the receipt of a licence from Reserve Bank of India (RBI)to carry on banking business as a Small Finance Bank (SFB) in India. This marks the successful completion ofthe last major step in the transition of Shivalik Mercantile Co-operative Bank (SMCB) to a SFB. SMCB is thefirst Urban Cooperative Bank (UCB) in India to transition to a Small Finance Bank under the voluntarytransition scheme.
Petrol, diesel prices hold even as crude remains strong
New Delhi: Retail fuel prices across the four metro cities remained unchanged for the fifth consecutive day on Tuesday.Accordingly, in the national capital, petrol was sold at the record high of Rs 84.20 per litre, reached on Thursday (January 7).In Mumbai, Chennai and Kolkata, the fuel was priced at Rs 90.83, Rs 86.96 and Rs 85.68 per litre, respectively.Petrol and diesel prices had increased on two successive days last Wednesday and Thursday taking gasoline to record high levels in Delhi while keeping its prices very close to record high levels in other metro cities.
Gold gains Rs 297; silver jumps Rs 1,404
New Delhi: Gold prices in the national capital jumped for the second consecutive day on Tuesday gaining Rs 297 to Rs 48,946 per 10 gram, in line with rally in international preciousmetal prices, according to HDFC Securities.In the previous trade, the precious metal had closed at Rs 48,649 per 10 gram. Silver also gained Rs 1,404 to Rs 65,380 per kg, from Rs 63,976 per kg in the previous trade. In the international market, both gold and silver were trading in the green at USD 1,858 per ounce and USD 25.39 per ounce, respectively.The rise came amid rising crude oil prices.
Currently, Brent crude price is high near the $56-per-barrel mark.Diesel price also was the same for the fourth consecutive day across the metros. In Delhi, Mumbai, Chennai and Kolkata, diesel was priced at Rs 74.38, Rs 81.07, 79.72 and Rs 77.97, all unchanged levels since Thursday.