▶️ SBI Plans ₹60,000-Crore Bond Raise: The country’s largest lender will raise funds through bonds to support credit growth.
▶️ Tax Collections Stay Strong: India’s net direct tax collections rose 14.6% to ₹5.21 lakh crore till June 17.
▶️ RBI to Infuse ₹1 Trillion: The central bank will conduct a three-day VRR auction to ease liquidity conditions.
▶️ Emirates NBD Takes Control of RBL Bank: The Dubai-based lender has completed the acquisition of a 60% stake in RBL Bank.
▶️ India-UK Trade Deal Opens Auto Market: India will allow imports of 378,000 UK cars at lower duties over 15 years.
▶️ Monsoon Deficit Deepens: India is facing a 41% rainfall deficit as the southwest monsoon stalls over Maharashtra.
▶️ SEBI to Review Key Market Reforms: The regulator’s board will consider proposals on open-market buybacks, faster AIF approvals and mutual fund borrowing norms.
