Bloomberg India’s third-largest private lender is joining its larger rivals in offering pay hikes to staff even as the economic fall out of the coronavirus pandemic threatens profit growth. Axis Bank Ltd. will increase staff salaries between 4% and 12% based on performance, according to people with knowledge of the plans. The Mumbai-based lender, which has about 76,000 employees, also ...

Bloomberg Australia’s central bank (RBA) kept monetary policy unchanged on Tuesday, clearing the field for the government to unveil a fiscal blueprint designed to drive the economy’s recovery from a Covid-induced recession. Reserve Bank Governor Philip Lowe kept both key interest rate and three-year yield target unchanged at 0.25%, as expected. The labour market is a key focus for the bank, ...

Bloomberg The Reserve Bank of India (RBI) will hold its delayed policy meeting this week after the government belatedly appointed new members to the interest rate-setting committee. The Monetary Policy Committee will meet October 7-9, the RBI said in a statement on Tuesday, more than a week later than originally planned. The RBI’s statement came after the Finance Ministry’s announcement ...