Business and Economy (17-22 Dec 2018)

1. IDFC Bank completed the merger process with Non-Banking Financial Company ‘Capital First’ on 18 December 2018.
2. The RBI will increase the amount of liquidity infusion by Rs.10,000 crore to Rs. 50,000 crore in December 2018.
3. On 20 December 2018, the RBI announced a cap for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP of the country.

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