Anjali Kumari

Indian Overseas Bank plans to front-load ECL provisions while sustaining credit growth, backed by strong retail, MSME, and agriculture lending momentum

Currency weakens amid crude oil surge and West Asia tensions; RBI forward book deficit and rising bond yields add to pressure on the rupee

PSU lender reports sharp decline in quarterly profit due to deferred tax liability and weak treasury income, while core earnings and asset quality remain stable

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

Indian Overseas Bank reported a 43 per cent rise in Q4 FY26 profit, supported by higher NII and lower provisions, though margins moderated during the quarter

Market participants said that state-owned banks bought dollars, likely on behalf of the Reserve Bank of India (RBI) - a move which avoided further depreciation

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

Feedback highlighted operational challenges in capturing and reporting transactions undertaken by related entities across jurisdictions

India's foreign exchange reserves increased by $2.36 billion to $703 billion in the week ended April 17, driven by gains in foreign currency assets and gold

Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record highs

Government bond yields ended marginally lower after volatile trading, while the rupee stayed under pressure due to rising oil prices, global cues, and foreign outflows

Bank is likely to grow broadly in line with the market, both in assets and liabilities, says its MD & CEO

Rupee hits a three-week low past 94/$ as rising crude oil prices and a stronger dollar amid West Asia tensions weigh on the currency despite RBI interventions

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

Stock drops 7% amid sequentially higher provisions

The rupee weakened against the dollar, tracking Asian currencies and firm crude oil prices, amid geopolitical tensions and sustained foreign fund outflows

RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation

Currency weakens to 93.50 against dollar as RBI eases curbs on derivative trades, while oil prices and global factors continue to weigh on sentiment

State borrowing exceeds calendar estimate at weekly auction, with five states raising Rs 16,900 crore and SDL yields set at 7.64 per cent

Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline