The rupee weakened to 94.83 against the dollar after eight sessions of gains as rising crude oil prices and dollar buying offset foreign inflows linked to the Jio Platforms IPO
Banking system liquidity surplus narrowed to Rs 542 crore as tax outflows tightened cash availability, pushing the weighted average call rate closer to the RBI's MSF rate.
Indian Bank has raised rates on its 555-day Ind Grow and 777-day Ind Prosper deposit schemes by 15 basis points each, following the RBI's October repo rate increase.
The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent
RBI MPC minutes show members concerned about broadening inflation, with two dissenting on the shift to calibrated tightening despite unanimous support for a 25-basis-point rate hike
The rupee strengthened to 94.47 per dollar, its strongest level in six weeks, supported by foreign inflows linked to Jio Platforms' IPO and recent RBI measures to curb dollar demand
The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1 ratio
Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.
Net interest income grew 20.09% to Rs 10,583 crore, while provisions remained largely unchanged and asset quality improved despite a decline in non-interest income
Employees will stage a nationwide hunger strike on November 2-3, demanding that the government halt the proposed sale to Fairfax and retain majority ownership of IDBI Bank
Interest income increased 18.45 per cent Y-o-Y to ₹10,357 crore, supported by a 27.6 per cent rise in interest earned on advances to ₹7,231 crore. Interest expenses rose 13.7 per cent to ₹6,211 crore
India's current account deficit narrowed to $5.2 billion in August from $6.1 billion a year ago, while strong banking capital inflows helped the BoP post a $45.4 billion surplus
RBI says banks must park a 20% forex risk reserve in CRR accounts over and above mandatory balances, as the new rules raise hedging costs and push up forward premiums
The rupee gained for a fifth straight session to close at 95.06 against the dollar as crude oil prices and US yields eased, while forward premiums surged on FERR-related unwinding
SBI Research has called for curbs on non-essential foreign exchange remittances and closer scrutiny of overseas investments to ease rupee pressure amid global uncertainties
