Page 12 - Anjali Kumari

Rupee weakens to record closing low, approaches 96 against the dollar

Persistent importer demand, elevated crude oil prices and West Asia tensions pushed the rupee to a record closing low despite RBI intervention

PFC Q4 results: Profit rises 24% to ₹6,315 crore aided by lower expenses

CEO concerned over lower group exposure norms post elevation to upper layer

'Total ECL-related provisioning requirement around ₹10,000 crore'

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

RBI's 3-day VRR auction receives muted demand amid surplus liquidity

Banks bid far below the notified amount at the RBI's short-term repo auction as surplus liquidity reduced the need for additional funds

Rupee hits fresh low of 95.75 per dollar amid crude oil, FPI pressure

Worst-performing Asian currency in 2026, second-worst since Iran war

Rupee weakens to fresh low of 95.31 per dollar amid West Asia conflict

The rupee weakened sharply as rising Middle East tensions lifted crude oil prices, strengthened the dollar and intensified pressure on India's external balances

FY27 CAD likely to widen amid West Asia headwinds, say economists

Economists broadly agree that this financial year is shaping up to be tougher than the last for the external account

RBI to conduct three-day VRR auction on Tuesday, aims to infuse ₹50K crore

The Reserve Bank of India will conduct a Rs 50,000 crore VRR auction after overnight call rates moved above the policy repo rate amid evolving liquidity conditions

Canara Bank's Q4FY26 results: PAT declines 9.9% due to bond losses

State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong

Rupee settles lower at 94.48 against US dollar in choppy trade

The rupee settled weaker against the US dollar amid renewed tensions in West Asia, while RBI intervention helped curb further losses in the domestic currency

India's forex reserves fall $7.79 billion amid decline in gold reserves

India's foreign exchange reserves declined to $690 billion in the week ended May 1, led by a fall in gold reserves and foreign currency assets, RBI data showed

Bank of India Q4 net profit rises 15% on higher interest income growth

State-owned Bank of India posted a 15 per cent rise in fourth-quarter net profit, aided by higher interest income and improved asset quality

Rupee gains for second day as crude prices fall below $100 per barrel

The rupee strengthened against the dollar for a second straight session as easing crude oil prices and optimism over US-Iran talks supported sentiment

Proposal to raise Jan Suraksha cover under review: DFS secy M Nagaraju

The Finance Ministry is evaluating a proposal to raise insurance cover under PMJJBY and PMSBY to Rs 5 lakh from Rs 2 lakh

EAC-PM proposes social equity-led approach for priority sector lending

The EAC-PM has urged a review of India's priority sector lending norms, recommending a sharper focus on social equity and credit access for vulnerable groups

RBI not to consider fresh applications for full-fledged money changers

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

Indian Bank sees ₹4,000-6,000 crore ECL impact, plans QIP in Q3 FY27

Indian Bank plans a qualified institutional placement in Q3 FY27 to absorb the impact of RBI's expected credit loss framework coming into effect from April 2027

Banks expect MSME credit spurt from ECLGS 5.0 amid war shadow on growth

Indian banks relied heavily on MSMEs to drive credit growth in FY26, and were bracing for stress in the segment in FY27 due to the West Asia situation

Rupee snaps five-day losing streak as bond yields soften 10 bps

The rupee strengthened sharply and government bond yields eased after crude oil prices fell on hopes of a possible easing in US-Iran tensions

RBI announces Rs 75,000 crore four-day VRR auction amid surplus liquidity

The Reserve Bank of India will conduct a four-day variable rate repo auction worth Rs 75,000 crore to manage evolving liquidity conditions in the banking system