RBI in talks with ESMA, BoE on CCIL de-recognition, says will find resolution
Implementing NPCI volume-cap right now may have caused friction in UPI
"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added
Fall in US dollar index seen providing revaluation boost to RBI reserves
Deposit growth rises 9.6%, analysts cite FPI flows, govt spending
The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said
In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore
So far in 2022, the Fed has hiked rates by a total of 375 bps, leading to a stronger dollar and diminishing the appeal of emerging market assets
Lenders return to debt market as yields soften and credit demand booms
Dialogue on clearing houses come after CCIL derecognition by ESMA, BoE
The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday
RBI says digital rupee for retail segment will be in the form of a digital token that represents legal tender, to be issued in same denominations as paper currency and coins
RBI said to have been actively buying dollars for the past couple of weeks, say currency traders
Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators
The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag
Some expect a slight reduction in GDP growth forecast
The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra