Additionally, the central bank also purchased ₹40,000 crore worth of government securities via the Open Market Operations (OMO) auction
MSME lending target for PSBs raised 19.5%
RBI has proposed that the blended rate of interest is to be calculated as an average rate of interest derived from the interest rates charged by respective funding regulated entities
The domestic currency ended 30 paise stronger at 85.38 against the greenback, after closing at 85.68 on Wednesday
The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday
The current challenge stems from the extremely high frequency of transaction status API calls
The Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar buys, which capped the rupee's gain against the greenback, said dealers
The body represents 120 members in regulated and unregulated firms engaged in digital financial services
The domestic currency strengthened 9 paise to end at 85.68 against the greenback after closing at 85.77 on Tuesday
The domestic currency strengthened 16 paise to end at 85.61 against the greenback after closing at 85.77 on Tuesday
The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings
The former finance secretary was appointed secretary, expenditure, in the Ministry of Finance in October 2017 and remained in office until February 2019
The dollar index was trading a tad lower at 99.70, against the previous close of 99.75
Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24
The finance ministry houses a dozen or so investigative agencies but the large pendency of cases in various courts and tribunals raises questions about where their efforts are headed
The domestic currency strengthened 28 paise to end at 85.77 against the greenback after closing at 86.05 on Tuesday
Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday
Reserve Bank of India (RBI) said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track
The domestic currency strengthened 17 paise to open at 85.87 against the greenback after closing at 86.05 on Friday
The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones