Page 248 - Finance News

Forex reserves further drop by $2.17 billion to $584.74 billion: RBI

India's forex kitty had gone down by USD 3.794 billion to USD 586.908 billion in the previous week

State-run banks to lower bond purchases as liquidity tightens: Officials

Bond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. Bond prices move inversely to yields

Traders puzzled why the RBI spends billions fighting stronger dollar

Volatility in the rupee is hovering near the lowest in almost two decades and the currency has avoided breaching a record low even as rising US rates wreaked havoc in emerging markets

RBI likely selling US dollars to keep rupee off record low: Traders

"It's the same story. The RBI is there, like it is there on most days," a spot trader at a private sector bank said

Higher interest rate puts pressure on CASA deposits, shows survey

Food processing and metals iron & steel have also witnessed accelerated long-term loan disbursements in the past six months

Banks assess carbon risk of loan book amid investor, RBI push: Reports

The South Asian nation is the world's third-highest greenhouse gas polluter and has set a goal of reaching net zero emissions by 2070

Indian rupee to receive help from pullback in oil, traders eye US inflation

Non-deliverable forwards indicate rupee will open marginally higher than 83.1875 in the previous session

Technologies like AI, quantum computing may alter global order: RBI Dy Guv

Deputy Governor T Rabi Sankar said that the objective of RBI is to guide innovation to maximise the financial well-being of people and the efficiency of financial systems

RBI showing interest in technology as it impacts world order: T Rabi Sankar

He said the central bank basically works on monetary policies, currency issues, banking regulation and supervision

Non-residents, foreign cos without PAN can open bank a/cs in IFSC-Gift City

Non-resident or foreign company opening a bank account at the International Financial Services Centres will have to file a declaration in Form 60 and should not have any tax liabilities in India

Bank of Baroda to raise Rs 10,000 cr to fund infra, housing projects

The Reserve Bank of India on Tuesday barred state-owned BoB from onboarding new customers on its mobile app 'bob World' following material supervisory concerns

Calcutta HC quashes penalty order on e-way bill that expired in 9 hours

Authorities could not prove that petitioner intended to evade tax, says court

RBI orders Bank of Baroda to suspend onboarding customers to its mobile app

RBI asked the bank to ensure that no existing customer of the app faces any disruption due to this suspension

Rs 2,000 notes: List of 19 RBI regional banks to exchange currency

The RBI, which had initially given time till September 30, for getting the Rs 2,000 notes deposited or exchanged, extended the same by a week till October 7

Axis Bank, Fibe partner to launch India's first numberless credit card

The card offers cashback of a flat 3 per cent on online food delivery across all restaurant aggregators and local commutes on leading ride-hailing apps

Liquor industry welcomes decision to keep key alcohol ingredient out of GST

The ingredient, extra-neutral alcohol, accounts for 30-35% of the production cost for Indian-made foreign liquor

Banking system liquidity bounces back to surplus after three weeks

The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity

Dollar gains against euro in flight to safety on Israel-Palestinian clashes

The Japanese yen - another traditional safe-haven currency - edged 0.28% higher to 148.89 per dollar

Microfinance sector's disbursements up 30% in Q1FY24, shows data

Lenders raise concern over attempts to harm credit culture

Banking liquidity returns to surplus mode after three weeks: RBI data

Banks park Rs 2,760 cr with central bank as RBI hints at open market operations