Page 98 - Finance News
RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade
The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K
 "RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade")
Indian Rupee logs longest winning streak in six months amid Dollar weakness
The Rupee extended its gains to 1.08 per cent in March after seeing five consecutive months of decline
 "Indian Rupee logs longest winning streak in six months amid Dollar weakness")
Barclays PLC to invest Rs 2,300 crore in India to support business growth
The capital infusion will enable the bank to expand its reach to a wider client base, including corporate and financial sponsor clients and ultra-high-net-worth individuals in India
 "Barclays PLC to invest Rs 2,300 crore in India to support business growth")
Soon, merchants may lose option to request 'collect' UPI payments
Authorities are now favouring 'push' transactions, where customers initiate payments by scanning QR codes or using other secure methods
 "Soon, merchants may lose option to request 'collect' UPI payments")
Rupee rises 10 paise to 86.71 against US dollar during early trade
Forex traders said the sharp upside for the local unit was restricted as investors grappled with the potential economic impact of growing global trade concerns
 "Rupee rises 10 paise to 86.71 against US dollar during early trade")
Indian Rupee opens strong at 86.76/$ despite persistent FPI selling
The Reserve Bank of India (RBI) was a major dollar buyer yesterday, keeping the currency well within a range, while foreign Banks were major sellers
 "Indian Rupee opens strong at 86.76/$ despite persistent FPI selling")
Rupee strengthens for third consecutive day as dollar continues to weaken
Traders now eye the US Federal Reserve meeting outcome for further cues on dollar movement, said dealers
 "Rupee strengthens for third consecutive day as dollar continues to weaken")
Public sector banks must plan timely capital raise, says M Nagaraju
Each bank has its own unique set of challenges, manpower, systems, capabilities, and infrastructure
 "Public sector banks must plan timely capital raise, says M Nagaraju")
Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service
"In this age of competition, we will not survive long if we do not provide quality service to our consumers," Malhotra said in a speech on Monday at the annual conference of the RBI Ombudsmen
 "Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service")
Dollar dented by worries over Trump's tariffs; euro remains in favour
The euro has strengthened after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy
 "Dollar dented by worries over Trump's tariffs; euro remains in favour")
Indian Rupee strengthens to 3-week high as dollar extends fall
The dollar index was down 0.11 per cent, extending the monthly fall to over 3.6 per cent, the biggest since November 2022
 "Indian Rupee strengthens to 3-week high as dollar extends fall")
Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt
Replying to another question, Sitharaman said it has been decided by the government to constitute the 8th Central Pay Commission (CPC)
 "Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt")
State Bank of India shelves $1.7 billion fund raising as yields elevated
The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year
 "State Bank of India shelves $1.7 billion fund raising as yields elevated")
Rupee rises 25 paise to 86.80 against US dollar during early trade
Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery
Indian Rupee opens stronger, trades below 87 mark as dollar extends fall
The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline
 "Indian Rupee opens stronger, trades below 87 mark as dollar extends fall")
BFSI GCCs reach new heights in India with neo and mid-sized banks
Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC
 "BFSI GCCs reach new heights in India with neo and mid-sized banks")
Credit-deposit growth gap likely to dip sharply in FY26: India Ratings
Rating agency says this would be in wake of sharp moderation in incremental LDR in February
 "Credit-deposit growth gap likely to dip sharply in FY26: India Ratings")
IndusInd Bank case a rare instance when RBI cited its 'LOLR' role
Central bank can rescue a bank that is solvent but has temporary liquidity woes
 "IndusInd Bank case a rare instance when RBI cited its 'LOLR' role")
New India Bank case: Accused surrenders before EOW; six arrested so far
Arunachalam Ullahanathan Maruthuvar (62), who had been absconding for the past month, surrendered at the EOW office in south Mumbai in the morning
 "New India Bank case: Accused surrenders before EOW; six arrested so far")
Financial services adoption increases with more women participation
The survey was conducted across 10,000 agents in the country, recording financial transactions of women consumers
 "Financial services adoption increases with more women participation")