Foreign portfolio investors, pressured by poor earnings, high valuations and prospects of US tariffs, have pulled more than $28 billion out of Indian stocks
The net liquidity in the banking system was in a deficit of Rs 1.57 trillion on Tuesday, Reserve Bank of India (RBI) data showed
The data showed that banks' credit increased by 12 per cent year-on-year last month, slower than the 16.6 per cent rise a year earlier
Important to make financial systems secure, need to be mindful of not stifling investments
Earlier, SPDs were permitted to participate in all overnight liquidity management operations, excluding the Marginal Standing Facility
According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its assessment and risk perception
Private lender Bandhan Bank on Wednesday said it has inked an MoU with the Indian Air Force to provide corporate salary accounts to the defence personnel. The Bandhan Bank Shaurya Salary Account' will have features like zero balance savings account, protection for self and family, and attractive interest rates, the lender said in a statement. "Bandhan Bank, with its pan Indian presence, is deeply committed to support the nation through every initiative. We are excited to strengthen our partnership with the IAF to deliver superior banking experience," Executive Director and Chief Business Officer Rajinder Babbar said. The RBI has appointed Bandhan Bank as an agency bank. The lender has been also authorised by the Central Board of Direct Taxes for collection of taxes, and disbursement of central civil and railway pensions. Bandhan Bank currently has 6,300 banking outlets, with total business touching Rs 2.73 lakh crore, the statement said.
The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee (MPC) meetings for financial year 2025-26. The rate-setting panel will hold its first meeting of the fiscal from April 7-9 and the next will begin on June 4, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The second bi-monthly policy review meeting will end on June 6, the statement said, adding that this will be followed by three-day meetings in August, September, December, and February. The six-member panel headed by the governor has three external members. The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The committee at its last meeting held in February had reduced the key short-term lending rate by 25 basis points after a gap of n
OIS rates, the closest gauge of interest rate expectations, have eased by 10-15 basis points so far in March
Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra
A record ₹29.7 trillion ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and PM Modi's infrastructure-spending binge
The draft circular states that "divergent practices" of lenders concerning foreclosure charges/ prepayment penalties lead to "customer grievances and disputes"
Augurs well for banks with relatively lower organic PSL generation
The revision in fees follows requests from white-label ATM operators, who sought higher withdrawal charges due to increasing operational costs affecting their business
Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction
India's finance ministry and central bank officials will meet on Wednesday to decide the country's market borrowing plan for April and September
Bank stocks today: HDFC Bank, AU SFB, Bajaj Finance, Bajaj Finserv, and Axis Bank shares were ruling higher in trade on Tuesday, March 25
Ups limit for renewable energy to Rs 35 crore
Under the swap, the central bank will inject liquidity amounting to $10.04 billion equivalent of rupees into the banking system on Wednesday. The transaction will be reversed in three years
A clutch of shadow bank entrepreneurs have weathered the storm and are now evangelists for the business