Despite a weaker dollar index and stronger Asian currencies, the rupee depreciated due to stop-loss triggers, said dealers
According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor
The cash injection has also led to a decline in the weighted average call rate, which represents banks' overnight borrowing costs
The gold loan portfolio of banks rose by 71.3 per cent year-on-year (Y-o-Y) till December 2024 to Rs 1.72 trillion
Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank
Bank Holiday: The Delhi Assembly election is scheduled to be held on Feb 5 by the Election Commission of India. Many people are curious about whether there will be a bank holiday in Delhi tomorrow
Over 70 per cent of respondents, 45 of 62, in a Jan. 22-30 Reuters poll forecast the RBI would cut its key repo rate by 25 basis points to 6.25 per cet at the conclusion of its Feb. 5-7 meeting
The report predicts that the RBI could cut the repo rate by 25 basis points in its February 2025 policy meeting, with a total reduction of at least 75 basis points over the entire easing cycle
RBI Monetary Policy: With the Union Budget for FY-2026 behind us, the focus now shifts to the next big event on the horizon - the Monetary Policy Committee's (MPC) final meeting for FY-2025 on Feb 7
But monetary policy decisions are complex and there is merit in assessing the "right time" while weighing the cost and benefits of such moves
The benchmark Sensex and Nifty ended with a decline of around half a per cent
RBI buys or sells dollars in the FX forward market when it does not want its spot intervention to affect domestic liquidity and/or to maintain headline forex reserves
As the RBI takes steps to address both short-term and durable liquidity concerns, the focus now shifts to whether these measures can create the right conditions for rate cut transmission
Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply
From nuclear power generation to agri reforms, from a noisy middle class to central bank's moves on interest rates, the government must jump over many obstacles to achieve its objectives
The RBI's report on private investments highlighted that investment intentions increased to Rs 2.45 lakh crore for FY25, compared to Rs 1.6 lakh crore for FY24
Among the most-watched moves pertaining to the banking sector will be possible changes to the RBI Act, the Banking Regulation Act and the Banking Companies Act
Complaints about mobile or e-banking form majority of those received by the RBI ombudsman against banks
In its Feb 1 budget, the government is not expected to increase infrastructure spending, a main driver of growth in past years, leaving the onus on the RBI to revive the $4 trillion economy
Mint Road positions these entities as the cornerstone of compliance, but will the numerous voices unite the sector or create conflict?