Following the RBI's recent rate cut, SBI has reduced its deposit rates by 10bps, affecting select tenors and potentially lowering borrowing costs. The move aligns with broader mone...
SBI reduces lending rates by 25 bps following RBI's rate cut, aiming to boost economic growth amid US tariff concerns. Revised rates effective from April 15, 2025, with adjustments...
Banks are seeking the authority to freeze accounts involved in cyber fraud without prior authorization to combat the misuse of mule accounts for laundering illegal funds. Proposals...
Forex reserves in India have risen for the fifth consecutive week, reaching $676.3 billion amid a global decline in the dollar value. The increase is attributed to RBI's dollar pur...
Following the RBI's repo rate cut, Indian Bank reduces its Repo Linked Benchmark Lending Rate by 0.35%, effective April 11, 2025, to lower borrowing costs and stimulate loan demand...
The Indian rupee fell sharply by 103 paise in two days, pressured by a weaker yuan and a stronger dollar. Experts discuss the factors behind this decline and its potential impact o...
The benchmark 10-year bond yield in India has fallen below 6.5% for the first time in over three years, driven by easing liquidity, government borrowing strategies, and rupee stabi...
President Droupadi Murmu calls on RBI and banks to enhance measures against increasing e-fraud and cyber threats, emphasizing the importance of trust and security in India's financ...
The Income Tax Department in India will keep its offices open from March 29 to March 31, 2025, to help taxpayers with last-minute filings before the fiscal year ends. Despite holid...
India discontinues medium and long-term gold deposit options under its Gold Monetisation Scheme from March 2025, shifting focus to short-term deposits based on bank discretion.
India's forex reserves have increased by $305 million to $654.3 billion, marking a significant economic milestone. This growth highlights the country's economic resilience and robu...
The RBI has announced a final redemption price of Rs 8,634 per gram for the Sovereign Gold Bond 2016-17 Series IV, offering a 193% return over eight years. SGBs provide a tax-free ...
IndusInd Bank may have overstated its net interest income, leading to a significant profit hit. An internal review revealed discrepancies in its foreign exchange derivative portfol...
India's foreign exchange reserves surged by $15.27 billion, marking the largest weekly gain in over three years, as per the Reserve Bank of India. This significant increase comes a...
The Reserve Bank of India confirms IndusInd Bank's stability and mandates resolution of discrepancies in its derivatives portfolio by March 31, 2025. The bank faces a potential Rs ...
The Reserve Bank of India reassures the public about IndusInd Bank's financial stability, highlighting its strong capital adequacy and liquidity coverage ratios. An external audit ...
India's foreign exchange reserves surged by $15.3 billion in a week, the largest increase in over three years, driven by RBI's currency swap operations. This strategic move aimed t...
Kerala recorded the highest retail inflation rate in February at 7.3%, with Telangana having the lowest at 1.3%. The National Statistical Office data shows a cooling down of retail...
The Indian rupee appreciated by 24 paise against the US dollar, marking its best weekly performance in over two years. This surge is attributed to the dollar's decline against majo...
India's forex reserves decreased by $1.8 billion to $638.7 billion as of February 28, with foreign currency assets and gold reserves seeing significant reductions. The SDRs, howeve...
RBI deputy governor Swaminathan J emphasizes the importance of empathy towards distressed small businesses, highlighting their crucial role in economic development and the need for...
The Enforcement Directorate investigates Paytm for alleged FEMA violations and foreign funding, revealing investments in Singapore and FDI from overseas without RBI reporting. Payt...
India's forex reserves increased by $4.8 billion to $640.5 billion in the week ending February 21, recovering from a previous week's drop. This follows a period of decline due to r...
The Reserve Bank of India reports a 3.1% increase in the All-India House Price Index for Q3 2024-25, with significant regional variations across major cities. Kolkata leads with 8....
The Indian government is likely to reduce interest rates on small savings schemes like PPF in the next fiscal year following RBI's rate cut. Despite the upcoming review, an immedia...
The Indian Rupee hit a record low and the Sensex dropped significantly following US President Donald Trump's tariff announcements, raising fears of a trade war. Experts are closely...
The Reserve Bank of India approves Tata Communications' sale of its ATM business to Australian fintech Findi, marking a significant shift in India's financial services sector. This...
Bank credit growth aligns with deposits, indicating no macro-level stress and potential for expansion. The moderation in credit growth is attributed to higher lending rates and inc...
India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...
India's forex reserves have fallen to a 10-month low of $625.9 billion, with the rupee experiencing its steepest weekly drop in 18 months. The decline is attributed to RBI's dollar...
India's foreign exchange reserves have dropped by $8.714 billion to $625.871 billion, as reported by the RBI. The decline is attributed to revaluation and the RBI's interventions i...
Net household financial savings are expected to significantly rebound in H1 FY25, driven by a decrease in liabilities and an increase in gross financial savings. This positive tren...
