Search result for 'rbi'

Indian Stock Market Gains 5% in FY25, Investors Wealth Up Rs 25.90 Lakh Cr

March 28, 2025 18:13

Indian stock markets surged over 5% in FY25, boosting investor wealth by Rs 25.90 lakh crore. Sensex and Nifty hit record highs, driven by robust retail participation and IPOs, but faced volatility...

India's CAD Widens to USD 11.5 Billion in Q3

March 28, 2025 18:00

India's current account deficit (CAD) widened to USD 11.5 billion in Q3 of 2024-25, driven by a higher trade deficit, according to RBI data. The CAD moderated from the previous quarter but rose...

Forex Reserves Surge to USD 658.8 Billion - RBI

March 28, 2025 17:19

India's foreign exchange reserves rose by USD 4.529 billion to USD 658.8 billion in the week ended March 21, driven by an increase in foreign currency assets and gold reserves. This marks the third...

ATM Charges Hike: Banks Can Charge Rs 23/Withdrawal From May 1

March 28, 2025 17:18

Reserve Bank of India allows banks to increase ATM withdrawal charges to Rs 23 per transaction beyond free monthly usage starting May 1, 2025. Learn more about the new charges and free transaction...

RBI Mandates Bank Clearing Operations on March 31

March 28, 2025 14:22

The Reserve Bank of India (RBI) has mandated all banks to participate in special clearing operations on March 31, 2025, to facilitate accounting of all government transactions for the 2024-25...

Stock Markets Decline Amid US Tariff Jitters

March 28, 2025 10:11

Indian stock markets opened lower on Friday, mirroring global trends, with concerns over US tariffs weighing on sentiment. Key indices like Sensex and Nifty declined, with FIIs' recent buying...

Industry Credit Growth Slows to 7.3% in Feb 2025: RBI

March 27, 2025 22:09

Credit to industry expanded by 7.3% in the fortnight ended February 21, 2025, compared to 8.4% a year ago, according to RBI data. Credit to agriculture grew by 11.4% while non-food bank credit grew...

RBI Repo Rate Cut: 25 bps in April, 75 bps in FY26 - Ind-Ra

March 27, 2025 15:55

India Ratings and Research (Ind-Ra) predicts a 25 basis points repo rate cut by RBI in April 2025, with a total reduction of 75 bps expected in FY26. Learn more about the expected monetary policy...

Income Tax Offices Open on March 29-31: CBDT

March 27, 2025 13:50

Income tax department offices across India will remain open on March 29-31 to facilitate taxpayers in completing pending tax-related business for the fiscal year. The ongoing financial year 2024-25...

RBI Fines HDFC Bank, Punjab & Sind Bank for Compliance Issues

March 26, 2025 19:38

The Reserve Bank of India (RBI) has penalized HDFC Bank and Punjab & Sind Bank for non-compliance with regulations, including KYC norms and large exposures reporting. The penalties were imposed...

RBI Announces MPC Schedule for FY26: First Rate Decision on April 9

March 26, 2025 17:50

The Reserve Bank of India (RBI) has announced the schedule for its monetary policy committee (MPC) meetings in FY26, with the first rate decision set for April 9. Learn more about the MPC's role...

Home Loan Volume Declines 9% in Q4: Report

March 26, 2025 17:49

Home loans saw a 9% decline in volume and 3% in value during the December quarter, according to a report by Transunion Cibil. The slowdown is attributed to factors including slower demand from new...

Private Investment Key to India's Growth Amid Global Risks: Finmin

March 26, 2025 16:53

India's finance ministry emphasizes the role of private investment in overcoming global risks and boosting economic growth. The report highlights the resilience of the Indian economy and the...

Bandhan Bank Partners with Indian Air Force for Salary Accounts

March 26, 2025 13:25

Bandhan Bank has signed an MoU with the Indian Air Force to provide corporate salary accounts with zero balance savings, insurance, and attractive interest rates.

RBI Guv: Regulations Shouldn't Hinder Financial Inclusion

March 26, 2025 12:29

RBI Governor Sanjay Malhotra stresses that regulations should not create unintended barriers to financial inclusion. He emphasizes the need for a balanced approach and cautions against overzealous...

Rupee Falls 6 Paise to 85.78 vs US Dollar

March 26, 2025 10:10

The Indian rupee weakened by 6 paise to 85.78 against the US dollar in early trade on Wednesday, weighed down by a negative trend in domestic equities and the recovery of the American currency in...

Fintech Firm Findi Raises Rs 243 Crore

March 25, 2025 20:19

Fintech company Findi Ltd has raised Rs 243 crore in funding through an institutional placement and share purchase plan. The proceeds will be used to enhance technological capabilities, scale...

S&P Cuts India's FY26 GDP Growth to 6.5% | Latest News

March 25, 2025 13:48

S&P Global Ratings has cut India's GDP growth forecast to 6.5% for FY26, citing rising US tariffs and a pushback on globalization. However, domestic demand is expected to remain strong in most...

PwC to Submit IndusInd Bank Accounting Discrepancies Report

March 25, 2025 12:23

External auditor PwC is set to submit a report on accounting discrepancies in IndusInd Bank's derivatives portfolio, potentially impacting the bank's net worth. The report is expected to highlight...

RBI Revises Priority Sector Lending Norms: Effective April 1

March 24, 2025 21:20

The Reserve Bank of India (RBI) has issued revised Priority Sector Lending (PSL) guidelines effective April 1, 2025, aiming to better target bank credit to key sectors. The changes include enhanced...

RBI Injects Liquidity with USD 10 Billion Forex Swap

March 24, 2025 20:52

The Reserve Bank of India conducted a US dollar-rupee swap worth USD 10 billion to inject long-term liquidity into the system, with the auction receiving strong demand.

India to Host FATF Private Sector Forum in Mumbai

March 24, 2025 18:28

India will host the FATF Private Sector Collaborative Forum (PSCF) 2025 from March 25-27 in Mumbai, focusing on global priorities like payment transparency, financial inclusion, and digital...

Rupee Recovers 2025 Losses, Jumps 31 Paise

March 24, 2025 16:16

The Indian Rupee appreciated 31 paise to close at 85.67 against the US Dollar, recovering all its 2025 losses, driven by positive domestic equity markets, foreign capital inflows, and lower global...

Private Capex Dips to Decadal Low in FY24: ICRA

March 24, 2025 15:53

ICRA reports private capital expenditure share in India's economy fell to a decadal low of 33% in FY24, driven by weak consumption and muted export demand. Unlisted companies saw a contraction in...

Rupee Rises 12 Paise to 85.86 Against US Dollar - Business News

March 24, 2025 09:58

The Indian rupee appreciated 12 paise to 85.86 against the US dollar in early trade on Monday, boosted by strong domestic inflows. However, crude oil prices and liquidity constraints remain concerns.

RBI Fines Citibank, IDBI Bank for Violations

March 21, 2025 20:09

The Reserve Bank of India (RBI) has penalized Citibank and IDBI Bank for violating regulations related to remittance schemes and due diligence. The penalties were imposed due to deficiencies in...

RBI Approves Budget, Assesses Economic Landscape

March 21, 2025 18:12

The RBI central board reviewed the global and domestic economic landscape, approved the bank's budget for 2025-26, and discussed activities during the current year. The board meeting also saw a...

India's Forex Reserves Rise to USD 654.271 Billion

March 21, 2025 17:25

India's foreign exchange reserves increased by USD 305 million to USD 654.271 billion during the week ended March 14, according to the Reserve Bank of India. The rise was attributed to a forex swap...

IndusInd Bank Investigates Accounting Discrepancies

March 21, 2025 10:40

IndusInd Bank appoints a firm to investigate accounting discrepancies in its derivatives portfolio, impacting 2.35% of net worth. The bank is assessing the impact and identifying the root cause.

Indian Bank to Raise Rs 5,000 Cr via Infra Bonds

March 20, 2025 22:03

Indian Bank plans to raise Rs 5,000 crore through long-term infrastructure bonds to fund infrastructure projects. The move follows a strong demand for such bonds from domestic investors.

Rupee Rises 1 Paisa to Close at 86.36 vs US Dollar

March 20, 2025 16:04

The Indian rupee appreciated 1 paisa to close at 86.36 against the US dollar on Thursday, supported by positive domestic equities. Forex traders attributed the gain to strong foreign inflows into...

Govt Divestment to Boost FY26 Fundraising: Emkay

March 20, 2025 14:46

Emkay Global says government's divestment plan will drive fundraising in FY26, citing a target of Rs 47,000 crore. This follows a slowdown in deal-making activity due to market correction.

RBI Appoints Indranil Bhattacharyya as New Executive Director

March 20, 2025 12:53

The Reserve Bank of India (RBI) has appointed Indranil Bhattacharyya as executive director, overseeing the Department of Economic and Policy Research. Bhattacharyya, formerly an adviser in the...

Rupee Rises 12 Paise to 86.25 vs US Dollar

March 20, 2025 10:04

The Indian rupee appreciated 12 paise to 86.25 against the US dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market.

India Remittances Shift: Advanced Economies Surpass Gulf

March 19, 2025 19:29

Remittances to India from advanced economies like the US and UK have surpassed those from Gulf countries, reflecting a shift in migration patterns towards skilled Indian diaspora, according to RBI...

India's Economic Strength: RBI Bulletin Highlights Growth Drivers

March 19, 2025 18:50

RBI's March Bulletin highlights India's strong economic foundation, driven by fiscal policies, monetary framework, digital transformation, and robust domestic demand. Learn about the latest...

IIHL Takes Control of Reliance Capital, New Board Appointed

March 19, 2025 18:44

IndusInd International Holdings Ltd (IIHL) has taken control of Reliance Capital, completing a three-year resolution process. The company plans to establish bancassurance ties and implement...

Indian Economy Resilient Amidst Global Trade Tensions - RBI Bulletin

March 19, 2025 18:11

The RBI March Bulletin highlights India's economic resilience, citing robust agriculture and improving consumption despite global trade tensions and volatility. Learn more about India's...

RBI Urges UCBs to Strengthen Operational Resilience

March 19, 2025 16:27

RBI Governor Sanjay Malhotra emphasizes the need for Urban Cooperative Banks (UCBs) to bolster their operational resilience against IT and cyber risks, ensuring customer trust and financial inclusion.

IndusInd Bank Promoters To Up Stake Amidst Loss: Hinduja

March 18, 2025 21:55

IndusInd Bank's promoters, Hinduja Group, are looking to increase their stake despite a recent accounting discrepancy that led to a loss in net worth. The bank's CEO received a one-year extension,...

IIHL Completes Reliance Capital Acquisition: Management Transfer on Wed

March 18, 2025 19:40

IndusInd International Holdings Ltd (IIHL) has completed the acquisition of Reliance Capital (RCAP), with management transfer scheduled for Wednesday. The transaction involved transferring the...

New India Bank Depositors Seek RBI Help Amidst Financial Crisis

March 18, 2025 19:22

Depositors of New India Co-operative Bank, hit by alleged embezzlement, appeal to RBI for immediate measures to revive the bank and alleviate their financial hardship.

IndusInd Bank Credit Rating Under Review: Moody's Downgrade

March 18, 2025 18:47

Moody's has placed IndusInd Bank's baseline credit assessment under review for a possible downgrade following a Rs 2,100 crore accounting discrepancy. The RBI has assured customers that the bank...

Sensex Surges 1,472 Points, Investors Wealth Up Rs 8.67 Lakh Cr

March 18, 2025 18:11

Indian stock markets witnessed a two-day rally, with the Sensex gaining 1,472 points, boosting investor wealth by Rs 8.67 lakh crore. The rally was driven by positive global cues and hopes for a...

RBI, Bank of Mauritius Sign Pact for Local Currency Transactions

March 18, 2025 16:21

Reserve Bank of India and Bank of Mauritius sign MoU to promote the use of Indian Rupee and Mauritian Rupee for cross-border transactions, aiming to optimize costs and settlement time.

Mercedes May Hike Car Prices in April: Rupee Fall Hits Euro

March 18, 2025 15:44

Mercedes-Benz India could raise car prices in April due to the rupee's decline against the euro. The company expects luxury car sales to remain under pressure for at least two quarters.

LIC Requests RBI to Introduce 100-Year Govt Bonds

March 18, 2025 15:21

LIC seeks RBI approval for long-term government bonds, including 100-year paper, to match its long-term life insurance policies. The move aims to support LIC's investments and potentially boost the...

RBI Governor Urges Banks to End KYC Document Re-Submission

March 17, 2025 22:13

RBI Governor Sanjay Malhotra calls for an end to repeated KYC document requests by banks, citing inconvenience to customers. He also stresses the importance of complaint redressal and using AI for...

India-Maldives Trade Now in Local Currencies: RBI

March 17, 2025 19:45

Reserve Bank of India (RBI) allows trade transactions between India and Maldives to be settled in Indian Rupee (INR) and Maldivian Rufiyaa (MVR).

Debt MF Outflow: Rs 6,525 Cr in Feb, Short-Duration Funds Hit Hardest

March 17, 2025 17:23

Debt mutual funds saw a sharp Rs 6,525 crore outflow in February, driven by redemptions in short-duration funds. Read more about the market trends and investor sentiment.

Rupee Rises 24 Paise to Close at 86.81 vs Dollar

March 17, 2025 15:53

The Indian rupee strengthened against the US dollar on Monday, driven by positive domestic equities and a weaker dollar. However, rising crude oil prices limited gains.

Banks Write Off Rs 16.35 Lakh Cr Bad Loans in 10 Years

March 17, 2025 14:19

Indian banks wrote off Rs 16.35 lakh crore in bad loans over the past 10 years, with the highest amount written off in FY19. Learn more about the write-off process and the implications for borrowers.

IndusInd Bank Stock Surges After RBI Assures Stability

March 17, 2025 11:02

IndusInd Bank shares jumped nearly 6% after the Reserve Bank of India reassured customers of the bank's financial stability, despite an accounting discrepancy. The RBI has directed the bank's board...

Rupee Rises 25 Paise to 86.80 vs US Dollar - Indian Rupee News

March 17, 2025 09:58

The Indian rupee appreciated 25 paise to 86.80 against the US dollar in early trade on Monday, driven by domestic equities and a stronger Asian currency market.

RBI Shortlists 6 for Currency Management Project

March 16, 2025 13:28

RBI has shortlisted six entities, including Engineers India and MECON, for a project to revamp currency management infrastructure to cater to the growing economy.

RBI Directs IndusInd Bank to Complete Remedial Action

March 15, 2025 13:43

The Reserve Bank of India has directed IndusInd Bank to complete remedial action this quarter after a discrepancy of Rs 2,100 crore was found in its accounting. RBI assures that the bank's...

India's Forex Reserves Surge by USD 15.26 Billion

March 15, 2025 12:16

India's foreign exchange reserves rose sharply by USD 15.26 billion in the week ended March 7, reaching USD 653.96 billion, attributed to a USD 10 billion forex swap by the RBI.

ICAI to Review IndusInd Bank Financials Amid Accounting Discrepancies

March 13, 2025 22:18

The ICAI may review IndusInd Bank's financial statements after discrepancies in accounting to the tune of Rs 2,100 crore were found. The bank's derivatives portfolio is under scrutiny for a...

HDFC Mutual Fund Increases IndusInd Bank Stake to 5%

March 13, 2025 20:26

HDFC Mutual Fund has increased its stake in IndusInd Bank to over 5%, buying 15.92 lakh shares despite recent accounting discrepancies. This comes after IndusInd Bank disclosed a Rs 2,100 crore...

RBI to Set Up 'On Tap' Cohort on Climate Change Risks

March 13, 2025 18:57

The Reserve Bank of India (RBI) plans to establish a 'on Tap' cohort under its regulatory sandbox initiative to address climate change risks and sustainable finance. Governor Sanjay Malhotra...

RBI Fines JM Financial, Experian for Regulatory Violations

March 13, 2025 18:45

Reserve Bank of India (RBI) has imposed penalties on JM Financial Products and Experian Credit Information Company for non-compliance with regulatory provisions.

India to be 3rd Largest Economy by 2028: Morgan Stanley

March 13, 2025 18:23

Morgan Stanley predicts India will become the world's third-largest economy by 2028, driven by robust growth and consumer demand. Learn more about India's economic outlook.

Rupee Surges 22 Paise to 87 Against US Dollar

March 13, 2025 15:56

The Indian rupee strengthened against the US dollar on Thursday, driven by positive economic data and easing crude oil prices. However, domestic equities and foreign capital outflows limited gains.

Sensex, Nifty Rise on Strong Macro Data, Global Cues

March 13, 2025 10:20

Indian stock markets, Sensex and Nifty, gained in early trade driven by positive domestic macroeconomic data and firm global trends, despite global trade tensions.

Rupee Strengthens to 87.03 Against US Dollar

March 13, 2025 09:46

The Indian rupee appreciated by 19 paise to 87.03 against the US dollar in early trade on Thursday, supported by positive macroeconomic data and a weaker American currency index. However,...

NCLT Extends Deadline for Reliance Capital Transfer to IIHL

March 12, 2025 19:32

The National Company Law Tribunal (NCLT) has given an additional eight days to complete the ownership transfer of Reliance Capital (RCAP) to IndusInd International Holdings Ltd (IIHL). The...

RBI Invites Applications for SROs in Account Aggregator Ecosystem

March 12, 2025 19:24

The Reserve Bank of India (RBI) invites applications for recognition of Self-Regulatory Organisations (SROs) for the account aggregator ecosystem, outlining eligibility criteria and governance...

BRISKPE Gets RBI Approval for Cross-Border Payments

March 12, 2025 19:03

BRISKPE, backed by Prosus, receives in-principle authorisation from RBI to operate as a payment aggregator for cross-border transactions, both exports and imports. The platform aims to simplify...

India's Retail Inflation Drops to 3.61% in February

March 12, 2025 16:18

India's retail inflation eased to 3.61% in February, driven by lower vegetable and protein prices, paving the way for a possible interest rate cut by the Reserve Bank of India.

PFC Board Approves Rs 1.4 Lakh Cr Borrowing, Rs 3.5/Share Dividend

March 12, 2025 14:03

Power Finance Corporation's board approves Rs 1.4 lakh crore borrowing for FY26 and declares a Rs 3.5 per share interim dividend for FY25. The company also plans to change its name.

India's GDP to Exceed 6.5% in FY26: Moody's

March 12, 2025 13:20

Moody's projects India's GDP growth to exceed 6.5% in FY26, driven by government spending, tax cuts, and interest rate reductions. The agency expects moderate asset quality deterioration in Indian...

SBI UPI, Mobile Banking Outage Resolved: Bank Apologizes

March 11, 2025 20:33

SBI customers experienced a major outage affecting UPI and mobile banking services for over four hours. The bank has confirmed the issue is resolved.

FDI Company Sales Growth Moderates to 9.3% in FY24: RBI

March 11, 2025 20:00

RBI reports FDI companies in India saw a moderated sales growth of 9.3% in FY24, down from 20.3% in FY23. Manufacturing and services sectors also saw a slowdown in growth.

IndusInd Bank Hit by Rs 2,100 Cr Accounting Lapse: Shares Tank 27%

March 11, 2025 17:42

IndusInd Bank reports a Rs 2,100 crore accounting discrepancy in its derivatives portfolio, impacting its net worth. The bank assures adequate reserves but shares plummet 27%.

RBI Issues Rs 100 & Rs 200 Notes with Malhotra Signature

March 11, 2025 16:39

Reserve Bank of India to issue new Rs 100 & Rs 200 banknotes bearing the signature of Governor Sanjay Malhotra. Learn about the new notes & their design.

IndusInd Bank Stock Plunges 23%, Hits 52-Week Low

March 11, 2025 11:04

IndusInd Bank shares tanked 23% on Tuesday after the lender reported discrepancies in its derivatives portfolio, impacting its net worth. The stock hit a 52-week low.

RBI to Push Payment Innovations with Soft Touch Regulations - Governor

March 10, 2025 22:09

RBI Governor Sanjay Malhotra highlights plans for promoting payment system innovation with soft-touch regulations and expanding UPI for efficient cross-border payments during Digital Payments...

Irdai Allows Insurers Bond Forward Transactions for Hedging

March 10, 2025 21:10

The Insurance Regulatory and Development Authority of India (Irdai) has permitted insurance companies to undertake transactions in bond forwards as users for hedging interest rate risks. The move...

RBI Forex Swap: USD 10 Billion Injection on March 24

March 10, 2025 20:18

Reserve Bank of India (RBI) to conduct a USD 10 billion forex swap on March 24 to inject liquidity into the banking system. The swap is a 36-month buy/sell transaction.

IndusInd Bank Stock Drops 4% After CEO Extension

March 10, 2025 18:05

IndusInd Bank shares fell sharply after the RBI granted a one-year extension to CEO Sumant Kathpalia, raising concerns about leadership continuity. Read more.

Digital Payment Frauds Cost Indians Rs 107 Cr in 2024

March 10, 2025 16:07

India saw a significant rise in digital payment frauds, with individuals losing Rs 107 crore between April and December 2024. Learn more about the increasing trend and government initiatives.

Rupee Falls 38 Paise to 87.33 vs Dollar: Worst Day in a Month

March 10, 2025 15:53

The Indian rupee depreciated by 38 paise to 87.33 against the US dollar on Monday, its steepest fall in over a month, driven by volatile crude oil prices, tariff uncertainties and foreign fund...

Rupee Plunges 30 Paise to 87.25 vs US Dollar: Trade Uncertainty, FII Outflow Weigh

March 10, 2025 09:35

The Indian rupee weakened by 30 paise to 87.25 against the US dollar in early trade on Monday, driven by a strengthening dollar, trade uncertainties, and FII outflows. The local unit found some...

Stock Market Outlook: Global Trends, Macro Data & Tariff Worries

March 9, 2025 15:27

Analysts predict global trends, macro data and US tariff developments will drive stock markets this week. Investors will monitor foreign investor activity, geopolitical tensions and their impact on...

Tata Capital IPO: USD 2 Billion Listing After Merger Approval

March 9, 2025 10:19

Tata Capital plans to file IPO papers for a USD 2 billion listing, contingent on NCLT approval for its merger with Tata Motors Finance. The IPO is expected to be one of the largest in India's...

India's Forex Reserves Drop to USD 638.698 Billion - RBI

March 7, 2025 17:20

India's forex reserves declined by USD 1.781 billion to USD 638.698 billion in the week ended February 28, according to the Reserve Bank of India (RBI). Foreign currency assets and gold reserves...

India Inc Profitability High, But Capex Unlikely To Rise: Crisil

March 6, 2025 17:29

Crisil says private sector capex unlikely to pick up despite near decadal-high profitability for India Inc, citing global uncertainties and uneven domestic demand.

Rupee Falls 6 Paise to 87.12 vs US Dollar

March 6, 2025 16:09

Indian rupee weakens against US dollar on Thursday, influenced by trade tariff uncertainties, FII outflows, and global market volatility.

Rupee Falls 5 Paise to 87.11 vs US Dollar: Early Trade

March 6, 2025 09:55

The Indian rupee weakened against the US dollar in early trade on Thursday, despite a lower greenback and crude oil prices. Volatile equity markets and foreign fund outflows weighed on sentiment.

RBI Governor Urges Responsible Fintech Innovation & Compliance

March 5, 2025 22:30

RBI governor emphasizes responsible innovation and compliance for fintechs and non-bank payment operators, highlighting their crucial role in India's financial system.

RBI Injects Rs 1.9 Lakh Crore Liquidity: OMO & USD/INR Swaps

March 5, 2025 20:22

Reserve Bank of India announces Rs 1.9 lakh crore liquidity infusion through open market operations (OMO) and USD/INR swaps to ease financial conditions.

RBI Injects Rs 1.9 Lakh Crore Liquidity: OMO, USD/INR Swaps

March 5, 2025 19:48

Reserve Bank of India announces Rs 1.9 lakh crore liquidity injection through open market operations (OMO) and USD/INR swaps to boost banking system liquidity.

UP Economy Outpaces National Average: CM Yogi

March 5, 2025 18:06

Uttar Pradesh's economic growth surpasses national average, CM Yogi Adityanath highlights state budget's focus on development.

Deposit Insurance Hike: Impact on Banks' Profits

March 5, 2025 17:46

Icra predicts potential impact on banks' profits due to a proposed increase in deposit insurance limits beyond Rs 5 lakh, citing the recent New India Cooperative Bank failure.

Ajit Ratnakar Joshi Appointed RBI Executive Director

March 5, 2025 17:44

Reserve Bank of India (RBI) appoints Ajit Ratnakar Joshi as Executive Director, responsible for Statistics, Information Management, and Financial Stability.

UP Leads India in Digital Transactions: CM Adityanath

March 4, 2025 20:15

Uttar Pradesh leads India in digital transactions, with over Rs 1,024 crore worth transactions in 2024-25, as per CM Yogi Adityanath. The state also boasts significant growth in FDI, bank deposits,...

New India Bank Ex-Directors Claim Unaware of Rs 122 Crore Embezzlement

March 3, 2025 21:40

Former directors of New India Cooperative Bank claim ignorance about the Rs 122 crore embezzlement, while the EOW investigates the fraud and arrests key suspects.

Empathy Key for Distressed MSMEs: RBI to Lenders

March 3, 2025 21:27

RBI Deputy Governor stresses empathy for distressed MSMEs, urging lenders to adopt fair practices and digital solutions to address credit gaps.

RBI Fines Magadh Bank Rs 1 Lakh for KYC Violation

March 3, 2025 21:20

The Reserve Bank of India has imposed a Rs 1 lakh penalty on Magadh Central Co-operative Bank for failing to comply with KYC guidelines. The bank did not conduct periodic reviews of customer risk...

Sebi Allows NBFCs to Invest in Security Receipts - Boosting Distressed Asset Market

March 3, 2025 18:39

Sebi has permitted all NBFCs and HFCs to invest in security receipts issued by ARCs, widening the scope of participants and boosting liquidity in the distressed asset market.

ED Issues Rs 611 Cr Notice to Paytm's Parent for FEMA Violations

March 3, 2025 16:35

The Enforcement Directorate has issued a show cause notice to Paytm's parent company One 97 Communications and its subsidiaries for alleged violations of FEMA rules, including improper FDI reporting.

US Tariffs, Global Trends Drive Market Volatility - Analysts

March 2, 2025 10:28

Indian markets face volatility this week due to US tariff concerns, global trends, and FII selling. Experts predict a weak market with potential for a relief rally.

RBI: 98.18% of Rs 2000 Notes Returned - Latest Update

March 1, 2025 14:00

Reserve Bank of India reports 98.18% of Rs 2000 banknotes have been returned, leaving only Rs 6,471 crore in circulation. Learn more about the withdrawal process and the remaining deposit options.

Tata Communications Divests Payment Solutions to TSI

February 28, 2025 18:57

Tata Communications has completed the divestment of its subsidiary Tata Communications Payment Solutions Limited (TCPSL) to Transaction Solutions International India (TSI), a majority-owned...

RBI Fines Hongkong & Shanghai Banking for KYC Violations

February 28, 2025 18:50

The Reserve Bank of India (RBI) has imposed a penalty of Rs 66.6 lakh on The Hongkong and Shanghai Banking Corporation for non-compliance with KYC and interest rate regulations.

Personal Loan Growth Slows to 14.2% in Jan 2025: RBI

February 28, 2025 18:10

Personal loan growth slowed down to 14.2% in January 2025, driven by subdued credit offtake in vehicle loans and credit card outstanding, according to RBI data. Read more.

India's Forex Reserve Jumps to $640.479 Billion

February 28, 2025 17:52

India's foreign exchange reserves rose by USD 4.758 billion to USD 640.479 billion in the week ended February 21, driven by an increase in foreign currency assets and gold reserves.

HC Slams Banks for Copy-Paste Fraud Orders, Asks Ambani to Approach RBI

February 28, 2025 16:31

Bombay High Court criticizes banks for issuing 'cut, copy, paste' fraud orders without due process, asking Anil Ambani to file complaint with RBI.

RBI Injects Liquidity via $10 Billion Forex Swap

February 28, 2025 15:59

The Reserve Bank of India conducted a USD 10 billion forex swap to inject long-term liquidity into the system, with the auction being oversubscribed. The move comes amid rupee weakness and global...

India, Japan Renew USD 75 Billion Currency Swap Agreement

February 28, 2025 15:26

India and Japan have renewed their USD 75 billion bilateral currency swap agreement, aimed at strengthening financial cooperation and contributing to global stability.

Jharkhand Economy Projected to Grow 7.5% in 2025-26

February 28, 2025 15:09

Jharkhand's economy is expected to grow by 7.5% in the 2025-26 fiscal, according to the state economic survey, which also highlights a target of becoming a Rs 10 trillion economy by 2029-30.

SEBI Chief: Bureaucrat Tuhin Kanta Pandey Takes Helm

February 28, 2025 11:07

Seasoned bureaucrat Tuhin Kanta Pandey appointed as SEBI chairperson, replacing Madhabi Puri Buch. Pandey known for his experience in disinvestment and privatisation programs.

House Price Index Rises 3.1% in Q3: RBI Data

February 27, 2025 19:32

India's all-India House Price Index (HPI) rose 3.1% in Q3 2024-25, according to RBI data. The growth varied across cities, with Kolkata seeing the highest increase.

Rupee Falls 2 Paise to Close at 87.21 Against US Dollar

February 27, 2025 15:54

The Indian rupee depreciated by 2 paise to close at 87.21 against the US dollar, weighed down by muted domestic markets and foreign fund outflows. Trade tensions and rising US dollar strength also...

Religare Appoints Four Directors, Suspends MIC Operations

February 26, 2025 21:43

Religare Enterprises has appointed four new directors and suspended the operations of MIC Insurance Web Aggregator due to financial challenges. The appointments are subject to RBI approval and...

India's GDP Growth Recovers: Q3 Expansion Seen at 6.2% - Report

February 26, 2025 18:26

India's economic growth is projected to rebound in the December quarter, with Deutsche Bank forecasting a 6.2% expansion. While recovery is underway, overall growth is expected to remain below...

World Bank Bullish on Indian Economy: Invest Now

February 26, 2025 17:12

World Bank reaffirms confidence in India's economic potential despite growth fluctuations. Invest in India's shining light, says World Bank country director.

RCAP Ownership Transfer to IIHL: NCLT Sets March 12 Deadline

February 26, 2025 15:40

NCLT directs lenders and monitoring committee to complete all procedural issues by March 12 for Reliance Capital's ownership transfer to IndusInd International Holdings Limited (IIHL).

RBI Lowers Risk Weight for NBFC, Microfinance Loans - Boosting Credit

February 25, 2025 19:53

The Reserve Bank of India (RBI) has lowered risk weights for bank finance to NBFCs and microfinance loans, a move that will unlock more funds and boost credit. This decision follows a slowdown in...

New India Coop Bank Fraud: Auditors Summoned, Rs 122 Crore Embezzlement Probe

February 25, 2025 19:19

Mumbai Police's EOW is investigating the Rs 122 crore embezzlement at New India Cooperative Bank. Auditors of the bank have been summoned to record statements as part of the investigation.

SBI Pitch for Bank Equity Support to Startups | Setty

February 25, 2025 18:51

SBI Chairman C S Setty proposes an ecosystem for banks to offer equity support to startups, including a potential government guarantee scheme for loans up to Rs 100 crore. Learn more about SBI's...

Rupee Falls 51 Paise to 87.23 vs US Dollar

February 25, 2025 16:06

The Indian rupee slumped against the US dollar on Tuesday, driven by month-end dollar demand from importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and...

RBI Eases Norms for Urban Co-op Banks

February 24, 2025 20:51

The Reserve Bank of India has revised prudential norms for Urban Co-operative Banks (UCBs), giving them greater operational flexibility. The new rules increase the limit for housing loans and...

India Private Company Sales Up 8% in Q3 2024-25 - RBI Data

February 24, 2025 20:11

Sales by listed non-financial private companies in India rose 8% in Q3 2024-25, driven by growth in manufacturing, IT, and automobiles. Read more about the RBI's latest report.

RBI Allows Rs 25,000 Withdrawal from New India Co-op Bank

February 24, 2025 19:30

The Reserve Bank of India (RBI) has allowed depositors of New India Co-operative Bank to withdraw up to Rs 25,000 from their accounts, effective February 27, 2025. This relaxation comes after the...

Sebi Fines Foreign Investors Rs 50 Lakh for Market Norm Violations

February 24, 2025 19:08

Sebi has penalized three foreign portfolio investors (FPIs) - Nexpact Ltd, AIRD Investment Commercial LLC, and Aviator Global Investment Fund - a total of Rs 50 lakh for exceeding short-term...

IIFL Finance Asset Quality, Profit Challenges: Fitch

February 24, 2025 17:00

Fitch Ratings highlights challenges for IIFL Finance due to weakening loan quality and narrow interest spreads, impacting near-term performance and ratings.

Rupee Falls 4 Paise to 86.72 Against US Dollar

February 24, 2025 15:52

The Indian rupee closed at 86.72 against the US dollar on Monday, falling 4 paise amid weak domestic equities and rising Brent crude prices. However, a flat greenback against major currencies...

Rupee Rises 1 Paisa to 86.67 vs US Dollar - News

February 24, 2025 09:52

The Indian rupee gained 1 paisa against the US dollar in early trade on Monday, driven by a weakening greenback. However, domestic market factors limited further gains.

Bank of Maharashtra Cuts Retail Loan Interest Rates

February 23, 2025 13:19

Bank of Maharashtra has reduced interest rates on retail loans, including home and car loans, following RBI's repo rate cut. The move aims to offer competitive financing solutions to customers.

RBI Abolishes Pre-Payment Levy on Business Loans for Individuals & MSEs

February 21, 2025 21:22

The Reserve Bank of India proposes to eliminate foreclosure charges on floating rate loans for individuals and MSEs, promoting transparency and customer choice in the lending market.

RBI Injects Liquidity with USD 10 Billion Forex Swap

February 21, 2025 20:48

The Reserve Bank of India will conduct a USD 10 billion forex swap auction to inject long-term liquidity into the banking system. This move aims to address durable liquidity needs.

RBI Fines Citibank Rs 39 Lakh for Regulatory Violations

February 21, 2025 20:42

The Reserve Bank of India has imposed a penalty of Rs 39 lakh on Citibank N.A. for non-compliance with directions pertaining to large exposures framework and delay in furnishing credit information...

Bank Credit & Deposits Growth Slows in Q3: RBI Data

February 21, 2025 19:42

Bank credit and deposit growth slowed in Q3 2024, according to RBI data. Personal loans, agriculture, and industry credit moderated, while lending for trade, finance, and professional services...

DRI Busts 7 Fake Currency Printing Modules in India

February 21, 2025 18:44

The Directorate of Revenue Intelligence (DRI) has busted seven fake currency printing modules across India, seizing fake currency notes, machinery, and arresting multiple suspects.

RBI MPC Minutes: Rate Cut Justified, Inflation Near Target - PTI

February 21, 2025 17:49

The Reserve Bank of India's Monetary Policy Committee (MPC) voted to cut the repo rate by 25 basis points to 6.25%, citing inflation moving towards the 4% target. The minutes also highlight...

India's Forex Reserves Drop by $2.54 Billion - RBI

February 21, 2025 17:28

India's forex reserves declined by $2.54 billion to $635.721 billion in the week ended February 14, snapping a three-week rising streak, the Reserve Bank of India said on Friday.

Rupee Falls 7 Paise to 86.71 Against US Dollar

February 21, 2025 15:52

The Indian rupee closed 7 paise lower at 86.71 against the US dollar on Friday, weighed down by foreign fund outflows and a recovery in the dollar index. Weak crude oil prices cushioned the downside.

NCLT Admits Insolvency Against AVIOM India Housing Finance

February 21, 2025 15:45

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India's intervention due to governance concerns and...

RBI Warns of Reckless Financialization, Urges Entities to Guard Against Risks

February 21, 2025 13:00

Reserve Bank of India's Deputy Governor warns of risks associated with unsecured lending and derivatives euphoria, urging financial entities to ensure customer understanding and financial literacy.

Rupee Rises 14 Paise to 86.50 vs US Dollar - Economic News

February 21, 2025 10:01

The Indian rupee appreciated against the US dollar in early trade on Friday, fueled by the broad weakening of the US dollar. Read more about the factors influencing rupee movement.

Irdai Panel to Implement Insurance Law Amendments

February 20, 2025 20:17

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, including 100% FDI and other changes.

Rupee Rises 33 Paise to Close at 86.65 vs US Dollar

February 20, 2025 16:01

The Indian rupee appreciated 33 paise to close at 86.65 against the US dollar on Thursday, supported by a weakening greenback. Forex traders attribute the rise to foreign bank dollar selling and...

PNB Cuts Retail Loan Rates by 25 bps: Home, Auto Loans Cheaper

February 20, 2025 13:27

Punjab National Bank (PNB) has reduced interest rates on retail loans, including housing and auto loans, by up to 25 basis points following the RBI rate cut. The revised rates are effective from...

Rupee Rises 19 Paise to 86.79 vs US Dollar

February 20, 2025 10:07

Indian Rupee appreciates against US dollar in early trade on Thursday, driven by weaker dollar and oil prices. The rupee is expected to face global headwinds in the coming months.

New India Co-op Bank Fraud: Ex-CEO Quizzed by EOW

February 19, 2025 22:46

Mumbai Police's Economic Offences Wing (EOW) has recorded the statement of a former CEO of New India Co-Operative Bank in connection with a Rs 122-crore fraud case. The EOW is investigating the...

Union Budget Prudently Manages Fiscal Consolidation and Growth: RBI

February 19, 2025 20:57

The Reserve Bank of India (RBI) has lauded the Union Budget for FY26, stating it prudently manages fiscal consolidation and growth objectives. The article highlights the budget's focus on...

India Economy Shows Sequential Pickup: RBI Bulletin

February 19, 2025 20:08

RBI's February bulletin highlights sequential growth in India's economic activity driven by strong rural and urban demand. However, global uncertainties and a strong US dollar pose challenges.

Burmans' Religare Open Offer Gets Tepid Response

February 19, 2025 20:07

Burmans' Rs 2,116 crore open offer for Religare Enterprises Ltd saw a low response with only 0.07% of shares tendered. The offer aimed to acquire 26% stake but received a tepid response. Read more.

RBIDATA App: Access Indian Economic & Financial Data

February 18, 2025 21:30

RBI launches RBIDATA, a mobile app providing access to over 11,000 economic data series on the Indian economy. Explore macroeconomic and financial statistics in a user-friendly format.

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

February 18, 2025 21:08

Punjab National Bank (PNB) has reported a Rs 270.57 crore loan fraud by Gupta Power Infrastructure Ltd. The fraud, involving a non-performing asset account, was reported to the Reserve Bank of India.

Rate Cut Won't Drive Growth, Liquidity Key: Axis Bank Economist

February 18, 2025 19:18

Axis Bank's chief economist Neelkanth Mishra advocates for liquidity measures over rate cuts to stimulate growth, citing tight liquidity conditions as a barrier to loan transmission.

Gold Price Rises Rs 300 to Rs 88,500/10gm, Silver Jumps Rs 800

February 18, 2025 16:49

Gold prices in India climbed Rs 300 to Rs 88,500 per 10 grams on Tuesday, driven by global uncertainties and strong investor demand. Silver also surged Rs 800 per kg.

Indian Overseas Bank Launches Aadhaar-Based Account Opening & API Banking

February 18, 2025 16:12

Indian Overseas Bank launches Aadhaar-OTP based account opening and API banking services to simplify banking for individuals and corporates. The bank's new digital onboarding process adheres to RBI...

Rupee Falls 8 Paise to Close at 86.96 vs US Dollar

February 18, 2025 15:48

The Indian rupee depreciated 8 paise to close at 86.96 against the US dollar, driven by foreign fund outflows and a stronger dollar index. The trade deficit and weak domestic equities also put...

India's Economy to Grow 6.4% in Q3: ICRA

February 18, 2025 12:37

ICRA projects India's GDP to grow 6.4% in the December quarter, driven by increased government spending. The rating agency expects the economy to benefit from investment activity and a rebound in...

Rupee Falls 8 Paise to 86.96 vs Dollar

February 18, 2025 09:53

The Indian rupee depreciated 8 paise to 86.96 against the US dollar in early trade on Tuesday, weighed down by sustained foreign fund outflows and a negative trend in domestic equities.

Karnataka Bank Requests RBI to Reverse $18.87 Million UPI Transaction

February 17, 2025 22:25

Karnataka Bank has identified suspicious cross-border UPI transactions totaling Rs 18.87 crore and has requested the RBI to reverse the transactions. The bank has taken steps to prevent future...

India's FM: Govt & RBI Working Together to Control Inflation, Boost Growth

February 17, 2025 22:12

India's Finance Minister Nirmala Sitharaman says the government and Reserve Bank are working in sync to control inflation and boost economic growth. Inflation has cooled to nearly 4%, leading to...

Rupee Falls 16 Paise to 86.87 vs US Dollar

February 17, 2025 15:58

The Indian rupee depreciated 16 paise to close at 86.87 against the US dollar on Monday, driven by foreign fund outflows and a stronger US dollar. Read more about the rupee's performance.

Deposit Insurance Limit Hike Under Consideration: Govt

February 17, 2025 15:37

India's government is considering raising the deposit insurance limit beyond Rs 5 lakh following the New India Co-operative Bank scam. The decision is under active consideration and will be...

Rupee Trades in Narrow Range Against US Dollar - PTI

February 17, 2025 09:52

The Indian rupee traded in a narrow range against the US dollar on Monday, depreciating by 5 paise to 86.76, weighed down by foreign fund outflows and a negative trend in domestic equities.

Bank of Maharashtra Opens GIFT City Branch: RBI Approval

February 16, 2025 12:52

Bank of Maharashtra has received RBI approval to establish an International Financial Services Centre (IFSC) Banking Unit at GIFT City, its first international branch, enabling offshore banking...

Jharkhand Priority Sector Lending Projected at Rs 88,303 cr

February 15, 2025 17:05

Jharkhand's credit potential for priority sector lending in FY'26 is projected at Rs 88,303 crore, a 64% increase from FY'25. This includes focus on agriculture, education, housing, and small...

Mumbai Police Question New India Coop Bank GM for Rs 122 Cr Misappropriation

February 15, 2025 16:06

Mumbai police are questioning New India Cooperative Bank's General Manager for allegedly embezzling Rs 122 crore of the bank's funds. The RBI has superseded the bank's board and appointed an...

New India Coop Bank Manager Accused of Embezzling Rs 122 Crore

February 15, 2025 12:38

The General Manager of New India Cooperative Bank and associates are accused of embezzling Rs 122 crore, leading to restrictions on the bank by RBI. The case is now with the EOW.

Sebi Rejects Gaekwad's Religare Open Offer Bid

February 14, 2025 20:17

Sebi rejected Digvijay Gaekwad's competing open offer for Religare Enterprises, citing lack of financial ability and frivolous intent, paving the way for Burman Group's acquisition.

RBI Takes Action on New India Co-operative Bank: Fund Misappropriation

February 14, 2025 19:32

The Reserve Bank of India (RBI) has taken action against New India Co-operative Bank due to alleged fund misappropriation by staff members. The bank's board has been superseded, and depositors are...

Navi Group Appoints New CEOs for Navi Technologies & Finserv

February 14, 2025 19:22

Navi Group announces restructuring, appointing Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv. Sachin Bansal, founder, will continue as Executive Chairman.

20 NBFCs Surrender Registration to RBI

February 14, 2025 19:14

The Reserve Bank of India (RBI) announced that 20 non-banking financial companies (NBFCs) have surrendered their certificates of registration (CoR), including Reliance Commercial Finance and IDFC...

RBI Fines Nainital Bank & Ujjivan SFB Rs 68 Lakh for Regulatory Violations

February 14, 2025 18:24

The Reserve Bank of India has imposed penalties totaling Rs 68.1 lakh on Nainital Bank and Ujjivan Small Finance Bank for contraventions of regulatory norms. The penalties were imposed for...

India's Forex Reserves Jump to $638.261 Billion - RBI

February 14, 2025 17:24

India's foreign exchange reserves surged by $7.654 billion in the week ended February 7, reaching $638.261 billion, marking the third consecutive weekly increase. The reserves had been declining...

RBI Takes Over New India Co-op Bank: Board Superseded

February 14, 2025 16:40

The Reserve Bank of India (RBI) has superseded the board of New India Co-operative Bank in Mumbai, citing poor governance standards. The bank faces restrictions on withdrawals and loan issuance.

Rupee Rises 12 Paise to Close at 86.81 vs US Dollar

February 14, 2025 16:02

The Indian rupee appreciated against the US dollar on Friday, closing at 86.81, driven by a weakening greenback. However, gains were capped by higher crude oil prices and FIIs selling domestic...

London Lord Mayor Promotes Trade in India

February 14, 2025 08:27

London's Lord Mayor visits India to advocate for free trade and increased capital flows between the UK and India, focusing on growth opportunities in financial services and infrastructure.

RBI Extends R Subramaniakumar's Tenure as RBL Bank CEO

February 13, 2025 20:31

RBI has re-appointed R Subramaniakumar as MD & CEO of RBL Bank for three years, extending his tenure until June 2028. The bank will seek shareholder approval for the reappointment.

Rashmi Saluja Ousted from Religare Board After Shareholders Reject Reappointment

February 13, 2025 19:08

Rashmi Saluja, executive chairperson of Religare Enterprises, has ceased to be a director after shareholders voted against her reappointment. The move comes amid an open offer by the Burman family...

Rupee Gains 3 Paise, Settles at 86.92 vs US Dollar

February 13, 2025 16:03

The Indian rupee closed 3 paise higher at 86.92 against the US dollar on Thursday, supported by a softer greenback and easing crude oil prices. However, the gains were capped by foreign fund...

RBI Urges NBFCs to Prioritize Customer Fairness

February 13, 2025 15:59

RBI Governor Sanjay Malhotra emphasizes fair customer treatment and quick grievance redressal for NBFCs, stressing the need for inclusive development and financial stability.

Record January PV Dispatches Driven by Utility Vehicle Demand: SIAM

February 13, 2025 15:05

Passenger vehicle dispatches in India hit a record high in January 2025, driven by strong demand for utility vehicles, as per SIAM data. Utility vehicle sales rose 6%, while passenger car sales...

RBI Lifts Curbs on Kotak Mahindra Bank: Credit Card Issuance Resumes

February 12, 2025 18:04

The Reserve Bank of India has lifted restrictions on Kotak Mahindra Bank, allowing it to resume onboarding new customers and issuing fresh credit cards. The decision comes after the bank...

RBI to Issue Rs 50 Notes with Malhotra's Signature

February 12, 2025 17:27

Reserve Bank of India to issue Rs 50 banknotes featuring Governor Sanjay Malhotra's signature. The new notes will be similar in design to the existing Rs 50 banknotes in the Mahatma Gandhi (New)...

Fiscal Discipline in India: NCAER Urges Govt, RBI, FC Collaboration

February 12, 2025 16:17

NCAER research highlights the need for collaboration between the central government, RBI and Finance Commission to enforce fiscal discipline in Indian states. The paper suggests debt relief for...

Retail Inflation Slows to 4.31% in January - PTI

February 12, 2025 16:14

India's retail inflation eased to 4.31% in January, driven by lower food prices. The CPI-based inflation was 5.22% in December. Learn more.

Sebi Allows Stock Brokers to Trade Govt Securities

February 11, 2025 20:57

Sebi has permitted registered stock brokers to trade in government securities under a separate business unit. This decision follows RBI's recent notification allowing access to the Negotiated...

Easebuzz Gets RBI Approval for Online Payment Aggregator

February 11, 2025 16:54

Easebuzz secures RBI authorization to operate as an online payment aggregator, enabling it to process payments for Indian businesses across sectors. The company joins a select group of approved...

Rupee Rallies 63 Paise, Highest Gain in 2 Years

February 11, 2025 16:01

The Indian rupee surged 63 paise against the US dollar on Tuesday, marking its biggest single-day gain in nearly two years, driven by dollar selling by banks. Read more.

Rupee Rises 61 Paise to 86.84 vs US Dollar - Trade War Fears Impact

February 11, 2025 09:48

The Indian rupee gained 61 paise to 86.84 against the US dollar in early trade on Tuesday, driven by heightened trade war fears and economic uncertainty.

IIHL to Acquire Reliance Capital by Feb 26: NCLT Approves

February 10, 2025 21:16

IndusInd International Holdings Limited (IIHL) is set to acquire Reliance Capital by February 26, 2025, after the National Company Law Tribunal (NCLT) approved the acquisition. The move aims to...

RBI Doubles OMO Purchase to Rs 40,000 Cr

February 10, 2025 19:40

The Reserve Bank of India has increased the amount of open market operations (OMO) purchase scheduled for Thursday to Rs 40,000 crore, doubling the initial amount. This decision comes after a...

IDBI Bank Privatisation: Due Diligence Underway

February 10, 2025 16:33

India's Ministry of Finance confirms due diligence is underway for qualified bidders interested in acquiring a stake in IDBI Bank, currently undergoing privatization.

Rupee Flat at 87.50 vs USD, RBI Intervention Suspected

February 10, 2025 16:16

The Indian rupee closed flat at 87.50 against the US dollar on Monday, suspected RBI intervention after nearing 88.00 amid global trade war concerns.

Rupee Hits Record Low of 87.95 Against US Dollar

February 10, 2025 10:09

Indian rupee plunges to a record low of 87.95 against the US dollar in early trade, driven by a strong dollar and weak domestic equities.

RBI Governor: Market Forces Determine Rupee Value, Not Central Bank

February 8, 2025 17:01

Reserve Bank of India Governor Sanjay Malhotra says the central bank is not concerned with daily rupee fluctuations, focusing on its long-term value. He attributes the recent depreciation to global...

India: FM Says Fiscal & Monetary Measures Boost Consumption

February 8, 2025 15:58

India's Finance Minister Nirmala Sitharaman says recent fiscal and monetary measures are boosting consumption and promoting private investment, citing signs of a recovery in the economy.

New Income Tax Bill to be Introduced in Lok Sabha: Sitharaman

February 8, 2025 15:21

Finance Minister Nirmala Sitharaman announced the introduction of a new income tax bill in the Lok Sabha next week, replacing the existing six-decade-old act. The bill will undergo parliamentary...

RBI Not Worried About Rupee Fluctuation: Governor

February 8, 2025 13:37

RBI Governor Sanjay Malhotra says market forces decide rupee value and the central bank is not worried about daily fluctuations. The focus is on long-term value.

RBI Cuts Repo Rate: Boost for Housing Demand

February 7, 2025 20:35

RBI's repo rate cut by 25 bps to 6.25% is expected to boost housing demand by making home loans more affordable. Realtors welcome the decision, anticipating increased sales and a positive impact on...

RBI Cuts Interest Rate to Spur Growth: Bankers

February 7, 2025 19:58

Bankers welcome RBI's 25 basis point rate cut, predicting it will boost growth and complement the budget's focus on consumption and capex.

RBI Cuts Repo Rate: Home, Auto Loans Cheaper

February 7, 2025 19:03

Reserve Bank of India cuts key interest rate for the first time in 5 years, leading to lower home, auto and other loan rates. Read more.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2025	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us