Search result for 'rbi'

Rupee Flat at 83.98 vs US Dollar: Oil, Dollar, Equities Impact

September 11, 2024 16:07

The Indian rupee closed flat at 83.98 against the US dollar on Wednesday, with support from lower oil prices and a weak US dollar negated by a weak domestic stock market.

Northern Arc Capital IPO Opens Sep 16: Price Band Rs 249-263/share

September 11, 2024 15:17

Northern Arc Capital, a non-bank financial institution, has fixed a price band of Rs 249-263 per share for its Rs 777 crore IPO, opening on September 16. The IPO comprises a fresh issue and an...

Rupee Steady Against US Dollar: Oil Prices, FIIs Drive Gains

September 11, 2024 09:50

The Indian rupee edged up against the US dollar on Wednesday, supported by easing oil prices and foreign institutional inflows. Experts predict a continued rise in the rupee.

Shriram Group to List Insurance Arms in Two Years

September 10, 2024 20:57

Shriram Group plans to list its insurance arms within the next two years, aiming to achieve a certain scale for both general and life insurance businesses.

Govt Amends Rules for Mergers & Amalgamations Under Companies Law

September 10, 2024 20:03

The Indian government has amended rules regarding mergers under the Companies Act, requiring prior RBI approval for amalgamations involving a foreign holding company and its wholly-owned Indian...

Bajaj Housing Finance IPO Oversubscribed 7.5 Times

September 10, 2024 19:06

Bajaj Housing Finance's Rs 6,560 crore IPO has been oversubscribed 7.5 times on Day 2, with strong demand from all investor categories. The IPO closes on September 11.

RBI Fines Axis Bank, HDFC Bank for Compliance Violations

September 10, 2024 18:49

The Reserve Bank of India (RBI) has penalized Axis Bank and HDFC Bank for non-compliance with regulations on interest rates, KYC, credit flow, and customer service.

India Committed to Reducing Budget Deficit: Fitch

September 10, 2024 18:17

Fitch Ratings says India remains committed to reducing its budget deficit despite focus on public spending. The agency highlights India's fiscal credibility and its preference for consolidation.

Rupee Closes at 83.97 Against US Dollar | Latest Forex News

September 10, 2024 15:58

The Indian rupee depreciated 2 paise to close at 83.97 against the US dollar on Tuesday, weighed down by a strengthening US dollar and mixed non-farm payrolls data. Crude oil prices also weighed...

Northern Arc Capital IPO: Rs 500 Crore Fresh Issue on Sep 16

September 10, 2024 15:38

Northern Arc Capital, a leading NBFC, is set to launch its IPO on September 16, raising Rs 500 crore through a fresh issue. The IPO also includes an OFS by existing investors.

Rupee Holds Steady Against US Dollar - Business News

September 10, 2024 10:04

The Indian rupee traded in a narrow range against the US dollar on Tuesday, supported by foreign institutional inflows and a muted trend in domestic equities.

Union Bank: First Major Indian Bank to Join PCAF for Carbon Accounting

September 9, 2024 18:11

Union Bank of India becomes the first major Indian bank to join PCAF, demonstrating its commitment to measuring and managing financed emissions in line with RBI's climate risk disclosures.

RBL Bank Aims for Moderate Credit Card Growth, Launches Indian Oil Offering

September 9, 2024 17:34

RBL Bank plans moderate credit card growth, focusing on cross-selling. Launches 'Xtra Credit Card' with Indian Oil, offering 7.5% cashback at IOCL stations.

Rupee Slips 1 Paisa to 83.96 vs US Dollar - Business News

September 9, 2024 16:11

The Indian rupee weakened slightly against the US dollar on Monday, closing at 83.96. Concerns over global economic growth and a strong US dollar weighed on investor sentiments.

Bajaj Housing Finance IPO Fully Subscribed

September 9, 2024 14:27

Bajaj Housing Finance's Rs 6,560 crore IPO was fully subscribed within hours of opening, exceeding expectations with strong demand from retail and institutional investors.

Rupee Steady: Trades in Narrow Range vs US Dollar - Sep 9

September 9, 2024 10:08

The Indian rupee traded in a narrow range against the US dollar on Monday, supported by easing crude oil prices and dollar weakness. However, RBI intervention kept the rupee in a tight range.

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

September 8, 2024 16:06

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

Shriram Finance to Raise USD 1 Billion Overseas

September 8, 2024 15:31

Shriram Finance plans to raise USD 1 billion from overseas in the next six months to fund business growth. The NBFC will also raise funds from development financial institutions like ADB, Kfw, and...

DICGC Launches Daava Soochak: Track Deposit Claims Online

September 8, 2024 15:03

DICGC has launched Daava Soochak, an online tool for depositors to track the status of their claims for failed banks. The tool allows users to enter their mobile number and check their claim...

Bajaj Housing Finance IPO: Rs 1,758 cr from Anchor Investors

September 6, 2024 22:29

Bajaj Housing Finance raised Rs 1,758 crore from anchor investors ahead of its IPO. The IPO will open for public subscription on September 9 and conclude on September 11.

NaBFID Disputes RBI's 5% Provision for Infra Loans

September 6, 2024 21:00

NaBFID's MD questions RBI's proposal for 5% provision on infra loans, citing low default rates and changing perception of infra financing.

AU Small Finance Bank Partners with United India Insurance for Insurance Distribution

September 6, 2024 20:37

AU Small Finance Bank and United India Insurance have partnered to offer general insurance solutions to customers across India, including motor, personal accident, and crop insurance.

RBI Fines Housing & Urban Development Corp, 2 Others

September 6, 2024 19:14

Reserve Bank of India (RBI) has imposed penalties on Housing and Urban Development Corporation Ltd, Godrej Housing, and Aadhar Housing Finance Ltd for non-compliance with housing finance regulations.

India's Forex Reserves Hit Record High of USD 683.987 Billion

September 6, 2024 17:25

India's forex reserves surged by USD 2.3 billion to a fresh record of USD 683.987 billion in the week ending August 30, driven by an increase in foreign currency assets and gold reserves.

US Pension Funds to Invest in India: $1.8 Trillion AUM

September 5, 2024 21:49

Five US pension funds with over $1.8 trillion in assets are visiting India next week to explore long-term investment opportunities, including IPOs and infrastructure.

MPC Members Expected to be Appointed in Time: Das

September 5, 2024 21:20

RBI Governor Shaktikanta Das expects new MPC members to be in place before the upcoming meeting in October. The four-year term of three external members is ending on October 4th. The MPC will...

Banks vs. MFs: Slow Deposit Growth & Regulations - FIBAC 2024

September 5, 2024 21:10

Indian Banks' Association blames regulations for deposit shift to mutual funds, while Kotak Mahindra Bank CEO counters, citing government balances and other factors. FIBAC 2024 discusses challenges...

FSDC Reviews Global & Domestic Financial Developments

September 5, 2024 19:45

The Financial Stability and Development Council (FSDC) Sub-Committee reviewed global and domestic macroeconomic and financial developments, including potential risks to financial stability and...

Rupee Rises 4 Paise to 83.97 Against US Dollar

September 5, 2024 16:04

The Indian rupee closed higher against the US dollar on Thursday, driven by a weakening greenback and lower crude oil prices. The rupee gained 4 paise to settle at 83.97.

RBI Guv Urges Banks to Boost Women's Employment & Entrepreneurship

September 5, 2024 14:43

Reserve Bank of India Governor Shaktikanta Das calls on financial institutions to bridge the gender gap by providing more employment opportunities to women and creating tailored schemes for...

India's Economy on Sustainable Growth Path: RBI Guv Das

September 5, 2024 12:20

RBI Governor Shaktikanta Das highlights India's robust economic fundamentals and sustainable growth path, urging private sector investment. Key drivers include a young population, diverse...

Sebi Proposes Changes in Household Savings Calculation

September 4, 2024 20:09

Sebi's working paper suggests revising the methodology for calculating household savings through the Indian securities market to improve data accuracy. The proposed changes aim to include a wider...

RBI Reviews Global & Domestic Economy: Challenges & Outlook

September 4, 2024 18:51

The Reserve Bank of India's central board reviewed the global and domestic economic scenario, including associated challenges. The meeting discussed the functioning of Local Boards and activities...

Bajaj Housing Fin IPO: More NBFCs to Follow Suit

September 4, 2024 13:31

Bajaj Housing Finance's IPO is set to launch next week, with at least three more 'upper layer' NBFCs expected to go public within a year to meet the RBI's mandatory listing requirements. Learn more.

AU Small Finance Bank Seeks Universal Bank License

September 3, 2024 19:19

AU Small Finance Bank has applied to the RBI for a universal bank license, aiming to transition from a small finance bank. The bank meets the required criteria, including a net worth of Rs 1,000...

Domestic Savings to Remain Top Lender: RBI

September 3, 2024 14:21

RBI Deputy Governor Patra says domestic savings will continue to be the main source of financing for India's economy in the coming decades, despite recent changes in household savings patterns.

Domestic Saving to Remain Top Lender in India: RBI

September 3, 2024 14:20

RBI Deputy Governor Michael Patra says domestic saving will continue to be the primary source of financing for India's economy in the coming decades, driven by rising incomes and household wealth.

Bajaj Housing Finance IPO Opens Sept 9: Price Band at Rs 66-70/share

September 3, 2024 14:07

Bajaj Housing Finance's Rs 6,560 crore IPO opens on September 9 with a price band of Rs 66-70 per share. The IPO will close on September 11, and anchor investor bidding begins on September 6.

Rama Mohan Rao Amara Appointed MD of SBI - FSIB Recommendation

September 2, 2024 18:47

FSIB recommends Rama Mohan Rao Amara as the new Managing Director of State Bank of India (SBI), filling the vacancy created by C S Setty's elevation as chairman. Amara is currently the Deputy...

Rs 2000 Notes: 97.96% Returned, Rs 7,261 Cr Still With Public

September 2, 2024 18:25

The Reserve Bank of India (RBI) has announced that 97.96% of the Rs 2000 denomination banknotes have returned to the banking system, leaving Rs 7,261 crore worth of notes still with the public. The...

Sebi Study: 54% of IPO Shares Sold Within a Week

September 2, 2024 17:28

Sebi study reveals investors quickly sell IPO shares, highlighting 'flipping' behavior. 54% of shares allotted were sold within a week, with individual investors leading the trend.

Rupee Falls 7 Paise to 83.92 vs US Dollar - Latest News

September 2, 2024 16:09

The Indian Rupee depreciated 7 paise to close at 83.92 against the US Dollar, driven by weak macroeconomic data but supported by positive domestic markets, easing crude oil prices, and a weaker US...

Reliance Capital Lenders Accuse IIHL of Delaying Tactics

September 1, 2024 16:09

Lenders to Reliance Capital allege that IIHL is delaying the implementation of the resolution plan, citing a required DIPP approval. The NCLT has directed the RBI and DIPP to expedite the process.

Bajaj Housing Finance IPO Opens Sep 9: Rs 6,560 Cr

September 1, 2024 10:55

Bajaj Housing Finance's Rs 6,560 crore IPO will open for subscription on September 9, closing on September 11. The IPO comprises a fresh issue and an offer for sale by parent Bajaj Finance.

India's GDP Growth Slows to 15-Month Low: RBI Guv

August 31, 2024 15:10

India's GDP growth slowed to 6.7% in Q1 FY24 due to lower government spending, according to RBI Governor Shaktikanta Das. He attributed the slowdown to the model code of conduct during the Lok...

UPI Growth: RBI Governor on Global Expansion - PTI

August 30, 2024 23:30

RBI Governor Shaktikanta Das expects Unified Payments Interface (UPI) to expand globally, with discussions underway with several countries. Learn more about UPI's international growth potential.

India Economy Poised for 6.5-7% Growth in FY25: CEA

August 30, 2024 20:19

India's economy is expected to grow at 6.5-7% in FY25, despite a slowdown in the first quarter, according to the Chief Economic Advisor. The CEA cited strong growth momentum, a good monsoon, and...

Bank Credit to Industry Soars 10.2% in July: RBI

August 30, 2024 19:38

Bank credit to industry surged to 10.2% in July 2024, driven by growth in chemicals, food processing, and infrastructure sectors. Agriculture credit also remained strong, while credit to services...

India House Price Index Moderates to 3.3% in Q1 FY25 - RBI Data

August 30, 2024 19:08

The all-India House Price Index (HPI) moderated to 3.3% in Q1 FY25, according to RBI data. Nine out of ten major cities saw a rise in house prices during the quarter.

India's Fiscal Deficit Hits 17.2% in First 4 Months: CGA Data

August 30, 2024 18:43

India's fiscal deficit reached 17.2% of the full-year target in April-July, driven by lower capital expenditure and higher revenue receipts. Learn more about the fiscal deficit and its impact on...

RBI Fines UCO Bank Rs 2.68 Crore for Violations

August 30, 2024 17:54

Reserve Bank of India imposes a penalty of Rs 2.68 crore on UCO Bank for violating provisions related to current accounts, interest rates, and fraud classification.

India's Forex Reserves Hit Record High of USD 681.69 Billion

August 30, 2024 17:44

India's forex reserves surged by USD 7.023 billion to a new peak of USD 681.688 billion in the week ending August 23, driven by a rise in foreign currency assets and gold reserves.

Paytm Shares Surge 13% After Govt Approval

August 30, 2024 17:36

Paytm shares rallied for the second day after the company received government approval for downstream investment in its subsidiary, Paytm Payments Services Ltd.

PM Modi: Govt Supporting Fintech Sector with Policy Measures

August 30, 2024 13:07

Prime Minister Narendra Modi highlights government's support for the fintech sector, citing USD 31 billion investments and the abolition of Angel Tax. He also emphasizes the need for increased...

Fintech Responsibility: RBI Warns of Subsuming National Interests

August 29, 2024 21:02

RBI Deputy Governor T Rabi Sankar urges fintech firms to prioritize national interests over business gains, emphasizing responsible behavior and compliance.

LGBTQ+ Bank Accounts: No Restrictions, Says FinMin

August 29, 2024 20:48

India's Finance Ministry clarifies that LGBTQ+ individuals can open joint bank accounts and nominate partners. This follows a Supreme Court order and RBI guidelines.

RBI Warns Against Fraudulent Activities: Don't Share Details

August 29, 2024 19:18

The Reserve Bank of India (RBI) warns the public against fraudulent activities using its name. Don't share your account login details, OTP, or KYC documents with unidentified individuals.

Moody's Ups India's 2024 GDP Growth Forecast to 7.2% - Strong Growth

August 29, 2024 18:49

Moody's raises India's GDP growth forecast for 2024 to 7.2% and 2025 to 6.6%, citing strong broad-based growth, improved rural demand and a revival in private capex.

RBI Allows Foreign Investors in IFSC to Invest in Sovereign Green Bonds

August 29, 2024 18:19

The Reserve Bank of India has introduced a scheme permitting foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds, facilitating wider...

RBI to Finalize Project Loan Guidelines in 2-3 Months

August 29, 2024 16:43

RBI is expected to release final project loan guidelines in the next 2-3 months, following feedback from banks on proposed Expected Credit Loss (ECL) provisioning norms.

Paytm Shares Surge on Govt Nod for Investment

August 29, 2024 16:29

Paytm shares closed over 3% higher after receiving government approval for investment in Paytm Payments Services Ltd. The company will reapply for a payment aggregator (PA) license.

India Lowers Public Float Requirement for IFSC Listings

August 29, 2024 13:11

India's finance ministry has reduced the minimum public float requirement for companies listing on stock exchanges at IFSC, Gandhinagar, from 25% to 10%, aiming to attract more companies to the...

Paytm Shares Surge 5% on Govt Approval for Investment

August 29, 2024 11:33

Paytm shares soared 5% after receiving government approval for investment in Paytm Payments Services. The company will reapply for a payment aggregator license.

RBI to Allow Multiple SROs for Fintechs: Das

August 28, 2024 20:51

Reserve Bank Governor Shaktikanta Das announced that the RBI will permit at least two industry bodies to operate as self-regulatory organisations for the fintech sector. The central bank is...

IIHL Raises GST Liability Concern in RCap Resolution Plan

August 28, 2024 20:43

IndusInd International Holdings (IIHL) expressed concern over Rs 850 crore GST liability in implementing Reliance Capital's resolution plan. The NCLT approved IIHL's Rs 9,650 crore plan in...

RBI Governor Advocates for Trustworthy AI in Finance

August 28, 2024 20:12

RBI Governor Shaktikanta Das stresses on developing 'trustworthy AI' in the financial sector, addressing concerns around data privacy and ethical deployment.

RBI Aims to Make UPI, RuPay Global: Governor Das

August 28, 2024 18:02

Reserve Bank of India Governor Shaktikanta Das outlines plans to make UPI and RuPay truly global, highlighting the central bank's focus on financial inclusion, digital infrastructure, and global...

Paytm Gets Govt Nod for PPSL Investment, Reapplies for Payment Aggregator License

August 28, 2024 17:46

Paytm has received government approval for investment in its subsidiary Paytm Payments Services Ltd and will reapply for a payment aggregator license after its previous application was rejected due...

Fast Cross-Border Payments: Fed Official Raises Concerns

August 28, 2024 15:09

A senior US Fed official warns that frictionless cross-border payments could hinder efforts to combat money laundering and terror financing. The official also expresses reservations about...

Rupee Falls 2 Paise to 83.95 Against US Dollar

August 28, 2024 10:00

The Indian Rupee depreciated by 2 paise to 83.95 against the US dollar in early trade on Wednesday, weighed down by a muted trend in domestic equities. Experts believe the RBI is intervening to...

F''O Losses: Brokerage Launches Tools for Disciplined Trading

August 27, 2024 22:08

A brokerage has launched tools to promote disciplined trading and curb excessive speculation in the F''O market, aiming to protect investors from potential losses.

Regulators Take Action on Spam Calls: Joint Panel Brainstorming

August 27, 2024 20:54

Indian regulators met to discuss urgent action against spam calls, including promotional voice, robo, and pre-recorded calls. The meeting focused on implementing measures to better control and...

Nifty Hits Lifetime High, Sensex Ends Flat | Market Update

August 27, 2024 17:19

Indian stock markets ended on a flat note Tuesday despite Nifty hitting a new lifetime high. Profit-taking and geopolitical tensions weighed on gains.

Indian Markets Settle Flat, Nifty Hits Lifetime High

August 27, 2024 16:12

Indian stock markets closed nearly flat on Tuesday, with the Nifty index reaching a new all-time high. Profit-taking and geopolitical tensions in the Middle East and Ukraine contributed to the...

India Enters 'Transparent' Zone in JLL Real Estate Index

August 27, 2024 14:49

India's real estate market has achieved 'transparency', climbing to 31st in JLL's Global Real Estate Transparency Index 2024, driven by institutionalization and data access.

Indian Markets Dip Amid Global Weakness, Geopolitical Tensions

August 27, 2024 10:00

Indian stock markets initially rose but faced profit-taking due to weak global trends driven by geopolitical tensions in the Middle East and Ukraine. The Sensex and Nifty are trading lower, with...

India's GDP Growth to Slow to 7.1% in June Quarter: SBI

August 26, 2024 18:45

SBI economists predict India's GDP growth to slow to 7.1% in the June quarter, citing softer manufacturing and lower government spending. They also see a space for monetary policy easing.

RBI Launches Unified Lending Interface (ULI) for Rural Credit

August 26, 2024 16:56

The Reserve Bank of India (RBI) is launching the Unified Lending Interface (ULI) to streamline credit flow, especially for small and rural borrowers. The ULI platform will enable frictionless...

Reliance Shares Hit Lower Circuit: Ambani Banned by Sebi

August 26, 2024 11:41

Shares of Reliance Home Finance, Reliance Power, and Reliance Communications hit lower circuit limits after Sebi barred Anil Ambani from the securities market for five years due to fund diversion...

RBI Focuses on Strengthening Financial Sector with New Policies

August 26, 2024 11:03

RBI Governor Das highlights the central bank's efforts to enhance the financial sector's strength, agility, and customer focus through policy innovations, including the upcoming Unified Lending...

Rupee Rises 10 Paise to 83.80 vs US Dollar

August 26, 2024 09:34

The Indian rupee appreciated by 10 paise to 83.80 against the US dollar in early trade on Monday, supported by a weakening dollar and foreign fund inflows.

Banks & Fintech Partnerships: Win-Win for All - Ex-RBI Official

August 23, 2024 22:34

Former RBI Deputy Governor S.S. Mundra says partnerships between banks and fintech companies are beneficial, emphasizing data security and the importance of inclusive banking practices.

Goyal: Stock Market Investors Know the Risks and Rewards

August 23, 2024 20:57

Commerce Minister Piyush Goyal says stock market investors are aware of risks and rewards, dismissing concerns about speculative bets and highlighting India's growth story.

RBI Cancels Registration of Margdarshak Financial Services

August 23, 2024 19:34

The Reserve Bank of India (RBI) has canceled the registration of Margdarshak Financial Services Ltd over high net NPAs and defaults on repayment to lenders. The company failed to meet minimum...

India's Forex Reserves Surge to USD 674.664 Billion

August 23, 2024 17:45

India's foreign exchange reserves climbed by USD 4.546 billion to USD 674.664 billion in the week ending August 16, driven by an increase in foreign currency assets and gold reserves.

Gold Prices Fall Rs 350, Silver Drops Rs 200 - Latest News

August 23, 2024 16:47

Gold prices declined by Rs 350 to Rs 73,800 per 10 grams in New Delhi on Friday, while silver dropped by Rs 200 to Rs 87,000 per kg. The decline was attributed to rising US Treasury yields and a...

Rupee Rises 4 Paise to Close at 83.89 vs US Dollar

August 23, 2024 15:48

The Indian rupee closed higher against the US dollar on Friday, supported by weak US Dollar, foreign fund inflows, and a positive tone in the domestic markets. However, gains were capped by...

Maharashtra to Roll Out Red Carpet for MSMEs & Startups

August 23, 2024 13:13

Maharashtra Minister Uday Samant promises support for MSMEs & startups, aiming to transform Mumbai into a global fintech hub. The state will provide red carpet treatment for projects, at par with...

Sebi Bans Anil Ambani, 24 Entities From Securities Market for 5 Years

August 23, 2024 10:56

Sebi bans Anil Ambani and 24 other entities, including former Reliance Home Finance officials, from the securities market for 5 years for fund diversion.

Rupee Rises 5 Paise to 83.88 vs US Dollar: Key Factors

August 23, 2024 09:51

The Indian rupee strengthened against the US dollar in early trade on Friday, driven by easing crude oil prices and foreign fund inflows. Learn more about the factors influencing the rupee's movement.

RBI Allows Auto-Replenishment of FASTag and NCMC via E-Mandate

August 22, 2024 19:10

The Reserve Bank of India has modified its e-mandate framework to allow auto-replenishment of FASTag and NCMC balances, eliminating the need for pre-debit notifications.

RBI Guv: Policy Easing Now Misleading, Repo Rate Unchanged

August 22, 2024 18:54

RBI Governor Shaktikanta Das voted to keep repo rate unchanged at 6.5%, citing concerns about high food inflation and slow disinflation. Two MPC members advocated for a rate cut.

Gold Loan Market to Double by 2029: PwC India

August 22, 2024 15:38

India's organized gold loan market is expected to reach Rs 14.19 lakh crore by FY 2029, driven by digital platforms and rising gold prices. Read more from PwC India.

RBI Urges Lenders to Support MSMEs: Empathetic Approach Key

August 22, 2024 13:32

Reserve Bank Deputy Governor calls for empathetic approach towards MSMEs, urging lenders to provide restructuring options and tailored support to aid growth and global competitiveness.

RBI Veteran Mod Narayan Joins Mahindra Finance as Chief Compliance Officer

August 20, 2024 22:06

Mahindra Finance appoints RBI veteran Mod Narayan Singh as its chief compliance officer. The company also appointed Bijoy Thaplial as the chief business officer.

RBI Governor Shaktikanta Das Ranked Top Central Banker Again

August 20, 2024 21:44

Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by Global Finance magazine. Das, along with Denmark's Christian...

IDBI Bank Raises FD Rate to 7.85% for 444 Days

August 20, 2024 18:34

IDBI Bank has increased its fixed deposit rate to 7.85% for a 444-day tenure, aiming to attract more deposits. The offer is valid till September 30, 2024, and customers can open an Utsav Fixed...

RBI Inflation Targeting: Research Paper Says Abandoning It Would Be Risky

August 20, 2024 16:40

A new research paper argues that abandoning the RBI's inflation targeting regime would be risky and counterproductive, suggesting adjustments instead.

Banks Tap Alternative Sources as Deposits Slow: RBI

August 19, 2024 20:54

RBI reports banks are turning to commercial paper and certificates of deposit as deposit growth lags credit expansion, prompting concerns about liquidity.

Private Capex to Surge 54% in FY25: RBI

August 19, 2024 20:37

RBI paper projects a 54% jump in private capex to Rs 2.45 lakh crore in FY25, driven by rising domestic demand and government infrastructure push.

RRBs to Devise Products for MSME Clusters: FM

August 19, 2024 19:39

Finance Minister Nirmala Sitharaman urges Regional Rural Banks (RRBs) to create products tailored to MSME clusters, promoting financial inclusion and credit access to small and micro enterprises.

Budget Balances Fiscal Prudence, Growth: RBI Paper

August 19, 2024 19:38

An RBI paper hails the Union Budget for striking a balance between fiscal prudence and growth, highlighting its positive impact on the medium-term economic outlook.

RBI: Food Price Moderation in August, Concerns Remain

August 19, 2024 19:25

The Reserve Bank of India (RBI) reports a decrease in cereal, pulse, and edible oil prices in August. However, the article highlights concerns about food inflation persistence and its potential...

RBI: Rural Consumption Drives Aggregate Demand Revival

August 19, 2024 18:33

The RBI Bulletin highlights a revival in rural consumption, boosting aggregate demand and potentially reigniting private sector investment. Inflation moderated in July but global economic...

RBI Suggests Deposit Insurance Coverage Hike

August 19, 2024 17:59

RBI Deputy Governor M Rajeshwar Rao advocates for periodical revision of deposit insurance coverage limit, citing factors like deposit growth, inflation, and income levels.

Finance Minister Urges PSBs to Boost Deposit Growth

August 19, 2024 17:12

India's Finance Minister Nirmala Sitharaman met with public sector banks to address concerns over deposit growth, urging them to improve deposit mobilization and introduce innovative products.

Rupee Rises 11 Paise to 83.84 vs US Dollar: Early Trade

August 19, 2024 09:46

The Indian rupee appreciated 11 paise to 83.84 against the US dollar in early trade on Monday, driven by positive domestic equities and foreign fund inflows. Learn more about the rupee's movement...

RBI Fines BoM, Hinduja Leyland, Poonawalla Fincorp for Violations

August 16, 2024 19:40

The Reserve Bank of India (RBI) has imposed penalties on Bank of Maharashtra, Hinduja Leyland Finance, and Poonawalla Fincorp for violating regulatory directions, including Know Your Customer (KYC)...

RBI Tightens P2P Lending Norms: Transparency & Compliance

August 16, 2024 18:31

The Reserve Bank of India has tightened norms for P2P lending platforms to improve transparency and compliance, addressing concerns over practices violating 2017 guidelines.

India's Forex Reserves Drop $4.8 Billion to $670.11 Billion - RBI

August 16, 2024 17:39

India's foreign exchange reserves fell by $4.8 billion to $670.119 billion in the week ended August 9, according to the Reserve Bank of India.

Freo Targets 25-30% Revenue Growth, Focuses on Profitability

August 16, 2024 12:50

Digital banking platform Freo aims for 25-30% revenue growth in FY24, prioritizing profitability. The company has been profitable since December 2023 and expects to continue this trend. Freo's...

SBI Hikes Lending Rate: EMIs Rise for Borrowers | Latest News

August 16, 2024 12:30

State Bank of India (SBI) raises its MCLR by 10 bps across tenors, impacting consumer loans. This is the third consecutive hike, making EMIs costlier for borrowers. Learn more about the new rates...

Commerce Ministry Seeks Extension of Interest Equalisation Scheme

August 14, 2024 20:13

India's commerce ministry seeks to extend the interest equalisation scheme for exporters, aiming to promote outbound shipments. The scheme, which provides subsidies to exporters, is set to expire...

Risk-Based Deposit Insurance Premium: RBI Deputy Governor's View

August 14, 2024 12:48

RBI Deputy Governor Swaminathan J advocates for risk-based premiums for deposit insurance, urging financial institutions with higher risk profiles to contribute more to the insurance fund. He...

Wholesale Inflation Dips to 2.04% in July

August 14, 2024 11:41

India's wholesale inflation eased to 2.04% in July, down from 3.36% in June. The decline aligns with falling retail inflation, which hit a 5-year low. Learn more.

India Business News: Rupee Flat, Sensex Tumbles, Vedanta Stake Sale

August 13, 2024 21:00

Get the latest Indian business news, including market updates, company announcements, and economic developments. Find insights on the rupee, Sensex, Vedanta, and more.

RBI & CM Sukhu Discuss Financial Inclusion in Himachal

August 13, 2024 19:05

RBI Regional Director Anupam Kishore met with Himachal Pradesh CM Sukhvinder Singh Sukhu to discuss financial literacy, inclusion, and recent banking advancements. The meeting highlighted the RBI's...

Piramal Enterprises Q1 Profit Dips 64% to Rs 181 cr

August 13, 2024 18:43

Piramal Enterprises reported a 64% decline in Q1 net profit to Rs 181 crore, impacted by a higher base last year. The company's core net interest income grew 18% to Rs 807 crore.

Jai Kisan Gets RBI Nod for NBFC Acquisition - Rural Fintech Startup

August 13, 2024 16:52

Jai Kisan, a rural fintech startup, has received RBI approval to acquire a majority stake in NBFC Kushal Finnovation Capital. The acquisition will enable Jai Kisan to offer customized financial...

Fairexpay Launches Digital Platform for Low-Cost Remittances

August 13, 2024 16:03

Fairexpay's new digital platform offers cost-effective international money transfers, saving students and families up to 5% compared to traditional banks. Enjoy faster processing and low forex...

Rupee Remains Steady at 83.97 Against US Dollar

August 13, 2024 15:47

The Indian rupee closed at 83.97 against the US dollar on Tuesday, influenced by weak domestic markets and rising oil prices. Geopolitical tensions also played a role.

Deposit Insurance Frameworks for Financial Institution Failures: RBI

August 13, 2024 11:42

RBI Deputy Governor Patra emphasizes the need for frameworks to manage failing deposit-taking institutions and prevent contagion effects, particularly in the digital age. The focus is on crisis...

Rupee Stable: Narrow Range Against US Dollar | PTI

August 13, 2024 10:06

Indian rupee appreciated slightly against the US dollar in early trade, supported by positive domestic macroeconomic data. However, gains were capped by muted equities and FII outflows.

NBFC Depositors Can Prematurely Withdraw Entire Amount: RBI

August 12, 2024 19:53

Reserve Bank of India allows NBFC depositors to withdraw their entire deposit amount within 3 months in case of emergencies. Learn about the new rules and changes impacting NBFCs and HFCs.

India Retail Inflation Hits 5-Year Low in July: 3.54%

August 12, 2024 19:16

India's retail inflation fell to a five-year low of 3.54% in July, driven by lower food prices and a base effect. The CPI inflation edged up to 5.08% in June due to higher-than-expected food...

RBI Fines CSB Bank, Union Bank, Others for Regulatory Violations

August 12, 2024 18:49

The Reserve Bank of India has penalized CSB Bank, Union Bank of India, Muthoot Housing Finance, Nido Home Finance, and Ashoka Viniyoga for violating regulatory norms.

India's Inflation Drops to 5-Year Low in July

August 12, 2024 17:46

India's retail inflation fell to 3.54% in July, the lowest in five years, driven by cooling food prices. The decline falls below the Reserve Bank's 4% target.

RBI Forms Committee to Benchmark Statistics

August 12, 2024 16:00

The Reserve Bank of India (RBI) has established an expert committee to benchmark its statistics against international standards. The committee, led by Deputy Governor Michael Debabrata Patra, will...

NCLT Orders RBI, DIPP to Expedite RCap Resolution Plan

August 12, 2024 15:49

The National Company Law Tribunal (NCLT) has directed the Reserve Bank and Department of Industrial Policy and Promotion to expedite the approval process for Reliance Capital's resolution plan by...

Rupee Steady vs US Dollar, Awaits Key Data

August 12, 2024 09:55

The Indian rupee traded in a narrow range against the US dollar on Monday, with market participants awaiting key macroeconomic data releases, including CPI inflation and IIP numbers.

RBI Governor: Sovereign Green Bonds Trading to Commence at IFSC in FY24

August 10, 2024 15:40

Reserve Bank Governor Shaktikanta Das has announced that sovereign green bond trading will commence at the International Financial Services Centre (IFSC) in Gujarat during the second half of the...

Banks urged to innovate to boost deposits: FM Sitharaman - India News

August 10, 2024 12:49

Finance Minister Nirmala Sitharaman calls on banks to develop innovative deposit schemes to address the deposit-lending mismatch and boost lending. RBI Governor Shaktikanta Das also expressed...

Canara Bank Raises Lending Rate by 5 bps | Consumer Loans Costlier

August 9, 2024 18:31

Canara Bank has increased its MCLR by 5 basis points across tenors, impacting consumer loans like auto and personal loans. The new rates are effective from August 12, 2024.

India's Forex Reserves Hit Record High of USD 674.91 Billion

August 9, 2024 17:33

India's foreign exchange reserves surged by USD 7.533 billion to a new record high of USD 674.919 billion in the week ended August 2, according to the Reserve Bank of India.

Rupee Rises 2 Paise to Close at 83.95 vs US Dollar

August 9, 2024 15:55

The Indian rupee gained 2 paise to close at 83.95 against the US dollar on Friday, supported by gains in domestic markets. However, rising crude oil prices capped sharp gains. Read more about...

ESG Bonds in India: RBI Official Calls for Enabling Framework

August 9, 2024 15:26

A senior RBI official emphasizes the need for an enabling framework to promote the issuance of ESG bonds by Indian companies domestically, citing the current trend of companies issuing such bonds...

Rupee Rises 8 Paise to 83.89 Against US Dollar

August 9, 2024 09:53

Indian Rupee strengthened against the US dollar in early trade on Friday, supported by a positive trend in domestic equities and a decline in the US dollar index.

Inflation Expectations Rise in July: RBI Survey - 8.2% Median

August 8, 2024 21:29

The Reserve Bank of India (RBI) reports that household median inflation expectations rose to 8.2% in July. The survey also found that expectations for the next three months and one year increased...

RBI Holds Rates Steady, Warns Banks on Risks to Financial Stability

August 8, 2024 19:16

The Reserve Bank of India kept interest rates unchanged, but raised concerns about potential risks to the banking sector, including excessive leverage and IT outages. Top bankers said the move is...

Household Savings Returning to Normalcy: RBI DG

August 8, 2024 18:09

Reserve Bank Deputy Governor Michael Patra says household saving behavior is returning to normalcy, with savings stabilizing at around 20%. Learn more about the latest trends in household savings...

RBI Can't Ignore Food Inflation While Setting Rates: Das

August 8, 2024 17:11

RBI Governor Shaktikanta Das says the central bank cannot ignore food inflation in its monetary policy, despite suggestions to exclude it. Das also emphasizes the need to review the weight of food...

Interest Rates Unchanged: Realty, Auto Stocks Decline

August 8, 2024 17:10

Realty, auto and bank stocks fell on Thursday as RBI kept interest rates unchanged for the ninth consecutive policy meeting, citing high food inflation.

Sensex Falls 581 pts as RBI Holds Rates Amid Inflation

August 8, 2024 16:55

The Sensex closed down nearly 1% as the Reserve Bank of India kept the policy rate unchanged for the ninth time, citing stubborn food inflation.

RBI Keeps Repo Rate Unchanged: Experts React

August 8, 2024 16:52

The Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the ninth consecutive time, citing stubborn food inflation. Experts say the decision was expected, with the central bank focused...

RBI Holds Rates, Focus on Inflation: Experts

August 8, 2024 16:36

RBI maintains status quo on repo rate, prioritizes inflation control for sustained growth. Experts weigh in on the decision and its implications for the Indian economy.

RBI Keeps Repo Rate Unchanged, Stable Mortgage Rates to Boost Housing Demand

August 8, 2024 16:11

RBI's decision to keep the repo rate unchanged at 6.5% will maintain affordable borrowing costs for homebuyers, leading to continued strong demand in the housing market. Real estate developers...

Sensex, Nifty Tumble After RBI Holds Rates

August 8, 2024 15:59

Indian stock markets fell after the Reserve Bank of India kept interest rates unchanged, citing persistent food inflation. Sensex and Nifty closed nearly 1 percent down.

Rupee Falls 1 Paisa to 83.96 vs US Dollar: RBI Holds Rates

August 8, 2024 15:54

The Indian rupee edged lower against the US dollar, closing at 83.96, as RBI kept interest rates unchanged. Weak domestic markets, rising oil prices, and FII outflows weighed on the rupee.

RBI Governor: Top-up Housing Loans Not System-Wide Issue

August 8, 2024 13:33

RBI Governor Shaktikanta Das says surge in top-up housing loans is not a system-wide issue but confined to few entities, urging banks to adhere to regulatory prescriptions.

Reserve Bank of India Monetary Policy Highlights - August 2023

August 8, 2024 12:20

The Reserve Bank of India retained the benchmark interest rate at 6.5% for the ninth time. Other highlights include GDP growth forecast, inflation projection, and measures to boost digital lending...

RBI Retains Growth, Inflation Projections at 7.2%, 4.5% for FY25

August 8, 2024 12:14

The Reserve Bank of India (RBI) has retained its growth and inflation projections for the current fiscal year at 7.2% and 4.5% respectively, citing a normal monsoon and improved economic activity....

RBI Governor's Concerns on Deposit Growth and Innovative Products for Banks

August 8, 2024 11:51

RBI Governor Shaktikanta Das expresses concern over deposit growth, urging banks to use innovative products and services to attract funds. He also emphasizes the need for stricter monitoring of...

Sensex, Nifty Tumble After RBI Holds Rates

August 8, 2024 11:33

Indian stock markets fell after the Reserve Bank of India kept interest rates unchanged, citing stubborn food inflation. Sensex and Nifty tumbled, driven by foreign fund outflows and weak US markets.

RBI to Create Repository of Digital Lending Apps

August 8, 2024 11:30

The Reserve Bank of India (RBI) proposes a public repository of digital lending apps to curb unauthorized players and enhance digital payments through UPI.

India's Forex Reserves Hit Record High of $675 Billion - RBI Governor

August 8, 2024 11:28

India's foreign exchange reserves reached a record high of USD 675 billion on August 2, according to RBI Governor Shaktikanta Das. The previous high was USD 670.857 billion on July 19.

RBI Holds Repo Rate at 6.5% for 9th Time, Citing Food Inflation

August 8, 2024 10:17

The Reserve Bank of India (RBI) has maintained the repo rate at 6.5% for the ninth consecutive time, citing concerns over elevated food inflation. The MPC will continue to monitor the situation.

Sensex, Nifty Decline Ahead of RBI Policy Decision

August 8, 2024 10:01

Sensex and Nifty fell in early trade on Thursday, driven by foreign fund outflows and weak US markets, ahead of the RBI's monetary policy decision. Key indices and market trends are discussed.

Rupee Steady Ahead of RBI Policy: Focus on Inflation

August 8, 2024 09:44

Rupee trades in a narrow range against the US dollar as markets await the RBI's monetary policy outcome, with focus on inflation and recent economic events.

RBI to Hold Rates, Confident on Inflation Target - Report

August 7, 2024 21:12

The Reserve Bank of India is expected to keep interest rates unchanged at its upcoming policy review, but may express greater confidence in reaching its 4% inflation target. HSBC expects the RBI to...

Rupee Weakens 4 Paise to 83.96 Against US Dollar

August 7, 2024 15:59

The Indian rupee closed 4 paise lower at 83.96 against the US dollar on Wednesday, influenced by a stronger US dollar and geopolitical tensions.

Rupee Steady Against US Dollar in Early Trade

August 7, 2024 10:00

Indian rupee traded in a narrow range against the US dollar on Wednesday, supported by positive domestic equities but countered by a stronger greenback. The local currency opened at 83.86 but...

RBI Appoints Rohit Das to Canara Bank Board

August 6, 2024 22:26

The Indian government has appointed Rohit Das as RBI nominee director on the board of Canara Bank, replacing R Kesavan. Das brings over 26 years of experience in banking.

IIFL Finance Q1 Profit Down 28% to Rs 338 Cr - RBI Gold Loan Ban Impact

August 6, 2024 20:06

IIFL Finance reports a 28% decline in Q1 FY25 profit to Rs 338 crore, attributed to the RBI ban on its gold loan business. Total income rose, but expenses and NPAs increased.

Govt Continues Interest Subvention for Farmers - KCC Loans

August 6, 2024 19:58

The Indian government has extended the interest subvention scheme for KCC loans, offering farmers a 7% interest rate and additional benefits for timely repayment. This scheme aims to support...

UPI Credit Disbursement Hits Rs 10,000 Cr Monthly

August 6, 2024 19:56

India's Unified Payments Interface (UPI) sees a surge in credit transactions, with Rs 10,000 crore disbursed monthly. Credit card features and pre-sanctioned lines drive growth.

UPI Global Expansion: Govt, RBI Initiatives - News

August 6, 2024 18:19

India's government and RBI are actively expanding the global reach of UPI, now available in 7 countries. Learn about their initiatives and the future of UPI.

Banks Write Off ₹9.90 Lakh Cr Loans in 5 Years: Parliament

August 6, 2024 17:32

Indian banks have written off ₹9.90 lakh crore worth of loans in the last five years, with the highest write-off occurring in 2019-20. Despite this, banks continue to pursue recovery actions.

Sensex Falls 166 Points, Nifty Below 24,000: Stock Market Update

August 6, 2024 17:05

Indian stock markets ended lower on Tuesday, with the Sensex losing 166 points and Nifty settling below 24,000 due to selling in banking and telecom stocks. Read more.

RBI Monetary Policy: No Rate Hike Expected Amid Inflation Concerns

August 6, 2024 16:20

Reserve Bank of India's Monetary Policy Committee is expected to keep interest rates unchanged due to inflation concerns and steady economic growth. Experts anticipate the MPC to maintain its...

Stock Markets Close Lower: Nifty Below 24,000

August 6, 2024 16:05

Indian stock markets ended lower on Tuesday, with Sensex losing 166 points and Nifty closing below 24,000 due to selling in banking and telecom stocks. RBI is expected to maintain current interest...

Rupee Recovers From All-Time Low, Closes Higher at 83.93/USD

August 6, 2024 16:03

The Indian rupee rebounded from its all-time low, closing 16 paise higher at 83.93 against the US dollar on Tuesday, driven by suspected intervention by the Reserve Bank of India.

PSU Bank Fraud Compensation Up 3x to Rs 140 Cr in FY24

August 6, 2024 15:40

Public sector banks in India saw a significant increase in fraud compensation payouts to customers, reaching Rs 140 crore in FY24. Learn about the reasons and the liability of customers in case of...

Bajaj Housing Finance, Manba Finance 'More Get Sebi IPO Nod

August 5, 2024 19:03

Bajaj Housing Finance, Manba Finance, Baazar Style Retail, Diffusion Engineers, and Deepak Builders get Sebi's approval for IPOs. Learn more about the details of each IPO.

Stock Market Crash: Investors Lose Rs 15.32 Lakh Crore

August 5, 2024 18:16

Indian stock market plunges, wiping out Rs 15.32 lakh crore in investor wealth due to global market turmoil, recession fears, and rising interest rates.

RBI Proposes Model Risk Management for Credit

August 5, 2024 17:47

Reserve Bank of India (RBI) proposes regulatory principles for managing model risks in credit for banks and other regulated entities, emphasizing prudence and robustness in credit management.

Rupee Hits All-Time Low at 84.03 vs US Dollar

August 5, 2024 16:01

The Indian rupee tumbled 31 paise to close at an all-time low of 84.03 against the US dollar on Monday, driven by global market sell-off and geopolitical tensions.

ATM/Credit Card Frauds Surge: Rs 177 Cr Lost in FY24

August 5, 2024 15:26

India witnessed a significant rise in ATM/credit card and internet banking frauds, with over Rs 177 crore lost in FY24. Learn about customer liability and reporting mechanisms.

StepChange: GRI & IFRS Certified ESG Software for Net-Zero

August 5, 2024 13:23

StepChange, a leading ESG software firm, wins GRI and IFRS certifications, offering solutions to help enterprises achieve net-zero emissions and manage climate risk.

Boost India's E-Commerce Exports to $350 Billion: GTRI Recommendations

August 5, 2024 11:10

GTRI recommends reforms in customs, banking, and incentives to boost India's e-commerce exports to $350 billion by 2030. Learn about their key recommendations for growth.

India Economy to Grow 7-7.2% in FY25: Deloitte

August 5, 2024 11:08

Deloitte forecasts India's economy to grow at 7-7.2% in FY25, driven by robust fundamentals and policy reforms. The report highlights key factors like increased rural spending and shifts in...

RBI to Keep Interest Rate Unchanged at 6.5% - Experts

August 4, 2024 14:27

Experts predict the Reserve Bank of India will maintain the key interest rate at 6.5% on Thursday, citing inflationary pressures and a need for more macroeconomic data before considering a rate...

RBI Rate Decision & Global Trends to Drive Market: Analysts

August 4, 2024 10:01

Analysts predict market trends this week will be influenced by the RBI's interest rate decision, global trends, macroeconomic data, and foreign investor activity.

Atmanirbhar: Efficient Import Substitution Key - Former RBI Governor

August 3, 2024 16:59

Former RBI Governor C Rangarajan warns against inefficient import substitution, advocating for a cost-effective approach to 'Atmanirbhar Bharat' and prioritizing job creation.

Ex RBI Chief Warns Against Inefficient Import Substitution

August 3, 2024 16:53

Former RBI Governor C Rangarajan cautions against inefficient 'import substitution' in India's 'Atmanirbhar' drive, emphasizing the need for cost-effective solutions. He also highlights the...

Indian Stock Market Plunges Rs 4.4 Lakh Crore: Sensex Tanks 1%

August 2, 2024 19:37

Indian equity investors lost Rs 4.46 lakh crore on Friday as the Sensex slumped 1.08% amid global market concerns about US economic growth and inflation.

Finance Minister to Address RBI Board on Aug 10

August 2, 2024 18:31

Finance Minister Nirmala Sitharaman will address the Reserve Bank of India's central board on August 10, discussing key points of the Budget FY25, including fiscal consolidation roadmap.

India's Forex Reserves Drop to USD 667.386 Billion - RBI Data

August 2, 2024 17:34

India's foreign exchange reserves declined by USD 3.471 billion to USD 667.386 billion in the week ended July 26, according to the Reserve Bank of India (RBI).

Rupee Closes Lower at 83.75 Against US Dollar

August 2, 2024 15:52

The Indian rupee settled 2 paise lower at 83.75 against the US dollar on Friday, negated by sell-offs in domestic and global equity markets. Learn more.

MFI Sector Lowers Rates, Demonstrating Maturity - MFIN

August 2, 2024 13:51

Microfinance Industry Network (MFIN) reports a reduction in interest rates by microfinance entities, attributed to efficiency gains and responsible lending practices. Learn more about the sector's...

Micro Lenders Cut Rates: RBI Flags 'Usurious' Charges

August 1, 2024 17:25

Microfinance institutions have cut loan interest rates and adopted guardrails following RBI's concerns about 'usurious' charges. MFIN, the industry body, says members have reduced rates by 1.50%...

Moody's: Tighter Bank Liquidity Norms Credit Positive

August 1, 2024 17:23

Moody's says RBI's proposed tightening of liquidity requirements for banks is credit positive, despite potential impact on credit growth and deposit costs.

India to Monitor Prices of 38 Food Items Daily: Govt

August 1, 2024 15:09

India's government will monitor daily wholesale and retail prices of 38 essential food commodities to stabilize rates and make policy interventions. The move aims to combat inflation and ensure...

RBI Draft Rules on AePS Operators to Prevent Frauds

July 31, 2024 22:02

The Reserve Bank of India has released draft rules on Aadhar-enabled Payment System (AePS) touchpoint operators to prevent fraud. The rules include due diligence requirements and transaction limits...

Software Glitch Halts Cooperative Bank Transactions

July 31, 2024 20:28

A software issue has disrupted online transactions for nearly 300 banks in India, primarily cooperative banks, for three days. The National Payments Corporation of India (NPCI) suspects a...

Sensex Hits Record High: Metal, Power Shares Gain

July 31, 2024 17:24

Indian stock markets rise for the fourth consecutive day, driven by gains in metal, power and select auto shares, ahead of the Fed's interest rate decision.

Rupee Closes 1 Paisa Higher at 83.72 vs US Dollar

July 31, 2024 16:12

The Indian rupee closed 1 paisa higher at 83.72 against the US dollar on Wednesday, supported by positive domestic equities but offset by month-end dollar demand from importers.

Stock Market Rises for 4th Day: Metal, Power Shares Gain - PTI

July 31, 2024 16:10

Indian stock markets closed higher for the fourth consecutive day, with metal, power, and select auto shares driving gains. Sensex and Nifty hit all-time closing highs.

India GDP Growth Forecast Upgraded to 7.5% by Ind-Ra

July 31, 2024 12:27

India Ratings & Research (Ind-Ra) has revised its GDP growth forecast for FY25 to 7.5%, citing improved consumption demand. The agency expects PFCE to grow to 7.4% in FY25.

SIDBI Partners C2treds, UGRO for MSME Loans

July 30, 2024 20:08

SIDBI collaborates with C2treds and UGRO Capital to facilitate loans to MSMEs, boosting liquidity and supporting growth in the sector.

RBI Enhances Payment System Security with New Norms

July 30, 2024 19:48

The Reserve Bank of India (RBI) has introduced new regulations for non-bank payment system operators to enhance security and combat fraud. These measures include real-time fraud monitoring, session...

Company Name
Price
Volume

Vodafone Idea L
13.14 ( -2.88)
33337289

GACM Technologies
1.59 (+ 2.58)
31438119

YES Bank Ltd.
23.83 (+ 3.70)
28312544

GTL Infrastructure
2.61 (+ 4.82)
27648993

Rajnish Wellness
3.45 ( -3.36)
16876969

Accel Atoms 4.0: USD 1 Million for AI 'Bharat'...

Accel Atoms 4.0 offers up to USD 1 million funding to pre-seed startups focused on AI...

Consumption Loan Portfolio Up 15% to Rs 90 Lakh...

India's consumption loan portfolio grew by 15.2% YoY to Rs 90.3 lakh crore as of March...

Stashfin Parent Offers Rs 10,000 NCDs - Fintech...

Stashfin's parent company AKARA Capital becomes the first fintech NBFC to offer NCDs at...

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