IndusInd Bank's CEO Sumant Kathpalia resigns amid a Rs 1,960 crore derivatives accounting scandal, taking moral responsibility for the lapse. An independent probe revealed misaccou...
India's foreign exchange reserves have increased by $8.31 billion to $686.145 billion, marking the seventh straight week of growth. The rise includes significant gains in foreign c...
Nomura forecasts the Indian Rupee strengthening to 84 against the US Dollar by December 2025, driven by a weaker dollar index and strong economic inflows. The RBI's dollar acquisit...
India's trade position shows resilience as the RBI considers a third rate cut to bolster economic growth, amidst global trade challenges and optimistic market sentiments.
India's forex reserves have increased for the sixth consecutive week, reaching $677.835 billion, driven by growth in foreign currency assets and gold reserves. This strengthens Ind...
India's foreign exchange reserves increased by $1.567 billion to $677.835 billion, marking the sixth consecutive week of growth. Gold reserves and foreign currency assets also saw ...
India's retail inflation dropped to 3.34% in March 2025, the lowest in nearly six years, driven by lower prices of vegetables and protein-rich foods. Food inflation also eased sign...
Following the RBI's recent rate cut, SBI has reduced its deposit rates by 10bps, affecting select tenors and potentially lowering borrowing costs. The move aligns with broader mone...
SBI reduces lending rates by 25 bps following RBI's rate cut, aiming to boost economic growth amid US tariff concerns. Revised rates effective from April 15, 2025, with adjustments...
Banks are seeking the authority to freeze accounts involved in cyber fraud without prior authorization to combat the misuse of mule accounts for laundering illegal funds. Proposals...
Forex reserves in India have risen for the fifth consecutive week, reaching $676.3 billion amid a global decline in the dollar value. The increase is attributed to RBI's dollar pur...
Following the RBI's repo rate cut, Indian Bank reduces its Repo Linked Benchmark Lending Rate by 0.35%, effective April 11, 2025, to lower borrowing costs and stimulate loan demand...
The Indian rupee fell sharply by 103 paise in two days, pressured by a weaker yuan and a stronger dollar. Experts discuss the factors behind this decline and its potential impact o...
The benchmark 10-year bond yield in India has fallen below 6.5% for the first time in over three years, driven by easing liquidity, government borrowing strategies, and rupee stabi...
President Droupadi Murmu calls on RBI and banks to enhance measures against increasing e-fraud and cyber threats, emphasizing the importance of trust and security in India's financ...
The Income Tax Department in India will keep its offices open from March 29 to March 31, 2025, to help taxpayers with last-minute filings before the fiscal year ends. Despite holid...
India discontinues medium and long-term gold deposit options under its Gold Monetisation Scheme from March 2025, shifting focus to short-term deposits based on bank discretion.
India's forex reserves have increased by $305 million to $654.3 billion, marking a significant economic milestone. This growth highlights the country's economic resilience and robu...
The RBI has announced a final redemption price of Rs 8,634 per gram for the Sovereign Gold Bond 2016-17 Series IV, offering a 193% return over eight years. SGBs provide a tax-free ...
IndusInd Bank may have overstated its net interest income, leading to a significant profit hit. An internal review revealed discrepancies in its foreign exchange derivative portfol...
India's foreign exchange reserves surged by $15.27 billion, marking the largest weekly gain in over three years, as per the Reserve Bank of India. This significant increase comes a...
The Reserve Bank of India confirms IndusInd Bank's stability and mandates resolution of discrepancies in its derivatives portfolio by March 31, 2025. The bank faces a potential Rs ...
The Reserve Bank of India reassures the public about IndusInd Bank's financial stability, highlighting its strong capital adequacy and liquidity coverage ratios. An external audit ...
India's foreign exchange reserves surged by $15.3 billion in a week, the largest increase in over three years, driven by RBI's currency swap operations. This strategic move aimed t...
Kerala recorded the highest retail inflation rate in February at 7.3%, with Telangana having the lowest at 1.3%. The National Statistical Office data shows a cooling down of retail...
The Indian rupee appreciated by 24 paise against the US dollar, marking its best weekly performance in over two years. This surge is attributed to the dollar's decline against majo...
India's forex reserves decreased by $1.8 billion to $638.7 billion as of February 28, with foreign currency assets and gold reserves seeing significant reductions. The SDRs, howeve...
RBI deputy governor Swaminathan J emphasizes the importance of empathy towards distressed small businesses, highlighting their crucial role in economic development and the need for...
The Enforcement Directorate investigates Paytm for alleged FEMA violations and foreign funding, revealing investments in Singapore and FDI from overseas without RBI reporting. Payt...
India's forex reserves increased by $4.8 billion to $640.5 billion in the week ending February 21, recovering from a previous week's drop. This follows a period of decline due to r...
The Reserve Bank of India reports a 3.1% increase in the All-India House Price Index for Q3 2024-25, with significant regional variations across major cities. Kolkata leads with 8....
The Indian government is likely to reduce interest rates on small savings schemes like PPF in the next fiscal year following RBI's rate cut. Despite the upcoming review, an immedia...
