Tata Sons announces a significant IPO for Tata Capital, aiming to raise over ₹17,000 crore. The move will dilute Tata Sons' stake by 10%, with proceeds aimed at growth and balance ...
The Indian government is moving forward with the sale of its stake in IDBI Bank, aiming to shortlist a final bidder by the end of the financial year. The sale involves a 60.7% stak...
India's foreign exchange reserves increased by $2.7 billion to $698.1 billion, with significant contributions from gold and SDR holdings. The RBI's latest data highlights the resil...
The Institute of Chartered Accountants of India (ICAI) is collaborating with regulators to develop an early-warning mechanism to prevent financial fraud, focusing on listed compani...
India's digital payments index grows by 10.7% in FY25, as per RBI, highlighting significant advancements in payment infrastructure and performance, marking a leap towards financial...
Savings deposit rates at some public sector banks have reached historic lows post-2011 deregulation, with a significant decline in domestic term deposit rates for fresh deposits ac...
Paytm has reported a net profit of Rs 123 crore in Q1FY26, marking a significant turnaround after two quarters of losses. The fintech company attributes this success to cost manage...
India's foreign exchange reserves dropped for the second week in a row, decreasing by $3.06 billion to $696.67 billion, with significant reductions in foreign currency assets and g...
India's foreign exchange reserves fell by $3.064 billion to $696.672 billion, marking a second consecutive weekly decline. The drop was mainly due to decreases in foreign currency ...
India's WPI inflation for June 2025 turned negative at -0.13%, driven by deflation in food and fuel sectors, with vegetables plummeting by 22.65%. The RBI's recent rate cut to 5.50...
India's foreign exchange reserves declined by $3.049 billion to $699.736 billion in early July, with foreign currency assets dropping sharply. However, gold reserves and SDRs saw a...
A BCG report highlights that low interest rates alone don't drive credit growth in India, emphasizing the importance of borrower sentiment and lender confidence. It also points out...
India's foreign exchange reserves rose by $4.553 billion to $690.617 billion, driven by a significant increase in gold assets. The RBI's active management and the impact of currenc...
IndusInd Bank has admitted to a Rs 674 crore accounting lapse in its microfinance portfolio, reversing the amount in Q4FY25. The issue, uncovered by a whistleblower, led to resigna...
Central banks globally, including India's RBI, are significantly increasing their gold reserves as a hedge against inflation and economic uncertainties, with holdings growing from ...
India's foreign exchange reserves decreased by $2.06 billion, ending an eight-week growth streak. The total reserves now stand at $686.06 billion, with mixed trends in its componen...
Sumitomo Mitsui Banking Corp is nearing a historic acquisition of Yes Bank, potentially the largest banking M&A deal in India. The deal involves negotiations with SBI and other sta...
Sebi has notified the Supreme Court about regulatory violations by Indiabulls Housing Finance, now Sammaan Capital, involving the Sebi (LODR) Regulations, 2015. An administrative w...
The rupee briefly touched a six-month high against the dollar, attributed to strong portfolio inflows and RBI's intervention. Forex reserves hit $688.13 billion, marking the eighth...
India's foreign exchange reserves increased by $1.983 billion to $688.129 billion, marking the eighth consecutive week of growth. The rise was led by an increase in foreign currenc...
Indians are pledging more gold than ever, with outstanding bank loans against gold more than doubling in a year, even as overall bank credit growth slows. This surge is driven by R...
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...
