BUSINESS
What's holding rupee at 85-86 levels against US dollar?
Experts said that the domestic currency is likely to trade in the range of 85.25 to 86.25 against the US dollar in next few months as geopolitical tensions wanes
BUSINESS
NPAs, capital adequacy to get impacted post amalgamation, says Saraswat Co-operative Bank chairman
On July 1, Saraswat Co-operative Bank has announced its intent to merge crisis-riden New India Co-operative Bank.
BUSINESS
RBI may conduct more VRRR auctions as liquidity remains in huge surplus
Expectations for additional VRRR auctions rose after the liquidity in the banking system remained in huge surplus despite the central bank last week conducting a VRRR auction to remove excess liquidity.
BUSINESS
PSU banks’ 72 board-level vacancies spark concerns over governance, decision-making
Bank of Maharashtra has the highest number of 8 vacant posts, followed by 7 each in Bank of India, Punjab & Sind Bank, and State Bank of India. Union Bank of India has the MD & CEO position vacant since June 3, 2025.
BUSINESS
PSU banks gain favour with states as private lenders fall short on welfare delivery
The Odisha government recently removed HDFC Bank, ICICI Bank, and Axis Bank from the list of banks empanelled for handling business and deposits of state government. Punjab made a similar moves a few weeks ago
INDIA
India records current account surplus in Q4, FY25 deficit narrows to 0.6%
India’s current account surplus had inched up to 1.3 percent of the GDP, compared with 1.1 percent deficit in the previous quarter
WORLD
Foreign investors pull $1 billion from Indian debt in June
FIIs pulled $1.06 billion from Indian debt in June amid global risks and narrowing yield spreads, though short-term bond picks hint at selective optimism.
BUSINESS
RBI brings back 100.32 metric tonnes gold to India from overseas vaults in FY25
The increase in physical gold holdings in India has come at a time of global uncertainty, especially in the world’s largest economy, the US, which has undergone political changes, imposed tariffs, and faces recession risks and a potential economic slowdown.
BUSINESS
India, China trimming US treasury holdings on concerns over US credit rating, rising debt pile
China has reduced exposure to US treasuries by 1.8 percent or $13.5 billion in its portfolio and India cut holdings by 0.4 percent or $1 billion, between April 2024 and April 2025.
BUSINESS
RBI net sold $1.66 billion in spot forex market in April, shows bulletin
In April, the domestic currency was under pressure for few days after the US President Donald Trump announced the imposition of tariffs.
BUSINESS
Several central banks used lower inflation print to cut rates despite growth concerns
In the monetary policy meetings conducted during May-June, most central banks continued to lower policy rates amid heightened macroeconomic uncertainties, RBI bulletin says
BUSINESS
Credit growth unlikely to improve till H2 FY26 despite 100 bps repo rate cut
The cut in the cash reserve ratio is expected to infuse Rs 2.5 lakh crore into the banking system which, banks hope, will improve lending sentiments during the upcoming festival season.
BUSINESS
Rupee surges 77 paise, sees biggest single-day gain in a month as oil prices tumble
Brent crude, the global oil benchmark, plummeted 3.19% to $69.20 per barrel in futures trade as US President Donald Trump announced that Iran and Israel agreed to a ceasefire
BUSINESS
'Meeting-by-meeting' decisions needed, given the uncertainty, says RBI MPC member Saugata Bhattacharya
Given the present, evolving, and likely continued elevated levels of uncertainty, rate actions will have to be based on incoming data and an assessment of the associated macro-financial environment, Saugata Bhattacharya said during an interview.
BUSINESS
Inflation to determine further rate cut trajectory, says RBI MPC member Nagesh Kumar
In view of difficult external circumstances requiring support to economic growth, and a favourable inflationary outlook providing headroom for further rate cuts, the case for a 50 basis points cut in the repo rate had become stronger at the June MPC meeting and hence received wide support, Kumar said in an interview.
BUSINESS
RBI's gold reserves increase by $16.23 billion so far in 2025 amid rising uncertainty
The total gold held by the RBI was 879.58 metric tonnes as of March 31, 2025, compared to 822.10 metric tonnes as of March 31, 2024, reflecting an increase of 57.48 metric tonnes over the year, according to the RBI’s annual report.
BUSINESS
RBI's change in norms for NBFCs led to HDFC- HDFC Bank merger, says Deepak Parekh
The former HDFC chairman said ICICI Bank once made an offer to take over the mortgage lender but it was declined. On a podcast with ICICI Bank’s former chief, Chanda Kochhar, he recalled his most memorable experiences with the banking regulator
BUSINESS
Deepak Parekh bats for SLR cut to free up more funds to lend
The demand for SLR comes after the RBI has cut cash reserve ratio by 100 basis points to improve liquidity
BUSINESS
Indian rupee may breach 87-mark amid heightened global uncertainties
Experts believe that the excessive volatility in the rupee may prompt the Reserve Bank of India (RBI) to intervene in the market to curb volatility. If Indian rupee breaches the 87-mark, it would be first time since mid-March this year that it will touch that level.
BUSINESS
RBI MPC minutes: Members saw strong case for rate cut to aid growth on benign inflation view
Baseline outlook for FY26 inflation largely comfortable. Core CPI trends show underlying inflation pressures contained, says MPC member Rajiv Ranjan
BUSINESS
HDB Financial's MD & CEO explains discounted valuation for the IPO
HDB Financial to raise Rs 12,500 crore through IPO for which bidding will take place between June 25 and June 27
BUSINESS
RBI ramps up scrutiny on treasury operations, derivatives books in private, foreign banks
The central bank has increased scrutiny of the derivatives books of private and foreign banks, sources said. Scrutiny of other banks has increased after the IndusInd Bank earlier this year reported a Rs 1,959.8-crore discrepancy in its derivatives portfolio
BUSINESS
Mumbai Police’s EoW registers fresh case in New India Co-operative Bank for alleged Rs 24.93 cr fraud
The accused bank officials formed a criminal conspiracy and sanctioned loans to Harinder Pal Singh's Percept Group companies to the tune of Rs 77 crore, without completing due diligence, says the complaint
BUSINESS
RBL Bank appoints Yes Bank's Sanjiv Roy to head wealth management business
The bank is also exploring opportunities to partner with a few wealth management companies to start the operations, sources told Moneycontrol
