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Complying with RBI's directive could raise concerns about client confidentiality and lead to jurisdictional complications with other monetary authorities
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Two Telangana irrigation SPVs face potential NPA classification as REC flags overdue repayments, raising concerns over state-backed off-budget borrowing and its impact on PSU lenders
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On June 27, China confirmed that it had reached a trade deal with the United States. The country’s Ministry of Commerce outlined the details of the trade framework during a press briefing in Beijing.
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The banking sector must clean up its act on mis-selling financial products, the RBI has cautioned
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Sources say the board refused to ratify certain consultancy payments incurred by the bank, which resulted in differences between the CEO, another senior official, and the board
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Every week’s borrowing amount is ranging between Rs 15,000 crore to Rs 26,000 crore.
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During 2024-25, the net claims of non-residents declined by $31.2 billion on the back of higher rise in India’s external financial assets ($105.4 billion) vis-à-vis external financial liabilities ($74.2 billion), RBI data showed.
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The external debt-to-GDP ratio increased to 19.1 percent as of end-March 2025 from 18.5 percent as of end-March 2024, the RBI data showed.
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A host of issues has gone against the company. However, the key takeaway is that being a part of a big house alone is not enough to sell a story to investors
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Composite licensing could help attract greater foreign direct investments, as it would encourage global health insurance experts to enter the Indian market, Satishwar says
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The market-linked insurance product, which requires a starting monthly premium of just Rs 1,000, blends investment and insurance, the company has said
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The move will reduce surplus liquidity in the banking system and could push up rise in overnight rates
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The dollar index was trading at 97.266 in the morning
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Public sector banks now dominate the CD market, signalling shifting liquidity dynamics and raising questions on long-term funding strategies
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All 12 public sector banks had earned a total profit of Rs 1.41 lakh crore in FY’24.
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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.
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Donald Trump's comments on replacing Fed chief Jerome Powell saw the dollar index falling to over three and half years' low of 97.31
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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.
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Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says
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The Iran-Israel conflict, which intensified in mid-June, has reversed the short-lived optimism spurred by temporary tariff freezes and trade deals earlier this year, bulletin said
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High-frequency indicators of aggregate demand for May suggested a pick-up in rural demand, especially given the strong performance of the agricultural sector, RBI bulletin says
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In April, the domestic currency was under pressure for few days after the US President Donald Trump announced the imposition of tariffs.
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In the monetary policy meetings conducted during May-June, most central banks continued to lower policy rates amid heightened macroeconomic uncertainties, RBI bulletin says
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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.
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The trading hours for government bonds, foreign exchange and interest rate derivative markets have been left unchanged.
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The senior-level churn follows an internal audit of the bank’s micro-finance portfolio, which is being conducted by IndusInd Bank’s internal audit team with support from global consultancy firm EY.
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The rupee was holding the previous day's gain when it closed 77 paise up at 85.98 as crude tumbled following the Israel-Iran ceasefire
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Oil price shocks extend beyond fuel costs and have broader impact on the economies
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The tie-up is part of Equitas SFB's strategy to offer holistic financial solutions encompassing savings, investments, and insurance.
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The VRRR is announced when the liquidity in the banking system remains more than Rs 2 lakh crore in the banking system and higher surplus funds are being parked by the banks in RBI’s standing deposit facility (SDF)
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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
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The share of new-to-credit customers in originations continued to decrease with lenders becoming cautious.
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Trademark licence with HDFC Bank is revocable and ends when HDB ceases to be a subsidiary or by July 1, 2028 as per IPO documents. The DRHP points to funding and brand reliance, intra-group competition risks.
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The Centre for Advanced Financial Research and Learning is an independent research and learning institute, which was set up by RBI in 2011
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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.
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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.
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The bank may have extended loans to husbands of some MFI borrowers to ensure that the loans didn’t turn bad, The practice, flagged during an audit, has since been stopped
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As the world scrambles to decode the uncertain status of the Iran-Israel conflict, India’s rate-setting panel may have to rethink its dovish stance amid oil shock risks.
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The currency opened at 86.1050 against the US dollar as compared to 86.7525 against the greenback at previous close.
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The broader consensus among investors seems to be that income growth among the population needs to improve for real credit demand to pick up.
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ULI is being developed as a digital public infrastructure to expedite and simplify the loan disbursal process for MSMEs by allowing lenders to verify key documents and borrower credentials in real time.
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The post of MD & CEO, Canara Bank carries Pay Scale of Rs 2,05,400 - Rs 2,24,400/- [Level 16] plus allowances as admissible to Chief Executive of Public Sector Banks from time to time, release said.
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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.
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RBI’s new project finance rules ease banking fears but demand sharper discipline.
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The US dollar was stronger on higher investor demand in response to the rising geopolitical risks following US President Trump's strikes on Iran's nuclear facilities. Some currency market told Reuters that the rise in oil prices following the US action was milder than expected, with markets choosing to wait and see to what extend Iran would respond.
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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
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Brent was trading at $78.16 a barrel, up $1.15 or 1.49 percent from previous close of $77.01
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Regulators are also examining discrepancies, if any, between the audio recordings of board meetings and the written minutes
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If a rate cut happens at all, it will likely come only by year-end, once the effects of already-taken rate actions play out fully. The MPC needs time to assess the impact of its front-loaded moves.
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The demand for SLR comes after the RBI has cut cash reserve ratio by 100 basis points to improve liquidity
