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Banking shares don’t seem to be fully reflecting the challenges of lenders this year.
The currency opened at 87.82 against the dollar, 23 paise up from the previous close
The food inflation trajectory has quietly reshaped India’s CPI landscape so far this year.
Systemic credit growth stood at 10.03 percent year-on-year in the fortnight ended August 22, signalling that banks are ramping up credit ahead of the festival season amid rate cuts and expected consumption boost following GST regime overhaul.
The move will curb the AUM growth to 20-23% this fiscal from the previously projected 25-30%, president and CFO Arul Selvan has said
According to the Clearing Corporation of India’s (CCIL) data, FPI investment in G-sec under FAR route increased to Rs 3.01 lakh crore in this week, as compared to Rs 2.99 lakh crore last week.
The company is eyeing dollar bond issuances after 2027
The dollar index eased further as the US Federal Reserve begins two-day policy meeting with expectations of a larger-than-expected rate cut
Unlike India, mobile banking apps have become the go-to apps for financial services across the globe. In India, payment apps are bigger than neobanking apps as the lack of regulatory approval hinders the latter’s growth
Serial investor Shah, was upbeat about the prospects of the new products, especially the Sovereign gold card. “Take a good look because you will probably not see it. Most people will not get it.”
Utkarsh, which closed FY25 with a net profit of Rs 24 crore, slipped into losses in the Q1 FY26. ESAF’s losses widened in FY25 and it also posted a loss in Q1
While the rupee had already been weakening since late last year, most of the heavy depreciation and record lows have come in the current fiscal.
Dollar held steady ahead of a pivotal week filled with central bank decisions led by the Federal Reserve, while the euro hardly reacted to Fitch's downgrade of France's credit rating.
Indian rupee depreciated to 88.2787 against the greenback at close on September 12, from 85.5137 on April 2, registering a fall of 2.77
The RBI has been warning for years, flagging the role of cryptocurrency in laundering, terror finance and tax evasion
Headline CPI edges up to 2.07% after 10 straight months of decline, but GST relief and food deflation argue for further easing
Compensation cess on automobiles will cease to exist effective September 22.
In a statement, the RBI said a statutory inspection of the company was conducted by the central bank with reference to its operations for the period from October 2023 to December 2024
Policyholders now have to the option to lock in tax savings on new insurance and renewals, with insurers offering the option to buy zero-GST policies ahead of September 22 rollout.
There are at least four major instances of death noted in the banking sector since the start of this fiscal. Two are natural deaths and two suicides. The common thread is that these were mid- to senior-level seasoned executives and may have been under tremendous work pressure
A day earlier, the rupee touched a record low of 88.4563 against the dollar due to strong demand from oil and gold importers
Lenders may soon get powers to remotely disable devices bought on credit, raising questions over consumer rights and data privacy.
Indian rupee has been under pressure since the imposition of the tariffs by the US President Donald Trump. The currency further depreciated after the tariffs were increased to 50 percent.
We have no immediate need to raise funds. We have few years before the IPO mandate kicks in; there is ample time to plan, Bindra said
The Reserve Bank of India has in recent past intervened to arrest the slide in rupee, and market participants believe the central bank may again get active by selling dollars to ease volatility.
