Banking

Indian rupee breaches Rs 92 per dollar to hit record low amid Middle East tensions

The local currency was down more than 60 paise on March 4

Chart of the Day | Credit card euphoria fades -- growth slows to a crawl

It appears that unsecured retail lending is no longer running ahead of the system

Can the Middle-East war undo MPC’s hard-won inflation gains?

With the Strait of Hormuz shut and war continuing, the oil shock is no longer just a tail risk for India’s monetary policy

US-Iran conflict: Travel insurance under pressure as over 3,000 flights cancelled

Passengers stranded in transit cities are facing rising accommodation costs and limited onward connectivity options

Iran-US Conflict: Reinsurers assessing tightening of war-risk cover, India's foreign P&I reliance in focus

As war-risk exposures rise across West Asian shipping corridors, reinsurers and global P&I pools are likely reassessing coverage in high-risk regions. For Indian insurers and shipowners, this shift is significant

Hormuz transit costs may rise up to 50% as war-risk premiums spike, $14-bn oil bill exposure for India

Industry estimates cited by the Financial Times indicate that war-risk premiums, which had been around 0.25 percent of a vessel’s value, could increase by up to 50 percent as insurers reassess exposure in the Gulf region

Indian bonds bear brunt of elevated Brent crude prices, traders say volatility for short term

The benchmark 10-year bond yield rose to 6.7042 percent earlier in the day

Rupee’s fall below the Rs 91 per dollar mark sheds light on RBI’s forex reserves

The US-Israeli strikes on Iran and the latter’s retaliation are rattling global crude markets and emerging economies

Indian bonds fall 2 bps due to geopolitical tensions in West Asia

The benchmark 10-year bond yield rose to 6.6833%, as compared to 6.6601% in the previous trading session. Bond yield and prices move inversely

Rupee sinks 20 paise to 91.25 against the dollar as Iran war fuels crude surge

The rupee breaches the 91 dollar mark after crude surged above $76 a barrel. Experts say a move towards 91.80–92 is highly likely

Banking Central | Digital banking frauds are rising. How do we stem the tide?

Everyone from senior citizens to well-educated youth are losing money. What is missing here?

Initial GST probe findings in Fino Payments Bank case point to shell network in illegal gaming: Sources

Sources say DGGI investigation indicates multi-crore evasion involving shell entities and payment aggregators; CEO Rishi Gupta arrested earlier under GST provisions

FM to examine concerns after Pai questions GST action against Fino Payments Bank CEO

Mohandas Pai calls arrest of Fino Payments Bank MD ‘overreach’, seeks safeguards against misuse of GST powers

Fino Payments Bank MD & CEO Rishi Gupta arrested under GST acts; CFO takes interim charge

Fino Payments Bank said that following Gupta’s arrest, Chief Financial Officer Ketan Merchant has been appointed as the Head of the Organisation

Indian bonds open 1 bps lower, traders eye Rs 32,000 crore bond auction

The benchmark 10-year bond yield rose to 6.7062 per cent

Indian rupee opens 5 paise lower at 90.96, likely RBI action eyed

The local currency has moved in a narrow range throughout the week

Rs 590 crore fraud at IDFC First Bank brings govt-banking partnerships into focus

The recent IDFC First Bank fiasco is not the first instance where the relationship between government departments and private banks has soured 

Indian bonds edge up 1 bps after strong state debt auction boosts sentiment

The benchmark 10-year bond yield fell to 6.6684 percent

BofA’s vision for India aligned with global priorities: Vikram Sahu, India CEO, Bank of America

Where our differentiation becomes most visible is when clients go beyond a single market. Competing with major domestic banks purely for local business is not our model: BofA India CEO

Rupee gains 11 paise to 90.84 in early trade on softer dollar

RBI action was likely seen to prevent the rupee from falling beyond Rs 91 per dollar

Bond yields ease as higher-than-expected state bond demand boosts sentiment

The benchmark 10-year bond yield was trading at 6.67 percent against previous day’s 6.68 percent

Data Story: Why banks are back as main funding source for firms

NBFCs have lost a big chunk of their share in funding because of higher borrowing costs for themselves.

Rupee almost unchanged at 90.94 against the dollar, likely RBI action eyed

Traders expect the rupee to continue to move in a range-bound manner

India needs more actuaries as it moves to risk-based capital, IFRS convergence, says Irdai chairman Ajay Seth

The shortage of actuarial talent poses a challenge as India strengthens its financial protection architecture and aligns with global regulatory and accounting frameworks, Seth has said

Indian bonds open 1 basis point higher; state government debt fundraising in focus

The benchmark Indian bond yield was trading at 6.7035 percent, as compared to 6.71 percent in the previous session.