Indian rupee eyes flows, RBI; bond yields seen lower in last week of fiscal 2025
The Indian rupee's direction this week will be determined by the continuation of dollar inflows and the degree to which the ...
India's IndusInd taps Grant Thornton for fraud checks in accounting case, sources say
India's IndusInd Bank has appointed Grant Thornton to conduct a forensic review into accounting lapses detected this month ...
India's IndusInd Bank chiefs urged to step down, sources say; bank denies report
The Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses ...
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New India Co-op Bank Case: Cops question RBI on audit lapses, more queries likely
The New India Co-op Bank has been under scrutiny since February. The RBI imposed strict restrictions on the Mumbai-based bank ...
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Bank Strike March 2025 Update: Are Banks Closed Today On March 24?
The nationwide bank strike scheduled for March 24-25, 2025, has been indefinitely postponed. Banks will remain open today.
P2P lending slows as RBI move clouds future of key players
The peer-to-peer (P2P) lending sector has experienced a significant slowdown over the past year as the Reserve Bank of India ...
Indian rupee rally, lower hedging costs to spur corporate interest in central bank's FX swap
The Indian rupee's recent rally and a sizeable decline in hedging costs are expected to catalyze the participation of ...
India's forex reserves rises by $305 million to $654.271 billion
Gold reserves saw a surge of $66 million to $74.391 billion. Meanwhile, SDRs for the above-mentioned week increased by $51 million to stand at $18.26 billion. Reserve position in the IMF was up by ...
Bank holidays next week: Banks in THESE cities to be closed for up to three days; check details
Banks are closed across India on national holidays like Independence Day, Republic Day and Gandhi Jayanti. Apart from this, ...
How US has become India’s biggest source of remittances
As per the Reserve Bank of India’s latest survey of remittances, advanced economies have replaced the Gulf nations as India’s ...
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RBI Enforces Penalties on Citibank and IDBI Bank for Regulatory Lapses
The Reserve Bank of India penalized Citibank N.A. Rs 36.28 lakh for violations under the Liberalised Remittance Scheme and ...
India's forex reserves rise to $654.27 billion as of March 14
India's forex reserves rose to $654.27 billion for the week ending March 14, 2025, a $300 million increase from the previous ...