RBI imposes Rs 91 lakh penalty on HDFC Bank
Navigating the Financial Seas: HDFC Bank’s Regulatory Wake-Up Call The financial world, much like the ocean, has its own set of currents, tides, and, occasionally, ...
‘Corp credit rise may be temporary’
Despite banks raising corporate credit growth forecasts, Icra notes a lack of meaningful revival, attributing a recent uptake to potential pre-rate cut borrowing or overseas ...
Forex update: India’s reserves fall $6.9 bn to $695.35 bn; gold and foreign currency assets decline
India’s foreign exchange reserves experienced a significant decline of $6.93 billion, falling to $695.35 billion in the week ending October 24. This drop was primarily ...
India’s forex reserves cross $700 billion: Value of gold holdings surges; foreign currency assets fall slightly
India’s foreign exchange reserves surged by $4.496 billion to $702.28 billion, primarily due to a significant increase in gold reserves. This rise offset a dip ...
Gold price rally impact: India’s gold reserves cross $100 billion for the first time; share in forex reserves highest since 1996-97
India’s gold reserves have surged past $100 billion for the first time, driven by soaring global prices. Despite the Reserve Bank of India significantly slowing ...
MPC minutes: Policy space exists for rate cut, but this is not the opportune time; says RBI Governor
Reserve Bank of India Governor Sanjay Malhotra indicated that a policy space exists for a future interest rate cut, but stressed the need for the ...
Forex watch: Reserves slip below $700 billion; FCAs decline, gold holdings rise
India’s foreign exchange reserves saw a slight dip of $276 million, settling at $699.96 billion for the week ending October 3. This follows a larger ...
RBI realtime cheque clearance system: Customers complain of delays; bank staff not fully trained
India’s new real-time cheque clearance system is experiencing initial problems. Bank staff are facing challenges with new processes, and technical glitches are slowing down cheque ...
RBI reshuffle: Shirish Murmu takes charge of key departments; central bank realigns deputy governor portfolios
The Reserve Bank of India has reshuffled portfolios among its four deputy governors, assigning oversight of 32 departments. New Deputy Governor Shirish Chandra Murmu will ...
Related party lending rules eased for banks
Lending a Helping Hand: RBI Eases Related Party Lending Rules For years, a shadow has loomed over the banking world: related party transactions. The concern? ...
