FCNR(B) scheme could yield Rs 5.5 trillion notional profit for banks, RBI: SBI ResearchSBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of signif...
India's forex reserves drop by $4.9 billionIndia's foreign exchange reserves faced a considerable downturn last week, plunging by $4.9 billion to a total of $780.7 billion. This decr...
Maldives repays USD 150 million loan to IndiaThe Maldives has repaid a USD 150 million loan to India by settling the final tranche this week. The State Bank of India had subscribed to ...
India bore USD 45 million interest as Maldives clears USD 150 million facility: MEAIndia covered approximately USD 45 million in interest payments over five years. Malé fully repaid the USD 150 million Treasury bill facili...
Yen weak ahead of BOJ decision; rate hike expectedThe yen dipped against both the dollar and euro as investors speculated about a potential interest rate hike by the Bank of Japan. Recent i...
Dollar bonds to lose some lustre as US yields surgeOverseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher ...
No cornstarch? Use 2 tbsp all-purpose flour for every 1 tbsp cornstarch when you need a quick pantry substitute for thickening foodStarch gelatinization plays a pivotal role in thickening sauces and gravies. When it comes to thickening agents, cornstarch outperforms flo...
Meet Mercer Henderson, the 13-year-old tech entrepreneur who created digital products and turned app purchases into donations for nonprofit organizationsMercer Henderson, a young entrepreneur, developed innovative apps like Audiots and FriendIts. Audiots allowed users to add sounds to emojis...
Softer oil buoys India bonds after Fed hikeIndian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential ...
Pakistan to seek bigger China swap line as $30 billion facility nears renewalPakistan plans to request an increased swap line with China upon its 2027 expiration. The nation anticipates a U.S. response regarding a pr...
SoftBank CDS hovers near 3-year high on OpenAI funding concernsSoftBank has committed to invest $64.6 billion in OpenAI. The ChatGPT creator is holding early talks with investors about a fresh funding r...
HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT CityHSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through t...
RBI opts for sharp liquidity drain through $10.5 billion debt saleThe Reserve Bank of India is set to issue bonds valued at one trillion rupees to help manage surplus liquidity in the banking sector. This ...
India 10-year yield tops 7% as oil rout extends losses into fourth weekIndian government bonds dipped this week due to a spike in oil prices, alongside a decline in global debt markets significantly affecting T...
SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surgeState Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed...
Feeling hungry soon after meals? Delhi nutritionist shares 7 simple food swaps to add more fibre to your dietDelhi nutritionist Lovneet Batra shares practical food swaps that can enhance your fibre intake. By incorporating greens into your eggs, yo...
RBI uses currency swaps to cut $115 billion cash surplusIndia's central bank is draining excess cash from banks using currency swaps. This action follows record high funds in the financial system...