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Banks pay 7% on dollar deposits as India seeks fresh foreign currencyIndian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new ...
Muted returns on market bets steer funds back to banksAs per RBI data, bank deposits stood at Rs 256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the...
Vedanta readies $5.2 billion refinancing after rating upgradesAnil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower...
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
CBI conducts searches in Rs 661 crore IDFC First Bank-AU Finance Bank fraud caseCBI conducted searches at six locations in Chandigarh, Panchkula, and Delhi-NCR in connection with an alleged Rs 661 crore fraud. The probe...
Gautam Adani becomes Asia's richest person again; overtakes Mukesh Ambani, Softbank's Masayoshi SonGautam Adani has regained the title of Asia’s richest person after a rally in Adani Group stocks lifted his net worth to $89.2 billion. The...
Nancy Guthrie case update: Can the case be solved without a body? Expert weighs inA veteran prosecutor suggests the Nancy Guthrie case can move forward even without a body. Authorities are investigating the disappearance ...
IDFC First Bank fraud was isolated case involving collusion: KPMGA forensic review has confirmed a Rs 646 crore fraud at IDFC First Bank's Chandigarh branch was an isolated incident. The fraud involved co...
RBI policy press conference: Here's everything that came up for discussionThe Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies ...
Weak monsoon may impact rural demand, private consumption: RBI governor Sanjay MalhotraReserve Bank of India Governor Sanjay Malhotra anticipates a potential impact on rural demand and private consumption due to a projected mo...
Talent fight heats up in India finance hub as two chiefs quitGIFT City, India's international finance hub, is experiencing intense competition for talent as two foreign bank chiefs have recently resig...
Currency, bond markets await RBI cues from MPC meetThe Indian rupee and benchmark bond yields traded narrowly on Thursday ahead of Friday's policy rate decision and potential currency suppor...
BharatPe Flex launched: Pay via UPI now, settle bills later with credit line and up to 45 days of interest-free usageBharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even w...
India in right place at right time on AI but failing to make the right noises, says Citi's Vis RaghavanIndia must highlight its AI power to attract global investment, says Citi's Vis Raghavan. Skilled talent, competitive costs, and infrastruc...
Nifty Bank tumbles 600 points; IndusInd Bank, Yes Bank, SBI and other stocks fall up to 3%. What lies ahead?The Nifty Bank index plunged over 1% on Wednesday, tracking the broader market selloff, with the gauge falling 626 points to 53,089. AU Sma...
West Asia heat may soon scorch banks' booksIndian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer...
Market Trading Guide: YES Bank among two stock picks for Monday with up to 10% upside scopeEquity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil ...