HDFC raises $750-m ECB, first under RBI's special swap planHDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...
18 Jun, 2026, 06.16 AM IST
RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas fundsThe Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE...
17 Jun, 2026, 07.58 PM IST
How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREsThe Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. T...
17 Jun, 2026, 06.39 PM IST
How a Rs 5 dispute ended Indian Railways paying Rs 10,000 as compensationIndian Railways must refund five rupees to a passenger. The railways also have to pay ten thousand rupees in costs. This follows a consumer...
17 Jun, 2026, 02.33 PM IST
The 30% smallcap tilt: How Abakkus Flexi Cap Fund is positioning for the next rallyAbakkus Mutual Fund is strategically allocating 30% to smallcaps within its Flexi Cap Fund, identifying mispriced opportunities despite str...
17 Jun, 2026, 09.36 AM IST
Muharram 2026 Date in India: When is the month of Muharram starting in Saudi Arabia and India?The Islamic New Year 1448 AH has begun in several Arab nations on Tuesday, June 16, 2026, with India and South Asian countries awaiting loc...
16 Jun, 2026, 10.12 AM IST
US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outageThe Biden administration opened a probe into Delta following the CrowdStrike computer software outage, after other major carriers were ab...
16 Jun, 2026, 08.57 AM IST
RBI puts curbs on banks' sale of third-party productsThe Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to rewar...
16 Jun, 2026, 06.34 AM IST
RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
15 Jun, 2026, 11.53 PM IST
Bank holiday today: Are banks open or closed today (Monday, June 15, 2026)?Bank holiday: Banks in some states will be closed today, June 15, 2026, due to regional holidays. Mizoram observes YMA Day, commemorating t...
15 Jun, 2026, 07.00 AM IST
Saturday bank holiday: Are banks open or closed today on June 13, 2026?Bank holiday today: Banks across India are closed today, Saturday, June 13, 2026, as it marks the second Saturday of the month. While physi...
13 Jun, 2026, 07.00 AM IST
Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflowsBanks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wor...
13 Jun, 2026, 06.14 AM IST
India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI ReportIndia's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's ext...
10 Jun, 2026, 01.26 PM IST
RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...
09 Jun, 2026, 10.45 AM IST
RBI may need to absorb at least half of hedging cost to spur ECBs by PSUsThe Reserve Bank of India's new measures aim to boost foreign inflows. Public Sector Undertakings can now access concessional forex swaps f...
08 Jun, 2026, 12.50 AM IST
Saturday bank holiday: Are banks open or closed today on June 6, 2026?Banks will be open today, June 6, 2026. This is the first Saturday of the month, a regular working day. Bank holidays vary by state, with t...
06 Jun, 2026, 08.43 AM IST
Bank holiday for Bakri ID (Id-Uz-Zuha): Are banks open or closed today in your state on May 28, 2026?Bank holiday today: Banks in several Indian states are closed today, May 28, 2026, in observance of Bakri ID (Id-Uz-Zuha). While branch ser...
28 May, 2026, 09.10 AM IST